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 encountered selling pressure throughout the day, eventually closing lower.</li><li>The higher high, higher low pattern remains intact as long as the index stays above the uptrend line support at 1,273.</li><li>Therefore, we maintain our “buy on dips” strategy, as the recent pullback has occurred on light volume and movements among bluechip stocks have been mixed.</li></ul>

The SET attempted to rebound but encountered selling pressure throughout the day, eventually closing lower.The higher high, higher low pattern remains intact as long as the index stays above the uptrend line support at 1,273.Therefore, we maintain our “buy on dips” strategy, as the recent pullback has occurred on light volume and movements among bluechip stocks have been mixed.

Krungthai XSpring Technical Eng. November 3, 2025

<ul><li>The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.</li><li>The minor pullback does not alter the primary uptrend structure of higher highs and higher lows, as the index is forming a support base around 1,313–1,300.</li><li>We therefore recommend buying on dips, expecting the index to hold above the 1,313–1,300 support zone, with a focus on blue-chip stocks.</li></ul>

The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.The minor pullback does not alter the primary uptrend structure of higher highs and higher lows, as the index is forming a support base around 1,313–1,300.We therefore recommend buying on dips, expecting the index to hold above the 1,313–1,300 support zone, with a focus on blue-chip stocks.

Krungthai XSpring Technical Eng. October 31, 2025

<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>The SET Index is expected to move in a limited sideways-up pattern today, with the support at 1,300/1,280 and the resistance at 1,322/1,334.</li><li>The US and Thailand have signed a Memorandum of Understanding (MOU) on cooperation in critical minerals.</li><li>We recommend focusing on defensive stocks (ADVANC, CPALL, BDMS, BCH, GPSC) or accumulating shares with potential 3Q25 earnings growth both QoQ and YoY (ADVANC, BCPG, PR9, PTTGC, MTC).</li></ul>

The SET Index is expected to move in a limited sideways-up pattern today, with the support at 1,300/1,280 and the resistance at 1,322/1,334.The US and Thailand have signed a Memorandum of Understanding (MOU) on cooperation in critical minerals.We recommend focusing on defensive stocks (ADVANC, CPALL, BDMS, BCH, GPSC) or accumulating shares with potential 3Q25 earnings growth both QoQ and YoY (ADVANC, BCPG, PR9, PTTGC, MTC).

Krungthai XSpring Zoom Eng. October 27, 2025

<ul><li>The SET rebounded in line with other Asian markets amid easing US–China trade tensions and growing optimism over 3Q25 bank earnings and new economic stimulus measures.</li><li>Recently, the index has fluctuated sharply but managed to sustain its upward momentum toward the 1,300-point level.</li><li>Therefore, we recommend buying on dips, as the index may see short-term pullbacks until trading volume strengthens.</li></ul>

The SET rebounded in line with other Asian markets amid easing US–China trade tensions and growing optimism over 3Q25 bank earnings and new economic stimulus measures.Recently, the index has fluctuated sharply but managed to sustain its upward momentum toward the 1,300-point level.Therefore, we recommend buying on dips, as the index may see short-term pullbacks until trading volume strengthens.

Krungthai XSpring Technical Eng. October 21, 2025

Thailand

Bangkok Dusit Medical Services Public Company Limited operates Bangkok General Hospital. The Hospital specializes in cardiovascular, lung, neurological, eye and genitourinary cancer, as well as physical therapy and medical imaging.

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Bangkok Dusit Medical Services (BDMS TB)

Krungthai XSpring Technical Eng. November 3, 2025

Therefore, we maintain our “buy on dips” strategy, as the recent pullback has occurred on light volume and movements among bluechip stocks have...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 31, 2025

The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.

Krungthai XSpring

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 Zoom Eng. October 27, 2025

The SET Index is expected to move in a limited sideways-up pattern today, with the support at 1,300/1,280 and the resistance at 1,322/1,334.

Krungthai XSpring

Krungthai XSpring Technical Eng. October 21, 2025

The SET rebounded in line with other Asian markets amid easing US–China trade tensions and growing optimism over 3Q25 bank earnings and new...

Krungthai XSpring

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