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>Although US stock markets rebounded following the Fed's indication of two rate cuts this year, Asian markets showed mixed movements.</li><li>The Hang Seng dropped after China kept its interest rates unchanged, which negatively impacted China DR stocks and triggered profit-taking.</li><li>Despite the SET briefly reaching 1,200 points in intraday trading, it ultimately declined as foreign investors turned to selling.</li></ul>

Although US stock markets rebounded following the Fed's indication of two rate cuts this year, Asian markets showed mixed movements.The Hang Seng dropped after China kept its interest rates unchanged, which negatively impacted China DR stocks and triggered profit-taking.Despite the SET briefly reaching 1,200 points in intraday trading, it ultimately declined as foreign investors turned to selling.

<ul><li>The SET surged the most among Asian bourses while awaiting the Fed meeting results, supported by UBS upgrading its outlook on Thai equities and a technical rebound signal.</li><li>This attracted buying activity in large-cap stocks, including AOT, ADVANC, power plants, finance, commerce, and petroleum stocks.</li><li>However, trading volume remained light, and foreign investors returned to net selling.</li></ul>

The SET surged the most among Asian bourses while awaiting the Fed meeting results, supported by UBS upgrading its outlook on Thai equities and a technical rebound signal.This attracted buying activity in large-cap stocks, including AOT, ADVANC, power plants, finance, commerce, and petroleum stocks.However, trading volume remained light, and foreign investors returned to net selling.

<ul><li>Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving strong gains in China-related stocks like SCC, PTTGC, and IVL, along with a recovery in the PTT Group.</li><li>In addition, electronic stocks saw slight gains.</li><li>These factors contributed to a sharp rally in the SET. However, low trading volume and a 2.35% weekly decline reflected market caution.</li></ul>

Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving strong gains in China-related stocks like SCC, PTTGC, and IVL, along with a recovery in the PTT Group.In addition, electronic stocks saw slight gains.These factors contributed to a sharp rally in the SET. However, low trading volume and a 2.35% weekly decline reflected market caution.

<ul><li>The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.</li><li>Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.</li><li>Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.</li></ul>

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.

<ul><li>Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to recover.</li><li>This recovery boosted SCC, IVL, and PTTGC, driving their gains.</li><li>The market also responded positively to the Thai ESGX fund, which contributed to the SET’s afternoon rebound after hitting a new low in the morning.</li></ul>

Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to recover.This recovery boosted SCC, IVL, and PTTGC, driving their gains.The market also responded positively to the Thai ESGX fund, which contributed to the SET’s afternoon rebound after hitting a new low in the morning.

Thailand

CP Axtra Public Company Limited operates retail and wholesale businesses for consumer goods, and manages lease spaces in shopping centers under banners like Makro and Lotus's. Their product portfolio includes fresh food, dry groceries, non-food items, and general consumer goods. The company is headquartered in Bangkok, Thailand, and was founded in 1988.

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

CP Axtra (CPAXT TB)

Technical Analysis - MARCH 21, 2025

Although US stock markets rebounded following the Fed's indication of two rate cuts this year, Asian markets showed mixed movements.

Krungthai XSpring

Technical Analysis - MARCH 20, 2025

The SET surged the most among Asian bourses while awaiting the Fed meeting results, supported by UBS upgrading its outlook on Thai equities and a...

Krungthai XSpring

Technical Analysis - MARCH 17, 2025

Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving...

Krungthai XSpring

Technical Analysis - MARCH 13, 2025

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.

Krungthai XSpring

Technical Analysis - March 12, 2025

Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)