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 came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.</li><li>Market sentiment remains positive, as selling volume has not increased significantly.</li><li>We recommend selective speculation, as we believe the index is currently in a short-term consolidation phase before a potential rebound.</li></ul>

The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.Market sentiment remains positive, as selling volume has not increased significantly.We recommend selective speculation, as we believe the index is currently in a short-term consolidation phase before a potential rebound.

Krungthai XSpring Technical Eng. October 7, 2025

<ul><li>The SET rebounded following the government’s policy statement and in line with most Asian bourses that advanced after the Dow Jones.</li><li>Buying from broker proprietary accounts introduced some volatility, but the index was lifted by a rotation in blue-chip stocks while selling pressure stayed light.</li><li>However, with light volume and the need for stronger fund inflows, the index remains volatile.</li></ul>

The SET rebounded following the government’s policy statement and in line with most Asian bourses that advanced after the Dow Jones.Buying from broker proprietary accounts introduced some volatility, but the index was lifted by a rotation in blue-chip stocks while selling pressure stayed light.However, with light volume and the need for stronger fund inflows, the index remains volatile.

Krungthai XSpring Technical Eng. September 30, 2025

<ul><li>The SET came under profit-taking pressure amid a lack of new catalysts, while a sharp drop in DELTA added to the drag.</li><li>Fund outflows were a key factor weighing on the index, in addition to DELTA’s sharp decline.</li><li>We do not anticipate a deep correction in the index and believe it will eventually rebound.</li></ul>

The SET came under profit-taking pressure amid a lack of new catalysts, while a sharp drop in DELTA added to the drag.Fund outflows were a key factor weighing on the index, in addition to DELTA’s sharp decline.We do not anticipate a deep correction in the index and believe it will eventually rebound.

Krungthai XSpring Technical Eng. SEPTEMBER 29, 2025

<ul><li>The SET advanced for a second consecutive day, supported by two straight sessions of foreign investor buying.</li><li>The index regained a positive pattern after breaking above the resistance at 1,284 points, signaling a reversal that supports further gains.</li><li>We expect the index to continue climbing toward the 1,300-point target.</li></ul>

The SET advanced for a second consecutive day, supported by two straight sessions of foreign investor buying.The index regained a positive pattern after breaking above the resistance at 1,284 points, signaling a reversal that supports further gains.We expect the index to continue climbing toward the 1,300-point target.

Krungthai XSpring Technical Eng. September 26, 2025

<ul><li>The SET Index is expected to move higher today, with the support at 1,272/1,264 and the resistance at 1,284/1,296.</li><li>Concerns about the credit rating appear limited, as foreign investors returned to net buying for the first time in five days.</li><li>Fitch Ratings maintained Thailand’s credit rating at BBB+ but revised the outlook to Negative from Stable, citing political risks and high public debt at 59.4% of GDP in August, about 25 ppt above pre-COVID levels.</li></ul>

The SET Index is expected to move higher today, with the support at 1,272/1,264 and the resistance at 1,284/1,296.Concerns about the credit rating appear limited, as foreign investors returned to net buying for the first time in five days.Fitch Ratings maintained Thailand’s credit rating at BBB+ but revised the outlook to Negative from Stable, citing political risks and high public debt at 59.4% of GDP in August, about 25 ppt above pre-COVID levels.

Krungthai XSpring Zoom Eng. September 25, 2025

Thailand

Cal-Comp Electronics (Thailand) provides electronics manufacturing services (EMS) for original equipment manufacturing (OEM) and original design manufacturing (ODM) markets. The company manufactures computer peripherals like printers and external hard drives, telecommunication products such as set-top boxes and Bluetooth headsets, and smart appliances. Headquartered in Bangkok, Thailand, the company was established on December 4, 1989.

Cal-Comp Electronics (Thailand) (CCET TB)

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Krungthai XSpring Technical Eng. October 7, 2025

The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.

Krungthai XSpring

Krungthai XSpring Technical Eng. September 30, 2025

The SET rebounded following the government’s policy statement and in line with most Asian bourses that advanced after the Dow Jones.

Krungthai XSpring

Krungthai XSpring Technical Eng. SEPTEMBER 29, 2025

Fund outflows were a key factor weighing on the index, in addition to DELTA’s sharp decline. We do not anticipate a deep correction in the index...

Krungthai XSpring

Krungthai XSpring Technical Eng. September 26, 2025

The index regained a positive pattern after breaking above the resistance at 1,284 points, signaling a reversal that supports further gains.

Krungthai XSpring

Krungthai XSpring Zoom Eng. September 25, 2025

Concerns about the credit rating appear limited, as foreign investors returned to net buying for the first time in five days.

Krungthai XSpring