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 Index is expected to trade sideways today, with the support at 1,266/1,250 points and the resistance at 1,278/1,287 points.</li><li>The US: US equities extended their decline (S&amp;P 500 –0.83%, NASDAQ –1.21%), driven by a global shift into risk-off mode ahead of the October Fed minutes.</li><li>Japan: Japan’s 20-year bond yield climbed to 2.77%, the highest since 1999, while the yen weakened past 155 yen/USD, marking an 11-month low.</li></ul>

The SET Index is expected to trade sideways today, with the support at 1,266/1,250 points and the resistance at 1,278/1,287 points.The US: US equities extended their decline (S&amp;P 500 –0.83%, NASDAQ –1.21%), driven by a global shift into risk-off mode ahead of the October Fed minutes.Japan: Japan’s 20-year bond yield climbed to 2.77%, the highest since 1999, while the yen weakened past 155 yen/USD, marking an 11-month low.

Krungthai XSpring Zoom Eng. November 19, 2025

<ul><li>Asian bourses fell in tandem with the Dow Jones, pressured by fading prospects of a Fed rate cut and renewed selling in technology shares.</li><li>The index is now at a critical juncture, as any further pullback would increase the risk of slipping into a downtrend.</li><li>We expect it to hold above 1,266 points to preserve the current sideways pattern.</li></ul>

Asian bourses fell in tandem with the Dow Jones, pressured by fading prospects of a Fed rate cut and renewed selling in technology shares.The index is now at a critical juncture, as any further pullback would increase the risk of slipping into a downtrend.We expect it to hold above 1,266 points to preserve the current sideways pattern.

Krungthai XSpring Technical Eng. November 19, 2025

<ul><li>Although the SET lacked clear catalysts after 3Q25 GDP grew only 1.2%, the index quickly stabilized and rebounded to the 1,280 level, supported by renewed buying in DELTA, ADVANC, CPN, banking, and energy stocks.</li><li>The index held above the 1,266 support level, backed by a bullish candlestick signal and sustained interest in large-cap stocks, indicating potential for a quick rebound.</li><li>We therefore recommend buying on weakness and selling on rebounds.</li></ul>

Although the SET lacked clear catalysts after 3Q25 GDP grew only 1.2%, the index quickly stabilized and rebounded to the 1,280 level, supported by renewed buying in DELTA, ADVANC, CPN, banking, and energy stocks.The index held above the 1,266 support level, backed by a bullish candlestick signal and sustained interest in large-cap stocks, indicating potential for a quick rebound.We therefore recommend buying on weakness and selling on rebounds.

Krungthai XSpring Technical Eng. November 18, 2025

<ul><li>Foreign investors turned net buyers again, though it may be short-term trading.</li><li>The SET Index is expected to move sideways today, with the support at 1,266/1,250 and the resistance at 1,287/1,300.</li><li>Thailand’s softer 3Q25 GDP was primarily driven by contractions in government spending and public investment, while other components continued to expand.</li></ul>

Foreign investors turned net buyers again, though it may be short-term trading.The SET Index is expected to move sideways today, with the support at 1,266/1,250 and the resistance at 1,287/1,300.Thailand’s softer 3Q25 GDP was primarily driven by contractions in government spending and public investment, while other components continued to expand.

Krungthai XSpring Zoom Eng. November 18, 2025

<ul><li>The SET came under pressure and retreated in line with global markets, weighed down by concerns that the Fed may delay rate cuts at next month’s meeting.</li><li>Although the uptrend has ended and the index is weakening, the broader trend remains sideways.</li><li>We therefore recommend gradually buying near the support level.</li></ul>

The SET came under pressure and retreated in line with global markets, weighed down by concerns that the Fed may delay rate cuts at next month’s meeting.Although the uptrend has ended and the index is weakening, the broader trend remains sideways.We therefore recommend gradually buying near the support level.

Krungthai XSpring Technical Eng. November 17, 2025

Thailand

Bangkok Dusit Medical Services Public Company Limited operates hospital networks. The Firm manages hospital groups and wellness clinics to provide cost-efficiencies, high-quality, and best-outcomes, as well as pharmaceutical businesses, insurance, information technology, and pathology services. Bangkok Dusit Medical Services focuses on patients and healthcare professionals.

Bangkok Dusit Medical Services (BDMS-R TB)

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Bangkok Dusit Medical Services (BDMS-R TB)

Krungthai XSpring Zoom Eng. November 19, 2025

The SET Index is expected to trade sideways today, with the support at 1,266/1,250 points and the resistance at 1,278/1,287 points.

Krungthai XSpring

Krungthai XSpring Technical Eng. November 19, 2025

Asian bourses fell in tandem with the Dow Jones, pressured by fading prospects of a Fed rate cut and renewed selling in technology shares.

Krungthai XSpring

Krungthai XSpring Technical Eng. November 18, 2025

The index held above the 1,266 support level, backed by a bullish candlestick signal and sustained interest in large-cap stocks, indicating...

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 18, 2025

Thailand’s softer 3Q25 GDP was primarily driven by contractions in government spending and public investment, while other components continued to...

Krungthai XSpring

Krungthai XSpring Technical Eng. November 17, 2025

The SET came under pressure and retreated in line with global markets, weighed down by concerns that the Fed may delay rate cuts at next month’s...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)