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 opened sharply higher, supported by positive sentiment from recent foreign investor buying.</li><li>The index continued to post new highs, suggesting a likely move toward the key resistance at 1,350 points.</li><li>Nevertheless, we recommend selective speculation, as the index is expected to continue rebounding.</li></ul>

The SET opened sharply higher, supported by positive sentiment from recent foreign investor buying.The index continued to post new highs, suggesting a likely move toward the key resistance at 1,350 points.Nevertheless, we recommend selective speculation, as the index is expected to continue rebounding.

Krungthai XSpring Technical Eng. October 28, 2025

<ul><li>Most Asian bourses rebounded ahead of the upcoming Fed meeting and next we see further market movements.</li><li>The index has continued to edge higher, showing clear bullish signals and maintaining a sideways-up trend.</li><li>Nonetheless, we expect the index to rise further and recommend selective speculation, as it has remained above 1,300 points, with blue-chip stocks likely to continue leading the market.</li></ul>

Most Asian bourses rebounded ahead of the upcoming Fed meeting and next we see further market movements.The index has continued to edge higher, showing clear bullish signals and maintaining a sideways-up trend.Nonetheless, we expect the index to rise further and recommend selective speculation, as it has remained above 1,300 points, with blue-chip stocks likely to continue leading the market.

Krungthai XSpring Technical Eng. October 27, 2025

<ul><li>The SET rebounded for the third consecutive day, rising back above the 1,300-point mark for the first time in eight days, even as most Asian markets declined.</li><li>The rebound was led by blue-chip stocks, with sentiment further lifted by foreign investor buying.</li><li>We recommend selective speculation, as trading volume has strengthened and investor focus remains on blue-chip stocks that are likely to stay on the market’s radar.</li></ul>

The SET rebounded for the third consecutive day, rising back above the 1,300-point mark for the first time in eight days, even as most Asian markets declined.The rebound was led by blue-chip stocks, with sentiment further lifted by foreign investor buying.We recommend selective speculation, as trading volume has strengthened and investor focus remains on blue-chip stocks that are likely to stay on the market’s radar.

Krungthai XSpring Technical Eng. October 24, 2025

<ul><li>The SET rose for the second consecutive day, moving in line with other Asian markets, supported by growing expectations that the Fed will cut interest rates and easing concerns over the US–China trade conflict.</li><li>We maintain our recommendation to buy on dips during periods of low trading volume, as the index may remain volatile and prone to quick pullbacks.</li><li>The index continues to climb gradually, with intraday pullbacks and light trading volume.</li></ul>

The SET rose for the second consecutive day, moving in line with other Asian markets, supported by growing expectations that the Fed will cut interest rates and easing concerns over the US–China trade conflict.We maintain our recommendation to buy on dips during periods of low trading volume, as the index may remain volatile and prone to quick pullbacks.The index continues to climb gradually, with intraday pullbacks and light trading volume.

Krungthai XSpring Technical Eng. October 22, 2025

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Sep 25th. We estimate that they had an aggregated short interest worth USD3.5bn.</li>
<li>We tabulate league tables 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 Delta Electronics, Minor International, Bangkok Dusit, Gulf Energy Development, IRPC, Delta Electronics, Gulf Energy Development, Bangkok Dusit, Irpc, Minor International.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Sep 25th. We estimate that they had an aggregated short interest worth USD3.5bn.
We tabulate league tables 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 Delta Electronics, Minor International, Bangkok Dusit, Gulf Energy Development, IRPC, Delta Electronics, Gulf Energy Development, Bangkok Dusit, Irpc, Minor International.


Thailand Short Interest Weekly (Sep 25th): Delta Electronics, Minor International, Bangkok Dusit

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bangkok Bank (BBL TB)

Krungthai XSpring Technical Eng. October 28, 2025

The SET opened sharply higher, supported by positive sentiment from recent foreign investor buying.The index continued to post new highs...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 27, 2025

Nonetheless, we expect the index to rise further and recommend selective speculation, as it has remained above 1,300 points, with blue-chip stocks...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 24, 2025

The SET rebounded for the third consecutive day, rising back above the 1,300-point mark for the first time in eight days, even as most Asian...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 22, 2025

We maintain our recommendation to buy on dips during periods of low trading volume, as the index may remain volatile and prone to quick pullbacks.

Krungthai XSpring

Thailand Short Interest Weekly (Sep 25th): Delta Electronics, Minor International, Bangkok Dusit

We analyzed SET short interest report for the past week and highlighted short interest changes in Delta Electronics (DELTA TB), Minor International...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)