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 surged in line with other Asian bourses, buoyed by expectations of a Fed rate cut and the MPC’s 0.25% policy rate reduction.</li><li>The index rebounded sharply and advanced further, supported by rising RSI and MACD, and remains above all short-term EMA lines.</li><li>We recommend selective speculation as the index continues to advance with the potential to rally towards the 1,300-point level.</li></ul>

The SET surged in line with other Asian bourses, buoyed by expectations of a Fed rate cut and the MPC’s 0.25% policy rate reduction.The index rebounded sharply and advanced further, supported by rising RSI and MACD, and remains above all short-term EMA lines.We recommend selective speculation as the index continues to advance with the potential to rally towards the 1,300-point level.

Krungthai XSpring Technical Eng. August 14, 2025

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.

Technical Analysis

<ul><li>The SET declined in contrast to gains in other Asian bourses, which rebounded on optimism over US-China trade negotiations and support from technology stocks.</li><li>The index dropped quickly, even though the selling pressure wasn't particularly intense.</li><li>We recommend holding cash until there is a clear reversal signal or a positive signal indicating a short-term rebound.</li></ul>

The SET declined in contrast to gains in other Asian bourses, which rebounded on optimism over US-China trade negotiations and support from technology stocks.The index dropped quickly, even though the selling pressure wasn't particularly intense.We recommend holding cash until there is a clear reversal signal or a positive signal indicating a short-term rebound.

<ul><li>The SET and other Asian markets declined as the US imposed higher-than-expected import tariffs, with Thailand facing a 36% rate.</li><li>As long as the index stays above 1,160-1,150 points, the outlook remains constructive.</li><li>However, we recommend selling on strength or holding cash until a clear bullish signal emerges.</li></ul>

The SET and other Asian markets declined as the US imposed higher-than-expected import tariffs, with Thailand facing a 36% rate.As long as the index stays above 1,160-1,150 points, the outlook remains constructive.However, we recommend selling on strength or holding cash until a clear bullish signal emerges.

Recommendation: Sell On Strength Or Hold Cash

Bangkok Dusit Medical Services / Technical Analysis

<ul><li>The TIPs group saw a rebound in the SET, mirroring trends in other Asian bourses.</li><li>The index is gradually approaching the key resistance zone of 1,181-1,187 points, with the MACD trending upward.</li><li>We recommend selling on strength, buying on dips, as the index is expected to test the resistance at 1,181-1,187 points.</li></ul>

The TIPs group saw a rebound in the SET, mirroring trends in other Asian bourses.The index is gradually approaching the key resistance zone of 1,181-1,187 points, with the MACD trending upward.We recommend selling on strength, buying on dips, as the index is expected to test the resistance at 1,181-1,187 points.

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. August 14, 2025

The SET surged in line with other Asian bourses, buoyed by expectations of a Fed rate cut and the MPC’s 0.25% policy rate reduction.

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: Hold Cash

The SET declined in contrast to gains in other Asian bourses, which rebounded on optimism over US-China trade negotiations and support from...

Krungthai XSpring

Recommendation: Sell On Strength Or Hold Cash

The SET and other Asian markets declined as the US imposed higher-than-expected import tariffs, with Thailand facing a 36% rate. As long as the...

Krungthai XSpring

Technical Analysis

The TIPs group saw a rebound in the SET, mirroring trends in other Asian bourses. The index is gradually approaching the key resistance zone of...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)