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 climbed quickly and traded in positive territory throughout the session, as political concerns eased and investors awaited Jerome Powell's speech at Jackson Hole.</li><li>The index has formed a higher price pattern, signaling a potential reversal, supported by its ability to stay above all the short-term EMA lines.</li><li>We recommend buying on dips and selling on rises, as trading volume remains weak and sector rotation among blue-chip stocks has alternately supported and weighed on the index.</li></ul>

The SET climbed quickly and traded in positive territory throughout the session, as political concerns eased and investors awaited Jerome Powell's speech at Jackson Hole.The index has formed a higher price pattern, signaling a potential reversal, supported by its ability to stay above all the short-term EMA lines.We recommend buying on dips and selling on rises, as trading volume remains weak and sector rotation among blue-chip stocks has alternately supported and weighed on the index.

Krungthai XSpring Technical Eng. August 25, 2025

<ul><li>The market faced selling pressure from both domestic funds and foreign investors for the fourth straight day, as investors awaited the Fed meeting results and monitored political developments.</li><li>Earlier, there had been expectations for the index to move toward 1,300 points.</li><li>We therefore maintain our recommendation to buy at the support while closely monitoring the movements of THAI and DELTA.</li></ul>

The market faced selling pressure from both domestic funds and foreign investors for the fourth straight day, as investors awaited the Fed meeting results and monitored political developments.Earlier, there had been expectations for the index to move toward 1,300 points.We therefore maintain our recommendation to buy at the support while closely monitoring the movements of THAI and DELTA.

Krungthai XSpring Technical Eng. August 20, 2025

<ul><li>Although the market faced no negative catalysts, profit-taking — coupled with selling pressure from domestic funds and foreign investors — pulled the SET lower.</li><li>Technically, the index has been moving along the uptrend line resistance and remains above all short-term EMA lines.</li><li>We recommend selective speculation, as the upward trend remains intact.</li></ul>

Although the market faced no negative catalysts, profit-taking — coupled with selling pressure from domestic funds and foreign investors — pulled the SET lower.Technically, the index has been moving along the uptrend line resistance and remains above all short-term EMA lines.We recommend selective speculation, as the upward trend remains intact.

Krungthai XSpring Technical Eng. August 15, 2025

<ul><li>The SET surged in line with other Asian bourses, buoyed by expectations of a Fed rate cut and the MPC’s 0.25% policy rate reduction.</li><li>The index rebounded sharply and advanced further, supported by rising RSI and MACD, and remains above all short-term EMA lines.</li><li>We recommend selective speculation as the index continues to advance with the potential to rally towards the 1,300-point level.</li></ul>

The SET surged in line with other Asian bourses, buoyed by expectations of a Fed rate cut and the MPC’s 0.25% policy rate reduction.The index rebounded sharply and advanced further, supported by rising RSI and MACD, and remains above all short-term EMA lines.We recommend selective speculation as the index continues to advance with the potential to rally towards the 1,300-point level.

Krungthai XSpring Technical Eng. August 14, 2025

<ul><li>The SET Index is expected to rise today, with the resistance at 1,270/1,280 points and the support at 1,255/1,250 points (EMA 50wk).</li><li>The upward momentum is supported by gains in global equities during the long holiday (Nikkei, Vietnam, S&amp;P 500, and Nasdaq all hitting all-time highs), positive news that the US and China have extended their tariff negotiation deadline by 90 days, and the possibility that the Fed may begin cutting interest rates as early as September, with three cuts this year.</li><li>Investors are also anticipating the Bank of Thailand’s MPC meeting (KTX expects rates to be kept unchanged, which would help sustain foreign fund inflows into Thailand). </li></ul>

The SET Index is expected to rise today, with the resistance at 1,270/1,280 points and the support at 1,255/1,250 points (EMA 50wk).The upward momentum is supported by gains in global equities during the long holiday (Nikkei, Vietnam, S&amp;P 500, and Nasdaq all hitting all-time highs), positive news that the US and China have extended their tariff negotiation deadline by 90 days, and the possibility that the Fed may begin cutting interest rates as early as September, with three cuts this year.Investors are also anticipating the Bank of Thailand’s MPC meeting (KTX expects rates to be kept unchanged, which would help sustain foreign fund inflows into Thailand). 

Thailand

Bangkok Bank Public Company Limited provides various banking and financial services including commercial, consumer, credit card, and mortgage lending, international trade financing, investment banking, and securities services.

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Bangkok Bank Public (BBL TB)

Krungthai XSpring Technical Eng. August 25, 2025

The SET climbed quickly and traded in positive territory throughout the session, as political concerns eased and investors awaited Jerome Powell's...

Krungthai XSpring

Krungthai XSpring Technical Eng. August 20, 2025

The market faced selling pressure from both domestic funds and foreign investors for the fourth straight day, as investors awaited the Fed meeting...

Krungthai XSpring

Krungthai XSpring Technical Eng. August 15, 2025

Although the market faced no negative catalysts, profit-taking — coupled with selling pressure from domestic funds and foreign investors — pulled...

Krungthai XSpring

Krungthai XSpring Technical Eng. August 14, 2025

The SET surged in line with other Asian bourses, buoyed by expectations of a Fed rate cut and the MPC’s 0.25% policy rate reduction.

Krungthai XSpring

KTX Zoom - AUGUST 13, 2025

Greed > fear: US-China trade talks extended by 90 days, and the Fed may start cutting interest rates as early as September

Krungthai XSpring

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