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

Hana Microelectronics / Technical Analysis

<ul><li>Asian markets closed lower, except Tokyo, as investors remained cautious amid rising oil prices and US Treasury yields while awaiting US inflation data.</li><li>The index fell for a second consecutive session, but losses remained limited.</li><li>We recommend buying on dips and selling into strength.</li></ul>

Asian markets closed lower, except Tokyo, as investors remained cautious amid rising oil prices and US Treasury yields while awaiting US inflation data.The index fell for a second consecutive session, but losses remained limited.We recommend buying on dips and selling into strength.

Krungthai XSpring Technical Eng. - September 11, 2026

<ul>
<li>The SET Index surged back above 1,600 points, supported by gains in the Tokyo, Taiwan, and South Korean markets despite persistent tensions in the Middle East and concerns over US interest rates.</li>
<li>The recovery above 1,600 points has strengthened bullish momentum.</li>
<li>We recommend buying on dips and selling into strength.</li>
</ul>


The SET Index surged back above 1,600 points, supported by gains in the Tokyo, Taiwan, and South Korean markets despite persistent tensions in the Middle East and concerns over US interest rates.
The recovery above 1,600 points has strengthened bullish momentum.
We recommend buying on dips and selling into strength.


Krungthai XSpring Technical Eng. - September 8, 2026

Cross Asset Strategy

<ul>
<li>KTX expects the SET to trade within 1,549–1,600.</li>
<li>Uncertainty over the Fed's rate outlook may keep the index volatile early in the month.</li>
<li>A recovery could follow the release of the Fed minutes and gain momentum as Thailand hosts the IMF-World Bank meetings.</li>
</ul>


KTX expects the SET to trade within 1,549–1,600.
Uncertainty over the Fed's rate outlook may keep the index volatile early in the month.
A recovery could follow the release of the Fed minutes and gain momentum as Thailand hosts the IMF-World Bank meetings.


Market Volatility to Persist in October 2026, But Recovery Prospects Improve

<ul>
<li>(+)The CME FedWatch Tool shows a 22.1% probability of an October Fed rate hike, down from 64.2% the previous week, following weaker-than-expected US jobs data.</li>
<li>(-) Brent crude holds above USD100/bbl despite the G7 agreeing to release emergency oil reserves, as Middle East tensions persist.</li>
<li>(+) The government is seeking Bt75bn in loan funding for the "Solar for the People" program, offering Bt50,000 per household to cover 1.5mn homes.</li>
</ul>


(+)The CME FedWatch Tool shows a 22.1% probability of an October Fed rate hike, down from 64.2% the previous week, following weaker-than-expected US jobs data.
(-) Brent crude holds above USD100/bbl despite the G7 agreeing to release emergency oil reserves, as Middle East tensions persist.
(+) The government is seeking Bt75bn in loan funding for the "Solar for the People" program, offering Bt50,000 per household to cover 1.5mn homes.


<ul><li>Despite support from NVIDIA's strong earnings and lower oil prices, the SET Index maintained its familiar trading pattern—rallying in early trade before retreating.</li><li>We therefore continue to recommend buying on weakness, as we expect downside risk to remain limited.</li><li>With the index trading near the BB Bottom, it still has room to rebound.</li></ul>

Despite support from NVIDIA's strong earnings and lower oil prices, the SET Index maintained its familiar trading pattern—rallying in early trade before retreating.We therefore continue to recommend buying on weakness, as we expect downside risk to remain limited.With the index trading near the BB Bottom, it still has room to rebound.

Krungthai XSpring Technical Eng. August 28, 2026

Thailand

Hana Microelectronics engages in the manufacture and trading of electronic components, providing printed circuit board assemblies, integrated circuit assemblies and tests, and LED packaging and test services. It also offers electronics manufacturing and outsourced semiconductor assembly and testing services for various components. The company was founded in 1978 and is headquartered in Bangkok, Thailand.

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Hana Microelectronics (HANA TB)

Krungthai XSpring Technical Eng. - September 11, 2026

Asian markets closed lower, except Tokyo, as investors remained cautious amid rising oil prices and US Treasury yields while awaiting US inflation...

Krungthai XSpring

Krungthai XSpring Technical Eng. - September 8, 2026

The SET Index surged back above 1,600 points, supported by gains in the Tokyo, Taiwan, and South Korean markets despite persistent tensions in the...

Krungthai XSpring

Market Volatility to Persist in October 2026, But Recovery Prospects Improve

KTX expects the SET to trade within 1,549–1,600. Uncertainty over the Fed's rate outlook may keep the index volatile early in the month. A...

Krungthai XSpring

SET Index Outlook

(+)The CME FedWatch Tool shows a 22.1% probability of an October Fed rate hike, down from 64.2% the previous week, following weaker-than-expected...

Krungthai XSpring

Krungthai XSpring Technical Eng. August 28, 2026

Despite support from NVIDIA's strong earnings and lower oil prices, the SET Index maintained its familiar trading pattern—rallying in early trade...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)