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>Expect the SET to trend lower in the short term amid ongoing US–Iran posturing.</li><li>Brent crude jumped over 5% this morning as the Strait of Hormuz remains closed—positive for upstream energy (PTTEP, PTT) but negative for oil-sensitive sectors such as transport (PSL, AAV), tourism (ERW, MINT), and construction materials (TASCO, SCC).</li><li>Today’s XD effect is expected to drag the SET Index by ~2.99 points, led by SCB (Bt9.28/share) and CPAXT (Bt0.53/share).</li></ul>

Expect the SET to trend lower in the short term amid ongoing US–Iran posturing.Brent crude jumped over 5% this morning as the Strait of Hormuz remains closed—positive for upstream energy (PTTEP, PTT) but negative for oil-sensitive sectors such as transport (PSL, AAV), tourism (ERW, MINT), and construction materials (TASCO, SCC).Today’s XD effect is expected to drag the SET Index by ~2.99 points, led by SCB (Bt9.28/share) and CPAXT (Bt0.53/share).

Krungthai XSpring Zoom Eng. April 20, 2026

<ul><li>The March FOMC Minutes signal a broadly neutral stance.</li><li>The Ministry plans to seek approval for a Bt2.9bn central budget to help ease living costs, to be proposed at a special cabinet meeting on April 11.</li><li>The Thai equity market rose by 20.6 points (+1.41%) yesterday to close at 1,485.03, supported by easing tensions in the Middle East after the US and Iran announced a two-week ceasefire, along with renewed foreign fund inflows.</li></ul>

The March FOMC Minutes signal a broadly neutral stance.The Ministry plans to seek approval for a Bt2.9bn central budget to help ease living costs, to be proposed at a special cabinet meeting on April 11.The Thai equity market rose by 20.6 points (+1.41%) yesterday to close at 1,485.03, supported by easing tensions in the Middle East after the US and Iran announced a two-week ceasefire, along with renewed foreign fund inflows.

Krungthai XSpring Zoom Eng. April 9, 2026

<ul><li>The US and Iran are considering a ceasefire proposal to ease tensions in the Strait of Hormuz, supporting equity market sentiment.</li><li>The US deadline for potential strikes on Iran’s infrastructure (morning of April 8, Thai time) may keep investors cautious.</li><li>Consumption plays (CPALL, CPAXT) should benefit from stimulus measures following the government’s policy statement on April 9–10.</li></ul>

The US and Iran are considering a ceasefire proposal to ease tensions in the Strait of Hormuz, supporting equity market sentiment.The US deadline for potential strikes on Iran’s infrastructure (morning of April 8, Thai time) may keep investors cautious.Consumption plays (CPALL, CPAXT) should benefit from stimulus measures following the government’s policy statement on April 9–10.

Krungthai XSpring Zoom Eng. April 7, 2026

<ul><li>The SET Index is expected to trade sideways to slightly lower today, with support at 1,433/1,420 points and resistance at 1,450/1,467 points.</li><li>The Bank of Japan (BOJ) released the minutes from its mid-March meeting, which were broadly in line with remarks from the BOJ governor.</li><li>The Prime Minister stated that the new cabinet lineup has already been submitted for royal endorsement.</li></ul>

The SET Index is expected to trade sideways to slightly lower today, with support at 1,433/1,420 points and resistance at 1,450/1,467 points.The Bank of Japan (BOJ) released the minutes from its mid-March meeting, which were broadly in line with remarks from the BOJ governor.The Prime Minister stated that the new cabinet lineup has already been submitted for royal endorsement.

Krungthai XSpring Zoom Eng. March 31, 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

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)

Krungthai XSpring Zoom Eng. April 20, 2026

Expect the SET to trend lower in the short term amid ongoing US–Iran posturing.Brent crude jumped over 5% this morning as the Strait of Hormuz...

Krungthai XSpring

Krungthai XSpring Zoom Eng. April 9, 2026

The Ministry plans to seek approval for a Bt2.9bn central budget to help ease living costs, to be proposed at a special cabinet meeting on April 11.

Krungthai XSpring

Krungthai XSpring Zoom Eng. April 7, 2026

Consumption plays (CPALL, CPAXT) should benefit from stimulus measures following the government’s policy statement on April 9–10.

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 31, 2026

The SET Index is expected to trade sideways to slightly lower today, with support at 1,433/1,420 points and resistance at 1,450/1,467 points.

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)