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 market was pressured by a rebound in oil prices and uncertainty surrounding the US stance.</li><li>Domestically, continued government efforts to ease the cost of living remain a positive signal.</li><li>We maintain a trading-oriented strategy.</li></ul>

The market was pressured by a rebound in oil prices and uncertainty surrounding the US stance.Domestically, continued government efforts to ease the cost of living remain a positive signal.We maintain a trading-oriented strategy.

Krungthai XSpring Zoom Eng. March 30, 2026

<ul><li>The SET Index outlook today is expected to move sideways to sideways-up, with support at 1,450/1,436 and resistance at 1,467/1,487.</li><li>The US: US equity markets advanced (S&amp;P +0.54%, NASDAQ +0.77%) as markets priced in easing Middle East tensions, following a report by The New York Times that the US had sent a negotiation proposal to Iran, released after the previous US market close.</li><li>Thailand: The Finance Minister outlined relief measures following the removal of the Bt33/liter diesel price cap and the shift to a market-based pricing mechanism.</li></ul>

The SET Index outlook today is expected to move sideways to sideways-up, with support at 1,450/1,436 and resistance at 1,467/1,487.The US: US equity markets advanced (S&amp;P +0.54%, NASDAQ +0.77%) as markets priced in easing Middle East tensions, following a report by The New York Times that the US had sent a negotiation proposal to Iran, released after the previous US market close.Thailand: The Finance Minister outlined relief measures following the removal of the Bt33/liter diesel price cap and the shift to a market-based pricing mechanism.

Krungthai XSpring Zoom Eng. March 26, 2026

<ul><li>The US president postponed the attack on Iran’s energy infrastructure for five days, although Iran stated that there had been no negotiations with the US.</li><li>The index rebounded from support at 1,400, reinforcing the 1,400–1,386 support zone.</li><li>We recommend buying on weakness, as the index is likely to remain volatile while Middle East developments continue to influence market movements.</li></ul>

The US president postponed the attack on Iran’s energy infrastructure for five days, although Iran stated that there had been no negotiations with the US.The index rebounded from support at 1,400, reinforcing the 1,400–1,386 support zone.We recommend buying on weakness, as the index is likely to remain volatile while Middle East developments continue to influence market movements.

Krungthai XSpring Technical Eng. March 25, 2026

<ul><li>The SET Index is expected to rebound today, with support at 1,386/1,361 points and resistance at 1,400/1,420 points.</li><li>Trump signaled progress in US–Iran negotiations and ordered a five-day delay (expected until March 28) in attacks on Iran’s power plants and energy infrastructure.</li><li>Following the royal endorsement of the Prime Minister on March 20, the Cabinet Secretariat is currently vetting the backgrounds and qualifications of the new cabinet members.</li></ul>

The SET Index is expected to rebound today, with support at 1,386/1,361 points and resistance at 1,400/1,420 points.Trump signaled progress in US–Iran negotiations and ordered a five-day delay (expected until March 28) in attacks on Iran’s power plants and energy infrastructure.Following the royal endorsement of the Prime Minister on March 20, the Cabinet Secretariat is currently vetting the backgrounds and qualifications of the new cabinet members.

Krungthai XSpring Zoom Eng. March 24, 2026

<ul><li>Amid escalating threats from both the US and Iran targeting energy infrastructure, surging crude oil and gas prices weighed heavily on Asian markets, with the SET Index declining sharply.</li><li>The index fell below 1,400 but remains within the 1,400–1,386 support zone, leaving room for a potential rebound.</li><li>Therefore, we recommend buying on weakness, as the current decline could trigger a technical rebound.</li></ul>

Amid escalating threats from both the US and Iran targeting energy infrastructure, surging crude oil and gas prices weighed heavily on Asian markets, with the SET Index declining sharply.The index fell below 1,400 but remains within the 1,400–1,386 support zone, leaving room for a potential rebound.Therefore, we recommend buying on weakness, as the current decline could trigger a technical rebound.

Krungthai XSpring Technical Eng. March 24, 2026

Thailand

CP ALL Public Company Limited is a Thai retail company that operates 7-Eleven convenience stores under an exclusive license in Thailand, offering a wide range of food and non-food products, including frozen foods, bakery items, cosmetics, and health products. The company also engages in manufacturing and marketing food and bakery products, and provides various supporting businesses such as payment services, logistics, and educational services. CP ALL was established in 1988 and is headquartered in Bangkok, Thailand.

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CP ALL (CPALL TB)

Krungthai XSpring Zoom Eng. March 30, 2026

The market was pressured by a rebound in oil prices and uncertainty surrounding the US stance.Domestically, continued government efforts to ease...

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 26, 2026

Thailand: The Finance Minister outlined relief measures following the removal of the Bt33/liter diesel price cap and the shift to a market-based...

Krungthai XSpring

Krungthai XSpring Technical Eng. March 25, 2026

The US president postponed the attack on Iran’s energy infrastructure for five days, although Iran stated that there had been no negotiations with...

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 24, 2026

Trump signaled progress in US–Iran negotiations and ordered a five-day delay (expected until March 28) in attacks on Iran’s power plants and energy...

Krungthai XSpring

Krungthai XSpring Technical Eng. March 24, 2026

Amid escalating threats from both the US and Iran targeting energy infrastructure, surging crude oil and gas prices weighed heavily on Asian...

Krungthai XSpring

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