Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

<ul><li>We expect the SET Index to advance toward the next resistance level at around 1,630 points, supported by electronic-component stocks amid strong AI demand and energy stocks as crude oil prices remain elevated.</li><li>Renewed foreign fund inflows should provide additional support as the Thai baht shows signs of appreciation.</li><li>Public hearings have begun on the new draft Power Development Plan (PDP), which emphasizes the transition to clean energy.</li></ul>

We expect the SET Index to advance toward the next resistance level at around 1,630 points, supported by electronic-component stocks amid strong AI demand and energy stocks as crude oil prices remain elevated.Renewed foreign fund inflows should provide additional support as the Thai baht shows signs of appreciation.Public hearings have begun on the new draft Power Development Plan (PDP), which emphasizes the transition to clean energy.

Krungthai XSpring Zoom Eng. September 8, 2026

Technical Analysis

Srinanaporn Marketing / Technical Analysis

<ul><li>The SET attempted to advance further but faced profit taking, which dragged it down despite improvements in Asian markets.</li><li>We view the index's outlook as positive and believe that it will be able to head up, recommending buying on weakness.</li><li>SNNP started to form in an uptrend and is considered to be strong enough to resist the selling force, as there was a small candlestick, and there are many supports at the bottom.</li></ul>

The SET attempted to advance further but faced profit taking, which dragged it down despite improvements in Asian markets.We view the index's outlook as positive and believe that it will be able to head up, recommending buying on weakness.SNNP started to form in an uptrend and is considered to be strong enough to resist the selling force, as there was a small candlestick, and there are many supports at the bottom.

<ul><li>While the index declined, it did not impact the overall upward trend.</li><li>Thus, we anticipate that the index will move sideways or experience a slight bounce.</li><li>We view the index's outlook as positive and believe that it will be able to head up, recommending buying on weakness.</li></ul>

While the index declined, it did not impact the overall upward trend.Thus, we anticipate that the index will move sideways or experience a slight bounce.We view the index's outlook as positive and believe that it will be able to head up, recommending buying on weakness.

<ul><li>Both the NIKKEI and KOSPI opened in positive territory this morning, surging over 2% following the announcement of ChatGPT's new model (Astra).</li><li>Prices stabilized above USD95/barrel amid military clashes between the US and Iran.</li><li>We continue to assess a limited probability of a Federal Reserve rate hike, which should support the appreciation of the Thai Baht against the US dollar.</li></ul>

Both the NIKKEI and KOSPI opened in positive territory this morning, surging over 2% following the announcement of ChatGPT's new model (Astra).Prices stabilized above USD95/barrel amid military clashes between the US and Iran.We continue to assess a limited probability of a Federal Reserve rate hike, which should support the appreciation of the Thai Baht against the US dollar.

Krungthai XSpring Zoom Eng. September 7, 2026

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.</li><li>The delisting of stocks from the MSCI indices is expected to have a negative impact.</li><li>We recommend stocks with positive factors: SAWAD, SISB and MC.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.The delisting of stocks from the MSCI indices is expected to have a negative impact.We recommend stocks with positive factors: SAWAD, SISB and MC.

MSCI Quarterly Review to Impact Closing Prices Today

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Ask Automotive (7175293Z IN)

Krungthai XSpring Zoom Eng. September 8, 2026

We expect the SET Index to advance toward the next resistance level at around 1,630 points, supported by electronic-component stocks amid strong...

Krungthai XSpring

Recommendation: Buy on Weakness

The SET attempted to advance further but faced profit taking, which dragged it down despite improvements in Asian markets. We view the index's...

Krungthai XSpring

Recommendation: Buy on Weakness

While the index declined, it did not impact the overall upward trend. Thus, we anticipate that the index will move sideways or experience a slight...

Krungthai XSpring

Krungthai XSpring Zoom Eng. September 7, 2026

Both the NIKKEI and KOSPI opened in positive territory this morning, surging over 2% following the announcement of ChatGPT's new model...

Krungthai XSpring

MSCI Quarterly Review to Impact Closing Prices Today

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)