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 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

<ul><li>The SET dropped sharply after DELTA fell significantly following its inclusion under the cash balance measure, while profit-taking ahead of the long holiday added further pressure.</li><li>Trading sentiment remained subdued, reflected by light volume, and the index eventually closed 0.51% lower from the previous week.</li><li>Therefore, we view the index’s pullback as an opportunity to accumulate stocks, as it still has potential to rebound.</li></ul>

The SET dropped sharply after DELTA fell significantly following its inclusion under the cash balance measure, while profit-taking ahead of the long holiday added further pressure.Trading sentiment remained subdued, reflected by light volume, and the index eventually closed 0.51% lower from the previous week.Therefore, we view the index’s pullback as an opportunity to accumulate stocks, as it still has potential to rebound.

Krungthai XSpring Technical Eng. October 14, 2025

<ul><li>The SET Index is expected to move sideways today, with the support at 1,285/1,268 and the resistance at 1,300/1,313.</li><li>Thailand’s headline inflation fell -0.72% YoY in September, below market expectations of –0.6% YoY, marking the sixth consecutive month of decline.</li><li>The program is expected to boost 4Q25 GDP by 0.3–0.4%.</li></ul>

The SET Index is expected to move sideways today, with the support at 1,285/1,268 and the resistance at 1,300/1,313.Thailand’s headline inflation fell -0.72% YoY in September, below market expectations of –0.6% YoY, marking the sixth consecutive month of decline.The program is expected to boost 4Q25 GDP by 0.3–0.4%.

Krungthai XSpring Zoom Eng. October 7, 2025

<ul><li>The SET Index is expected to trade sideways up today, with the resistance levels at 1,217/1,221 points and the support at 1,195/1,184 points.</li><li>External factors are viewed as slightly positive, as the likelihood of the US and China imposing sharply higher tariffs on each other has decreased.</li><li>However, risks remain from ongoing negotiations between the US and the EU, as well as the possibility of more targeted US tariff measures. </li></ul>

The SET Index is expected to trade sideways up today, with the resistance levels at 1,217/1,221 points and the support at 1,195/1,184 points.External factors are viewed as slightly positive, as the likelihood of the US and China imposing sharply higher tariffs on each other has decreased.However, risks remain from ongoing negotiations between the US and the EU, as well as the possibility of more targeted US tariff measures. 

Thailand

Delta Electronics (Thailand) Public Co. Ltd. manufactures and distributes power supplies, electronic equipment, and components such as DC fans, EMI filters, and solenoids. The company also provides solutions including EV chargers, industrial automation, data center infrastructure, and smart energy management. Headquartered in Samut Prakan, Thailand, the company was established in 1988.

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Delta Electronics (Thailand) (DELTA TB)

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

Krungthai XSpring Technical Eng. October 14, 2025

The SET dropped sharply after DELTA fell significantly following its inclusion under the cash balance measure, while profit-taking ahead of the...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 7, 2025

Thailand’s headline inflation fell -0.72% YoY in September, below market expectations of –0.6% YoY, marking the sixth consecutive month of decline.

Krungthai XSpring

KTX Zoom - JULY 22, 2025

The SET Index is expected to trade sideways up today, with the resistance levels at 1,217/1,221 points and the support at 1,195/1,184 points.

Krungthai XSpring

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