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.

Cross Asset Strategy

<ul><li>The SET Index is expected to move sideways, with the support at 1,612/1,600 points and the resistance at 1,630/1,635 points.</li><li>We recommend trading buy on selective domestic plays, with the stock picks today being BEM, JMT and KTC.</li><li>The Consumer Confidence Index in November marked at 47.9, gaining for the sixth consecutive month and marking a 20-month high.</li></ul>

The SET Index is expected to move sideways, with the support at 1,612/1,600 points and the resistance at 1,630/1,635 points.We recommend trading buy on selective domestic plays, with the stock picks today being BEM, JMT and KTC.The Consumer Confidence Index in November marked at 47.9, gaining for the sixth consecutive month and marking a 20-month high.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.</li><li>Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.</li><li>Positive factors include Thai inflation in November, which may continue to slow down.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.Positive factors include Thai inflation in November, which may continue to slow down.

<ul><li>The SET Index is expected to move up, with the resistance at 1,640/1,649 points and the support at 1,630/1,623 points.</li><li>We recommend trading buy on EA, MAKRO, and PTTEP.</li><li>Today's momentum is positive after the Fed chairman hinted at a less aggressive rate hike in the FOMC meeting on December 4.</li></ul>

The SET Index is expected to move up, with the resistance at 1,640/1,649 points and the support at 1,630/1,623 points.We recommend trading buy on EA, MAKRO, and PTTEP.Today's momentum is positive after the Fed chairman hinted at a less aggressive rate hike in the FOMC meeting on December 4.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.</li><li>We recommend trading buy on KCE, HANA and SAT.</li><li>Today's investment momentum is slightly positive in response to the Cabinet meeting today, in which it is expected to approve additional stimulus measures.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.We recommend trading buy on KCE, HANA and SAT.Today's investment momentum is slightly positive in response to the Cabinet meeting today, in which it is expected to approve additional stimulus measures.

Equity Bottom-Up

<ul><li>Progress in US-Iran negotiations has led to the reopening of the Strait of Hormuz to oil tankers, pushing Brent crude below USD80/bbl.</li><li>Thailand's headline inflation is expected to decline a further 0.2% MoM in July.</li><li>TRUE (Buy, TP: Bt16.00) reported 2Q26 net profit of Bt6.6bn (+2.2x YoY), beating expectations.</li></ul>

Progress in US-Iran negotiations has led to the reopening of the Strait of Hormuz to oil tankers, pushing Brent crude below USD80/bbl.Thailand's headline inflation is expected to decline a further 0.2% MoM in July.TRUE (Buy, TP: Bt16.00) reported 2Q26 net profit of Bt6.6bn (+2.2x YoY), beating expectations.

Krungthai XSpring Zoom Eng. August 5, 2026

United States

California Resources Corporation is an independent oil and natural gas company. The Company focuses on maximizing the value of land, mineral and technical resources for decarbonization by developing carbon capture and storage and other emissions reducing projects. California Resources serves customers in the State of California.

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California Resources (CRC US)

Market Outlook and Investment Strategy

The SET Index is expected to move sideways, with the support at 1,612/1,600 points and the resistance at 1,630/1,635 points. We recommend trading...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points. Negative factors...

Krungthai XSpring

Market Outlook

The SET Index is expected to move up, with the resistance at 1,640/1,649 points and the support at 1,630/1,623 points. We recommend trading buy on...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points. We...

Krungthai XSpring

Krungthai XSpring Zoom Eng. August 5, 2026

Progress in US-Iran negotiations has led to the reopening of the Strait of Hormuz to oil tankers, pushing Brent crude below USD80/bbl. Thailand's...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)