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 issue of bad debts among US regional banks pressured Asian markets, which were already weighed down by renewed concerns over a US–China trade war.</li><li>Despite the steep decline, trading volume remained light, and the index continued to move sideways.</li><li>Consequently, the downside appears limited, presenting an opportunity for accumulation. We therefore recommend buying on dips.</li></ul>

The issue of bad debts among US regional banks pressured Asian markets, which were already weighed down by renewed concerns over a US–China trade war.Despite the steep decline, trading volume remained light, and the index continued to move sideways.Consequently, the downside appears limited, presenting an opportunity for accumulation. We therefore recommend buying on dips.

Krungthai XSpring Technical Eng. October 20, 2025

<ul><li>The SET not only rebounded strongly but also recovered all of yesterday’s losses, supported by expectations of new economic stimulus measures, speculation over 3Q25 bank earnings, and optimism that the Fed will cut interest rates.</li><li>These factors spurred broad-based buying across banking, commerce, energy, finance, transportation, and tourism stocks, while DELTA posted a sharp rally.</li><li>As a result, the index climbed back above 1,280 points, accompanied by renewed foreign investor buying.</li></ul>

The SET not only rebounded strongly but also recovered all of yesterday’s losses, supported by expectations of new economic stimulus measures, speculation over 3Q25 bank earnings, and optimism that the Fed will cut interest rates.These factors spurred broad-based buying across banking, commerce, energy, finance, transportation, and tourism stocks, while DELTA posted a sharp rally.As a result, the index climbed back above 1,280 points, accompanied by renewed foreign investor buying.

Krungthai XSpring Technical Eng. October 16, 2025

<ul><li>The SET opened with a rebound ahead of the MPC meeting, supported by gains in DELTA and BAM.</li><li>We believe the index’s upward momentum is not yet over and expect it to hold above the 1,300-point level.</li><li>Meanwhile, blue-chip stocks have taken the lead, supported by strength in the banking sector.</li></ul>

The SET opened with a rebound ahead of the MPC meeting, supported by gains in DELTA and BAM.We believe the index’s upward momentum is not yet over and expect it to hold above the 1,300-point level.Meanwhile, blue-chip stocks have taken the lead, supported by strength in the banking sector.

Krungthai XSpring Technical Eng. October 9, 2025

<ul><li>The SET rebounded sharply as DELTA, HANA, and KCE rallied in line with the Nasdaq’s gains.</li><li>The index successfully broke above the 1,300-point resistance without showing signs of an immediate pullback.</li><li>We therefore continue to recommend selective speculation, as the index appears poised for further gains and remains far from the overbought zone.</li></ul>

The SET rebounded sharply as DELTA, HANA, and KCE rallied in line with the Nasdaq’s gains.The index successfully broke above the 1,300-point resistance without showing signs of an immediate pullback.We therefore continue to recommend selective speculation, as the index appears poised for further gains and remains far from the overbought zone.

Krungthai XSpring Technical Eng. October 8, 2025

<ul><li>The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.</li><li>Market sentiment remains positive, as selling volume has not increased significantly.</li><li>We recommend selective speculation, as we believe the index is currently in a short-term consolidation phase before a potential rebound.</li></ul>

The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.Market sentiment remains positive, as selling volume has not increased significantly.We recommend selective speculation, as we believe the index is currently in a short-term consolidation phase before a potential rebound.

Krungthai XSpring Technical Eng. October 7, 2025

South Korea

KTBnetwork Co. Ltd. provides venture capital services. The Company specializes in private equity, corporate restructurings, mergers, acquisitions, divestitures, and cross-border transactions. KTBnetwork serves clients worldwide.

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KTB Network (298870 KS)

Krungthai XSpring Technical Eng. October 20, 2025

The issue of bad debts among US regional banks pressured Asian markets, which were already weighed down by renewed concerns over a US–China trade war.

Krungthai XSpring

Krungthai XSpring Technical Eng. October 16, 2025

These factors spurred broad-based buying across banking, commerce, energy, finance, transportation, and tourism stocks, while DELTA posted a sharp...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 9, 2025

The SET opened with a rebound ahead of the MPC meeting, supported by gains in DELTA and BAM.We believe the index’s upward momentum is not yet over...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 8, 2025

The SET rebounded sharply as DELTA, HANA, and KCE rallied in line with the Nasdaq’s gains.The index successfully broke above the 1,300-point...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 7, 2025

The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.

Krungthai XSpring

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