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>Technically, the SET Index is expected to weaken, with the support levels at 1,150/1,140 points and the resistance at 1,166/1,174 points (10-day EMA) and 1,180 points.</li><li>In the medium term, the trend remains bearish in a zig-zag down pattern, seeking the bottom within the 1,100-1,506 range.</li><li>In the short term, the index is still in a downtrend (forming new lows followed by rebounds). </li></ul>

Technically, the SET Index is expected to weaken, with the support levels at 1,150/1,140 points and the resistance at 1,166/1,174 points (10-day EMA) and 1,180 points.In the medium term, the trend remains bearish in a zig-zag down pattern, seeking the bottom within the 1,100-1,506 range.In the short term, the index is still in a downtrend (forming new lows followed by rebounds). 

<ul><li>Technically, the SET Index is expected to move lower. The key support levels are at 1,150/1,130 points, while the resistance is at 1,176 points (10-day EMA) and 1,185 points.</li><li>The medium-term trend remains downward in a zig-zag down pattern as the index searches for the bottom within the broader range of 1,100-1,506 points.</li><li>In the short term, the index continues in a downtrend (forming new lows with occasional rebounds). </li></ul>

Technically, the SET Index is expected to move lower. The key support levels are at 1,150/1,130 points, while the resistance is at 1,176 points (10-day EMA) and 1,185 points.The medium-term trend remains downward in a zig-zag down pattern as the index searches for the bottom within the broader range of 1,100-1,506 points.In the short term, the index continues in a downtrend (forming new lows with occasional rebounds). 

<ul><li>The announcement of a 25% tariff on imported cars by the US, coupled with concerns over reciprocal tariffs, led to subdued trading sentiment.</li><li>As a result, the SET struggled to maintain its rebound. However, the index traded sideways within a narrow range, supported by gains in ADVANC, PTTEP, banking shares, and Chinese DR stocks, which mirrored the Hang Seng's rebound.</li><li>Meanwhile, foreign investors turned net buyers.</li></ul>

The announcement of a 25% tariff on imported cars by the US, coupled with concerns over reciprocal tariffs, led to subdued trading sentiment.As a result, the SET struggled to maintain its rebound. However, the index traded sideways within a narrow range, supported by gains in ADVANC, PTTEP, banking shares, and Chinese DR stocks, which mirrored the Hang Seng's rebound.Meanwhile, foreign investors turned net buyers.

<ul><li>The rebound in Asian bourses, combined with the absence of negative factors, allowed the SET to recover quickly and remain in positive territory throughout the day.</li><li>The gains in DELTA, HMPRO, and banking stocks provided support, despite cautious trading sentiment driven by concerns over reciprocal tariffs, as reflected in the low trading volume.</li><li>Meanwhile, foreign investors continued to sell.</li></ul>

The rebound in Asian bourses, combined with the absence of negative factors, allowed the SET to recover quickly and remain in positive territory throughout the day.The gains in DELTA, HMPRO, and banking stocks provided support, despite cautious trading sentiment driven by concerns over reciprocal tariffs, as reflected in the low trading volume.Meanwhile, foreign investors continued to sell.

<ul><li>The SET swung within a narrow range as the market lacked new supporting factors, with investors shifting their focus to the parliamentary debates.</li><li>However, the index rebounded in the afternoon, following the Hang Seng’s surge, driven by buying pressure in stocks such as ADVANC, TRUE, PTTEP, CPALL, AOT, and Chinese DR stocks.</li><li>However, volume fell to a 15-month low, while foreign investors recorded a slight net sell.</li></ul>

The SET swung within a narrow range as the market lacked new supporting factors, with investors shifting their focus to the parliamentary debates.However, the index rebounded in the afternoon, following the Hang Seng’s surge, driven by buying pressure in stocks such as ADVANC, TRUE, PTTEP, CPALL, AOT, and Chinese DR stocks.However, volume fell to a 15-month low, while foreign investors recorded a slight net sell.

Thailand

CP Axtra Public Company Limited operates a retail discount store chain. The Company sells food and consumer products to its registered customers including wholesalers, retailers, small businesses, caterers, and private individuals who hold its member cards. CP Axtra serves customers in Thailand.

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CP Axtra (CPAXT TB)

KTX Zoom: US Employment - APRIL 4, 2025

Technically, the SET Index is expected to weaken, with the support levels at 1,150/1,140 points and the resistance at 1,166/1,174 points (10-day...

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KTX Zoom - APRIL 3, 2025

Technically, the SET Index is expected to move lower. The key support levels are at 1,150/1,130 points, while the resistance is at 1,176 points (10...

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Technical Analysis - MARCH 28, 2025

The announcement of a 25% tariff on imported cars by the US, coupled with concerns over reciprocal tariffs, led to subdued trading sentiment.

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Technical Analysis - MARCH 27, 2025

The rebound in Asian bourses, combined with the absence of negative factors, allowed the SET to recover quickly and remain in positive territory...

Krungthai XSpring

Technical Analysis - MARCH 25, 2025

The SET swung within a narrow range as the market lacked new supporting factors, with investors shifting their focus to the parliamentary debates.

Krungthai XSpring

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