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.

Thematic (Sector/Industry)

<ul><li>The SET attempted to rebound but failed due to a lack of supporting factors and weak investor confidence amid concerns over an economic slowdown and political uncertainties.</li><li>The market also remained under pressure from declines in other Asian bourses, which followed the negative lead from US markets.</li><li>Notably, stocks such as DELTA, MINT, TOP, CPALL, OSP, and AOT posted strong gains, while foreign investors remained net buyers for the third consecutive day.</li></ul>

The SET attempted to rebound but failed due to a lack of supporting factors and weak investor confidence amid concerns over an economic slowdown and political uncertainties.The market also remained under pressure from declines in other Asian bourses, which followed the negative lead from US markets.Notably, stocks such as DELTA, MINT, TOP, CPALL, OSP, and AOT posted strong gains, while foreign investors remained net buyers for the third consecutive day.

<ul><li>The SET Index is likely to move sideways as the market lacks clear supporting factors and signs of sector rotation begin to emerge.</li><li>For example, bank stocks are seeing profit-taking after strong gains, while buying interest is shifting toward sectors like telecommunications and energy.</li><li>On the external front, concerns over high bond yield conditions continue to weigh on the market. </li></ul>

The SET Index is likely to move sideways as the market lacks clear supporting factors and signs of sector rotation begin to emerge.For example, bank stocks are seeing profit-taking after strong gains, while buying interest is shifting toward sectors like telecommunications and energy.On the external front, concerns over high bond yield conditions continue to weigh on the market. 

KTX Zoom: Bond Auction Yield Rises & Half-Price Thai Travel Scheme - MAY 22, 2025

<ul><li>The market continued to lack new positive catalysts and was weighed down by concerns over a sluggish economy.</li><li>As a result, the SET’s attempt to rebound failed, with the index sharply declining in the afternoon session, led by losses in the commerce, tourism, and banking sectors.</li><li>However, foreign investors remained net buyers for the second consecutive day.</li></ul>

The market continued to lack new positive catalysts and was weighed down by concerns over a sluggish economy.As a result, the SET’s attempt to rebound failed, with the index sharply declining in the afternoon session, led by losses in the commerce, tourism, and banking sectors.However, foreign investors remained net buyers for the second consecutive day.

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Apr 11th. We estimate that they had an aggregated short interest worth USD1.7bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in WHA Corporation PCL , Siam Cement PLC.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Apr 11th. We estimate that they had an aggregated short interest worth USD1.7bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in WHA Corporation PCL , Siam Cement PLC.


Thailand Short Interest Weekly (Apr 11th): WHA, SCC

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 21st.We estimate that they had an aggregated short interest worth USD2.0bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in PTT, SCC, Krung Thai Bank, True, Srisawad.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 21st.We estimate that they had an aggregated short interest worth USD2.0bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in PTT, SCC, Krung Thai Bank, True, Srisawad.


Thailand Short Interest Weekly (Mar 21st): PTT, SCC, Krung Thai Bank, True, Srisawad

Thailand

Asset World Corp Public Company Limited focuses on real estate development and investment services. The Company offers property management. Asset World Corp serves customers in Thailand.

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Asset World Corporation (AWC TB)

Technical Analysis - MAY 23, 2025

The SET attempted to rebound but failed due to a lack of supporting factors and weak investor confidence amid concerns over an economic slowdown...

Krungthai XSpring

KTX Zoom: Bond Auction Yield Rises & Half-Price Thai Travel Scheme - MAY 22, 2025

The SET Index is likely to move sideways as the market lacks clear supporting factors and signs of sector rotation begin to emerge.

Krungthai XSpring

Technical Analysis - MAY 22, 2025

The market continued to lack new positive catalysts and was weighed down by concerns over a sluggish economy. As a result, the SET’s attempt to...

Krungthai XSpring

Thailand Short Interest Weekly (Apr 11th): WHA, SCC

We analyzed SET short interest report for the past week and highlighted short interest changes in WHA Corporation PLC, SCC.

Ke Yan, CFA, FRM

Thailand Short Interest Weekly (Mar 21st): PTT, SCC, Krung Thai Bank, True, Srisawad

We analyzed SET short interest report for the past week and highlighted short interest changes in PTT, SCC, Krung Thai Bank, True, Srisawad.

Ke Yan, CFA, FRM

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