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>President Trump's threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.</li><li>The index also faced added pressure from the MSCI rebalancing, fund outflows (with foreign investors selling for nine consecutive days) and political uncertainties.</li><li>We recommend selective speculation while expecting the index to show limited downside or move sideways in the near term.</li></ul>

President Trump's threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.The index also faced added pressure from the MSCI rebalancing, fund outflows (with foreign investors selling for nine consecutive days) and political uncertainties.We recommend selective speculation while expecting the index to show limited downside or move sideways in the near term.

Equity Bottom-Up

<ul><li>(+) Easing US Treasury yields and crude oil prices are supporting risk appetite.</li><li>(+) The baht is strengthening toward Bt33/USD amid foreign fund inflows, supporting BBL, KTB, PTTGC and WHA.</li><li>(+) The Cabinet is expected to consider extending the “Thai Chuai Thai Plus" scheme by two months today.</li></ul>

(+) Easing US Treasury yields and crude oil prices are supporting risk appetite.(+) The baht is strengthening toward Bt33/USD amid foreign fund inflows, supporting BBL, KTB, PTTGC and WHA.(+) The Cabinet is expected to consider extending the “Thai Chuai Thai Plus" scheme by two months today.

<ul><li>The market lacked new catalysts but remained under pressure from concerns over trade negotiations between Thailand and the U.S.</li><li>Nonetheless, the SET continued its rally, with several consecutive sessions marked by strong afternoon gains.</li><li>We maintain our recommendation to selectively trade individual stocks for short-term gains and suggest closely monitoring the movements of leading blue-chip stocks that have been driving the market.</li></ul>

The market lacked new catalysts but remained under pressure from concerns over trade negotiations between Thailand and the U.S.Nonetheless, the SET continued its rally, with several consecutive sessions marked by strong afternoon gains.We maintain our recommendation to selectively trade individual stocks for short-term gains and suggest closely monitoring the movements of leading blue-chip stocks that have been driving the market.

<ul>
<li>PLANB has fallen out of our ranking criteria, with a holding-period return of -1.8%.</li>
<li>COM7 and KKP have been added to the portfolio as replacements.</li>
<li>Selling in HANA, PLANB and PTTGC limited the portfolio's return to +0.27%, underperforming the SET (+0.47%).</li>
</ul>


PLANB has fallen out of our ranking criteria, with a holding-period return of -1.8%.
COM7 and KKP have been added to the portfolio as replacements.
Selling in HANA, PLANB and PTTGC limited the portfolio's return to +0.27%, underperforming the SET (+0.47%).


KTX Tactical Picks - September 18, 2026 (Eng.)

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262 points.</li><li>In the medium term, the index remains in a downtrend within a rounding-top pattern, within a range of 1,220-1,506 points.</li><li>Investment strategy: Sell on strength until a new technical buy signal emerges.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262 points.In the medium term, the index remains in a downtrend within a rounding-top pattern, within a range of 1,220-1,506 points.Investment strategy: Sell on strength until a new technical buy signal emerges.

South Korea

Hana Materials Inc. produces products for semiconductor components industry. The Company manufactures silicon ring and silicon cathode for Dry Etchers used in semiconductors. Hana Materials 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

Hana Materials Inc (166090 KS)

Recommendation: Selective Speculation

President Trump's threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower. The index also faced...

Krungthai XSpring

SET Index Outlook

(+) Easing US Treasury yields and crude oil prices are supporting risk appetite. (+) The baht is strengthening toward Bt33/USD amid foreign fund...

Krungthai XSpring

Recommendation: Selective Speculation

The market lacked new catalysts but remained under pressure from concerns over trade negotiations between Thailand and the U.S. Nonetheless, the...

Krungthai XSpring

KTX Tactical Picks - September 18, 2026 (Eng.)

PLANB has fallen out of our ranking criteria, with a holding-period return of -1.8%. COM7 and KKP have been added to the portfolio as...

Krungthai XSpring

World Market Summary

Technically, the SET Index is expected to move sideways up, with the resistance at 1,290/1,295 points (10-day EMA) and the support at 1,270/1,262...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)