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>NIKKEI continued its strong rally, while the SET also moved higher.</li><li>The index continued to rebound, forming a sustained recovery pattern and holding above the ½ Fibonacci resistance at 1,406 points.</li><li>Therefore, we see limited upside and a rising risk of a pullback. We recommend gradually taking profits and waiting to re-enter on weakness.</li></ul>

NIKKEI continued its strong rally, while the SET also moved higher.The index continued to rebound, forming a sustained recovery pattern and holding above the ½ Fibonacci resistance at 1,406 points.Therefore, we see limited upside and a rising risk of a pullback. We recommend gradually taking profits and waiting to re-enter on weakness.

Krungthai XSpring Technical Eng. February 11, 2026

<ul><li>The US financial markets reacted with slight volatility and both the 10-year and 2-year Treasury yields rose from 4.24% to 4.26%.</li><li>While the economy shows a continued expansion trend, valuations remain stretched.</li><li>The Bank of Thailand (BOT) reported that the economy continued to expand in December, driven by growth in exports, private investment, and private consumption.</li></ul>

The US financial markets reacted with slight volatility and both the 10-year and 2-year Treasury yields rose from 4.24% to 4.26%.While the economy shows a continued expansion trend, valuations remain stretched.The Bank of Thailand (BOT) reported that the economy continued to expand in December, driven by growth in exports, private investment, and private consumption.

Krungthai XSpring Zoom Eng. February 2, 2026

<ul><li>Asian bourses rebounded in line with the US market, with buying interest flowing into DELTA, ADVANC, SCB, BBL, and PTT, driving the SET sharply higher.</li><li>The index rebounded quickly near the 1,300 support, underscoring strong and reliable buying interest.</li><li>We expect the index to continue rising and recommend selective speculation.</li></ul>

Asian bourses rebounded in line with the US market, with buying interest flowing into DELTA, ADVANC, SCB, BBL, and PTT, driving the SET sharply higher.The index rebounded quickly near the 1,300 support, underscoring strong and reliable buying interest.We expect the index to continue rising and recommend selective speculation.

Krungthai XSpring Technical Eng. January 28, 2026

<ul><li>The SET came under pressure from uncertainty over 4Q25 earnings, a fourth consecutive day of foreign selling, and rising Middle East tensions.</li><li>The index pulled back toward the 1,330–1,296 support range.</li><li>We therefore recommend buying on weakness, particularly near the 1,300–1,296 support zone, provided trading volume remains intact.</li></ul>

The SET came under pressure from uncertainty over 4Q25 earnings, a fourth consecutive day of foreign selling, and rising Middle East tensions.The index pulled back toward the 1,330–1,296 support range.We therefore recommend buying on weakness, particularly near the 1,300–1,296 support zone, provided trading volume remains intact.

Krungthai XSpring Technical Eng. January 27, 2026

<ul><li>The SET moved higher in line with most Asian bourses, rebounding as concerns over a US–Europe trade war eased.</li><li>In the short term, the index remains on an upward path toward the 1,330-point resistance, supported by a rising MACD and a positive RSI signal that remains well below the overbought zone.</li><li>We therefore continue to recommend selective speculation; however, should the index fall below the 1,300-point support, we would review our outlook.</li></ul>

The SET moved higher in line with most Asian bourses, rebounding as concerns over a US–Europe trade war eased.In the short term, the index remains on an upward path toward the 1,330-point resistance, supported by a rising MACD and a positive RSI signal that remains well below the overbought zone.We therefore continue to recommend selective speculation; however, should the index fall below the 1,300-point support, we would review our outlook.

Krungthai XSpring Technical Eng. January 26, 2026

Thailand

Central Plaza Hotel Public Co. Ltd. operates in the hospitality and food businesses. The company manages and owns a diverse portfolio of hotels and resorts under multiple brands in Thailand and internationally, alongside a quick-service restaurant segment through its subsidiary Central Restaurant Group. It was established in 1980 and is headquartered in Bangkok, Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Central Plaza Hotel (CENTEL TB)

Krungthai XSpring Technical Eng. February 11, 2026

The index continued to rebound, forming a sustained recovery pattern and holding above the ½ Fibonacci resistance at 1,406 points.Therefore, we see...

Krungthai XSpring

Krungthai XSpring Zoom Eng. February 2, 2026

The US financial markets reacted with slight volatility and both the 10-year and 2-year Treasury yields rose from 4.24% to 4.26%.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 28, 2026

Asian bourses rebounded in line with the US market, with buying interest flowing into DELTA, ADVANC, SCB, BBL, and PTT, driving the SET sharply...

Krungthai XSpring

Krungthai XSpring Technical Eng. January 27, 2026

The SET came under pressure from uncertainty over 4Q25 earnings, a fourth consecutive day of foreign selling, and rising Middle East tensions

Krungthai XSpring

Krungthai XSpring Technical Eng. January 26, 2026

We therefore continue to recommend selective speculation; however, should the index fall below the 1,300-point support, we would review our outlook.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)