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 halted its decline and rebounded after a surge in DELTA.</li><li>The index stabilized above the 1,250-point support, keeping the price pattern positive and reaffirming the 1,250–1,240 zone as a strong support area.</li><li>We therefore maintain our buy-on-dips recommendation and believe that DELTA’s price movements will continue to have a significant influence on the index.</li></ul>

The SET halted its decline and rebounded after a surge in DELTA.The index stabilized above the 1,250-point support, keeping the price pattern positive and reaffirming the 1,250–1,240 zone as a strong support area.We therefore maintain our buy-on-dips recommendation and believe that DELTA’s price movements will continue to have a significant influence on the index.

Krungthai XSpring Technical Eng. January 12, 2026

<ul><li>As the index moved closer to year-end with no new catalysts, above the 1,250-point level.</li><li>With persistently quiet trading and the final trading day of the year approaching, the index is likely to move within a narrow range as investors remain on the sidelines.</li><li>Therefore, we recommend buying on dips and selling on rallies, as the index has rebounded from the 1,250-point support level and is expected to continue moving sideways.</li></ul>

As the index moved closer to year-end with no new catalysts, above the 1,250-point level.With persistently quiet trading and the final trading day of the year approaching, the index is likely to move within a narrow range as investors remain on the sidelines.Therefore, we recommend buying on dips and selling on rallies, as the index has rebounded from the 1,250-point support level and is expected to continue moving sideways.

Krungthai XSpring Technical Eng. December 30, 2025

<ul><li>Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230.</li><li>DELTA, THAI, AOT, and GULF declined, weighing on the index.</li><li>The index is expected to move sideways, with a potential technical rebound around the 1,250-point support.</li></ul>

Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230.DELTA, THAI, AOT, and GULF declined, weighing on the index.The index is expected to move sideways, with a potential technical rebound around the 1,250-point support.

Krungthai XSpring Technical Eng. December 29, 2025

<ul><li>The market lacked new catalysts, while blue-chip stocks took turns leading the index.</li><li>At least the index attempted to rebound and consistently held above the 1,250-point level.</li><li>We maintain a positive view that the index can hold above its support level and rebound.</li></ul>

The market lacked new catalysts, while blue-chip stocks took turns leading the index.At least the index attempted to rebound and consistently held above the 1,250-point level.We maintain a positive view that the index can hold above its support level and rebound.

Krungthai XSpring Technical Eng. December 22, 2025

<ul><li>The weakness in DELTA and ADVANC, along with a lack of new market catalysts, weighed on the SET.</li><li>However, the index appears to have raised its support zone to 1,271–1,260 points, up from the previous 1,250–1,230 range.</li><li>We therefore maintain our buy-on-dips, sell-on-rallies strategy, as the index still has limited upside and requires a clearer bullish confirmation.</li></ul>

The weakness in DELTA and ADVANC, along with a lack of new market catalysts, weighed on the SET.However, the index appears to have raised its support zone to 1,271–1,260 points, up from the previous 1,250–1,230 range.We therefore maintain our buy-on-dips, sell-on-rallies strategy, as the index still has limited upside and requires a clearer bullish confirmation.

Krungthai XSpring Technical Eng. December 4, 2025

Sweden

BTS Group AB is an international consulting and educational company. The Company designs, develops, and markets customized business simulations for top management and key personnel. BTS offers Web-based distance learning solutions, computer-based workshops, and board simulation games that focus on issues facing the organizations. The Company markets worldwide to large corporations.

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BTS Group (BTSB SS)

Krungthai XSpring Technical Eng. January 12, 2026

The index stabilized above the 1,250-point support, keeping the price pattern positive and reaffirming the 1,250–1,240 zone as a strong support area.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 30, 2025

With persistently quiet trading and the final trading day of the year approaching, the index is likely to move within a narrow range as investors...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 29, 2025

Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230. DELTA, THAI, AOT, and GULF declined, weighing on the index.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 22, 2025

The market lacked new catalysts, while blue-chip stocks took turns leading the index. At least the index attempted to rebound and consistently held...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 4, 2025

The weakness in DELTA and ADVANC, along with a lack of new market catalysts, weighed on the SET.However, the index appears to have raised its...

Krungthai XSpring

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