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 SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.</li><li>The minor pullback does not alter the primary uptrend structure of higher highs and higher lows, as the index is forming a support base around 1,313–1,300.</li><li>We therefore recommend buying on dips, expecting the index to hold above the 1,313–1,300 support zone, with a focus on blue-chip stocks.</li></ul>

The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.The minor pullback does not alter the primary uptrend structure of higher highs and higher lows, as the index is forming a support base around 1,313–1,300.We therefore recommend buying on dips, expecting the index to hold above the 1,313–1,300 support zone, with a focus on blue-chip stocks.

Krungthai XSpring Technical Eng. October 31, 2025

<ul><li>The SET Index is expected to trade sideways up today, with the resistance at 1,322/1,332 and the support at 1,313/1,300.</li><li>Domestic factors are slightly positive, as the baht continues to appreciate against both the USD and JPY, reducing FX loss risks for foreign investors and attracting fund inflows into Thailand.</li><li>Externally, the outlook is neutral — global technology stocks are under pressure, which could weigh on Thai electronics stocks, though rising bond yields may provide a positive sentiment boost for the banking sector.</li></ul>

The SET Index is expected to trade sideways up today, with the resistance at 1,322/1,332 and the support at 1,313/1,300.Domestic factors are slightly positive, as the baht continues to appreciate against both the USD and JPY, reducing FX loss risks for foreign investors and attracting fund inflows into Thailand.Externally, the outlook is neutral — global technology stocks are under pressure, which could weigh on Thai electronics stocks, though rising bond yields may provide a positive sentiment boost for the banking sector.

Krungthai XSpring Zoom Eng. October 31, 2025

<ul><li>The SET Index is expected to trade sideways today, with the support at 1,314/1,300 points and the resistance at 1,334/1,350 points.</li><li>Domestically, sentiment is seen as neutral to slightly negative, with potential volatility from external factors.</li><li>Notably, today is the final day of DELTA’s exclusion from trading limit calculations and its cash balance period.</li></ul>

The SET Index is expected to trade sideways today, with the support at 1,314/1,300 points and the resistance at 1,334/1,350 points.Domestically, sentiment is seen as neutral to slightly negative, with potential volatility from external factors.Notably, today is the final day of DELTA’s exclusion from trading limit calculations and its cash balance period.

Krungthai XSpring Zoom Eng. October 30, 2025

<ul><li>The SET managed to hold its ground and avoid further losses, supported by rebounds in DELTA, ADVANC, and AOT, which helped lift the index slightly higher.</li><li>Although the index edged up slightly, it successfully nullified the previous black candlestick’s negative signal, allowing it to maintain the higher high, higher low pattern.</li><li>We recommend buying on dips, as the index’s resilience above the 1,313–1,300 support zone should form a solid base and pave the way for a new rebound cycle.</li></ul>

The SET managed to hold its ground and avoid further losses, supported by rebounds in DELTA, ADVANC, and AOT, which helped lift the index slightly higher.Although the index edged up slightly, it successfully nullified the previous black candlestick’s negative signal, allowing it to maintain the higher high, higher low pattern.We recommend buying on dips, as the index’s resilience above the 1,313–1,300 support zone should form a solid base and pave the way for a new rebound cycle.

Krungthai XSpring Technical Eng. October 30, 2025

<ul><li>The SET attempted to extend its rebound, rising early in the session but ultimately succumbing to selling pressure as both foreign investors and domestic funds turned net sellers.</li><li>The index declined after a bearish signal from a gravestone doji, retesting the support at 1,313–1,300 points.</li><li>Therefore, we recommend buying on weakness, as we expect the index to experience only short-term consolidation while maintaining a positive price pattern.</li></ul>

The SET attempted to extend its rebound, rising early in the session but ultimately succumbing to selling pressure as both foreign investors and domestic funds turned net sellers.The index declined after a bearish signal from a gravestone doji, retesting the support at 1,313–1,300 points.Therefore, we recommend buying on weakness, as we expect the index to experience only short-term consolidation while maintaining a positive price pattern.

Krungthai XSpring Technical Eng. October 29, 2025

India

Delta Corp Limited a diversified business group having a presence in the entertainment and gaming, real estate business in India and Kenya. The Company's business includes offshore casinos, and real estate consulting & development.

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Delta Corp Ltd (DELTA IN)

Krungthai XSpring Technical Eng. October 31, 2025

The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 31, 2025

Domestic factors are slightly positive, as the baht continues to appreciate against both the USD and JPY, reducing FX loss risks for foreign...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 30, 2025

The SET Index is expected to trade sideways today, with the support at 1,314/1,300 points and the resistance at 1,334/1,350 points.

Krungthai XSpring

Krungthai XSpring Technical Eng. October 30, 2025

The SET managed to hold its ground and avoid further losses, supported by rebounds in DELTA, ADVANC, and AOT, which helped lift the index slightly...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 29, 2025

The SET attempted to extend its rebound, rising early in the session but ultimately succumbing to selling pressure as both foreign investors and...

Krungthai XSpring

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Market Cap (USDm)

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