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>Asian bourses rebounded in line with the US market, with buying interest flowing into DELTA, ADVANC, SCB, BBL, and PTT, driving the SET sharply higher.</li><li>The index rebounded quickly near the 1,300 support, underscoring strong and reliable buying interest.</li><li>We expect the index to continue rising and recommend selective speculation.</li></ul>

Asian bourses rebounded in line with the US market, with buying interest flowing into DELTA, ADVANC, SCB, BBL, and PTT, driving the SET sharply higher.The index rebounded quickly near the 1,300 support, underscoring strong and reliable buying interest.We expect the index to continue rising and recommend selective speculation.

Krungthai XSpring Technical Eng. January 28, 2026

<ul><li>The SET came under pressure from uncertainty over 4Q25 earnings, a fourth consecutive day of foreign selling, and rising Middle East tensions.</li><li>The index pulled back toward the 1,330–1,296 support range.</li><li>We therefore recommend buying on weakness, particularly near the 1,300–1,296 support zone, provided trading volume remains intact.</li></ul>

The SET came under pressure from uncertainty over 4Q25 earnings, a fourth consecutive day of foreign selling, and rising Middle East tensions.The index pulled back toward the 1,330–1,296 support range.We therefore recommend buying on weakness, particularly near the 1,300–1,296 support zone, provided trading volume remains intact.

Krungthai XSpring Technical Eng. January 27, 2026

<ul><li>The SET moved higher in line with most Asian bourses, rebounding as concerns over a US–Europe trade war eased.</li><li>In the short term, the index remains on an upward path toward the 1,330-point resistance, supported by a rising MACD and a positive RSI signal that remains well below the overbought zone.</li><li>We therefore continue to recommend selective speculation; however, should the index fall below the 1,300-point support, we would review our outlook.</li></ul>

The SET moved higher in line with most Asian bourses, rebounding as concerns over a US–Europe trade war eased.In the short term, the index remains on an upward path toward the 1,330-point resistance, supported by a rising MACD and a positive RSI signal that remains well below the overbought zone.We therefore continue to recommend selective speculation; however, should the index fall below the 1,300-point support, we would review our outlook.

Krungthai XSpring Technical Eng. January 26, 2026

<ul><li>The index appears to be entering a consolidation phase following the sharp drop toward the 1,300-point support.</li><li>We therefore expect the index to be undergoing only a short-term pullback before rebounding toward the resistance at 1,330 points.</li><li>Accordingly, we maintain our recommendation for selective speculation and view any weakness in the index as an opportunity to accumulate stocks, with expectations for a rebound.</li></ul>

The index appears to be entering a consolidation phase following the sharp drop toward the 1,300-point support.We therefore expect the index to be undergoing only a short-term pullback before rebounding toward the resistance at 1,330 points.Accordingly, we maintain our recommendation for selective speculation and view any weakness in the index as an opportunity to accumulate stocks, with expectations for a rebound.

Krungthai XSpring Technical Eng. January 23, 2026

<ul><li>The SET rose strongly for a sixth consecutive session, led by DELTA, which added 14.55 points to the index.</li><li>The index has continued to advance, forming a consistently upward-sloping price pattern.</li><li>Therefore, we continue to recommend selective speculation.</li></ul>

The SET rose strongly for a sixth consecutive session, led by DELTA, which added 14.55 points to the index.The index has continued to advance, forming a consistently upward-sloping price pattern.Therefore, we continue to recommend selective speculation.

Krungthai XSpring Technical Eng. January 22, 2026

Thailand

Bangkok Bank is one of the largest commercial banks in Thailand, offering a comprehensive range of commercial and retail banking solutions. These include corporate finance, SME lending, conventional banking services, syndicated loans, debt securities underwriting, trade finance, project finance, custodial services, and various personal banking products. The bank is headquartered in Bangkok, Thailand, and was founded in 1944.

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Bangkok Bank (BBL TB)

Krungthai XSpring Technical Eng. January 28, 2026

Asian bourses rebounded in line with the US market, with buying interest flowing into DELTA, ADVANC, SCB, BBL, and PTT, driving the SET sharply...

Krungthai XSpring

Krungthai XSpring Technical Eng. January 27, 2026

The SET came under pressure from uncertainty over 4Q25 earnings, a fourth consecutive day of foreign selling, and rising Middle East tensions

Krungthai XSpring

Krungthai XSpring Technical Eng. January 26, 2026

We therefore continue to recommend selective speculation; however, should the index fall below the 1,300-point support, we would review our outlook.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 23, 2026

The index appears to be entering a consolidation phase following the sharp drop toward the 1,300-point support. We therefore expect the index to be...

Krungthai XSpring

Krungthai XSpring Technical Eng. January 22, 2026

The index has continued to advance, forming a consistently upward-sloping price pattern. Therefore, we continue to recommend selective speculation.

Krungthai XSpring

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