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.

Technical Analysis

<ul><li>DELTA's movement, mixed performance across Asian equity markets, and a fourth consecutive day of net foreign selling continued to influence the SET Index, limiting its gains.</li><li>Although the index's gains remained limited and selling pressure emerged at higher levels, positive sentiment and momentum remained intact.</li><li>We recommend buying on dips, given the index's sharp fluctuations and tendency to swing rapidly in both directions.</li></ul>

DELTA's movement, mixed performance across Asian equity markets, and a fourth consecutive day of net foreign selling continued to influence the SET Index, limiting its gains.Although the index's gains remained limited and selling pressure emerged at higher levels, positive sentiment and momentum remained intact.We recommend buying on dips, given the index's sharp fluctuations and tendency to swing rapidly in both directions.

Krungthai XSpring Technical Eng. August 14, 2026

<ul><li>Despite the absence of fresh negative catalysts and support from lower oil prices, the SET Index fell below 1,600 points as investors awaited the Fed Chair's speech at Jackson Hole.</li><li>Weakness in large-cap stocks pushed the SET Index below support at 1,600 points, which it needs to reclaim quickly.</li><li>We therefore expect the index to trade sideways with an upward bias, as recent selling pressure appears to have been largely absorbed.</li></ul>

Despite the absence of fresh negative catalysts and support from lower oil prices, the SET Index fell below 1,600 points as investors awaited the Fed Chair's speech at Jackson Hole.Weakness in large-cap stocks pushed the SET Index below support at 1,600 points, which it needs to reclaim quickly.We therefore expect the index to trade sideways with an upward bias, as recent selling pressure appears to have been largely absorbed.

Krungthai XSpring Technical Eng. August 31, 2026

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.</li><li>The delisting of stocks from the MSCI indices is expected to have a negative impact.</li><li>We recommend stocks with positive factors: SAWAD, SISB and MC.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.The delisting of stocks from the MSCI indices is expected to have a negative impact.We recommend stocks with positive factors: SAWAD, SISB and MC.

MSCI Quarterly Review to Impact Closing Prices Today

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,406/1,393 points and the resistance at 1,420/1,431 points.</li><li>Japanese and US equity markets will close for Thanksgiving Day (US and Japanese markets are closed on Thursday, and the former will operate with reduced hours on Friday).</li><li>We recommend speculating on commodity stocks, i.e., TOP, PTTGC and PTTEP, which may benefit from good news from the OPEC+ meeting on November 26.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,406/1,393 points and the resistance at 1,420/1,431 points.Japanese and US equity markets will close for Thanksgiving Day (US and Japanese markets are closed on Thursday, and the former will operate with reduced hours on Friday).We recommend speculating on commodity stocks, i.e., TOP, PTTGC and PTTEP, which may benefit from good news from the OPEC+ meeting on November 26.

Equity Bottom-Up

<ul>
<li>CENTEL, PRM, and EPG have met our ranking criteria.</li>
<li>For CENTEL and PRM, this reflects an improvement in their tactical outlooks, while EPG has qualified following upward earnings revisions that brought its earnings growth into our required range.</li>
<li>Gains in non-financial stocks helped lift the portfolio's average return by 0.28%, outperforming the SET (-0.15%).</li>
</ul>


CENTEL, PRM, and EPG have met our ranking criteria.
For CENTEL and PRM, this reflects an improvement in their tactical outlooks, while EPG has qualified following upward earnings revisions that brought its earnings growth into our required range.
Gains in non-financial stocks helped lift the portfolio's average return by 0.28%, outperforming the SET (-0.15%).


KTX Tactical Picks: August 13, 2026 (Eng.)

Canada

Epic Gold Corp. operates as an exploration company. The Company engages in the acquisition and exploration of minerals and precious stones properties. Epic Gold serves customers worldwide.

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

Epic Gold (EPG CN)

Krungthai XSpring Technical Eng. August 14, 2026

DELTA's movement, mixed performance across Asian equity markets, and a fourth consecutive day of net foreign selling continued to influence the...

Krungthai XSpring

Krungthai XSpring Technical Eng. August 31, 2026

Despite the absence of fresh negative catalysts and support from lower oil prices, the SET Index fell below 1,600 points as investors awaited the...

Krungthai XSpring

MSCI Quarterly Review to Impact Closing Prices Today

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,406/1,393 points and the resistance at 1,420/1,431 points. Japanese and US...

Krungthai XSpring

KTX Tactical Picks: August 13, 2026 (Eng.)

CENTEL, PRM, and EPG have met our ranking criteria. For CENTEL and PRM, this reflects an improvement in their tactical outlooks, while EPG has...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)