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>Today's SET Index is expected to move sideways down, with the support levels at 1,127 and 1,114 points and the resistance levels at 1,144 and 1,150 points.</li><li>The positive momentum from international markets may not be enough to ease concerns over domestic risks.</li><li>From a technical perspective, the market is still awaiting a new buy signal, which could be triggered either by holding the key support at 1,114 points or breaking above 1,144 points. </li></ul>

Today's SET Index is expected to move sideways down, with the support levels at 1,127 and 1,114 points and the resistance levels at 1,144 and 1,150 points.The positive momentum from international markets may not be enough to ease concerns over domestic risks.From a technical perspective, the market is still awaiting a new buy signal, which could be triggered either by holding the key support at 1,114 points or breaking above 1,144 points. 

KTX Zoom: Follow Developments in US-China Trade Talks Today - JUNE 9, 2025

<ul><li>The SET Index is expected to weaken, with the support levels at 1,127/1,114 points and the resistance at 1,144/1,150 points.</li><li>Technically, no buy signal has emerged yet, as the index continued to decline yesterday and broke below the key support level of 1,144 points.</li><li>As a result, the main entry point for the next rebound has been revised down to 1,114 points. </li></ul>

The SET Index is expected to weaken, with the support levels at 1,127/1,114 points and the resistance at 1,144/1,150 points.Technically, no buy signal has emerged yet, as the index continued to decline yesterday and broke below the key support level of 1,144 points.As a result, the main entry point for the next rebound has been revised down to 1,114 points. 

<ul><li>The US Court of International Trade issued an order suspending the implementation of Trump’s reciprocal tariffs, stating that imposing global tariffs under the International Emergency Economic Powers Act (IEEPA) exceeds the president’s authority.</li><li>The court determined that the administration’s plan to use tariff revenues to finance extended corporate tax cuts falls outside the legal scope of the IEEPA.</li><li>As a result, the ruling negatively impacts federal revenue collection (Figure 1) and contributes to a growing fiscal deficit. </li></ul>

The US Court of International Trade issued an order suspending the implementation of Trump’s reciprocal tariffs, stating that imposing global tariffs under the International Emergency Economic Powers Act (IEEPA) exceeds the president’s authority.The court determined that the administration’s plan to use tariff revenues to finance extended corporate tax cuts falls outside the legal scope of the IEEPA.As a result, the ruling negatively impacts federal revenue collection (Figure 1) and contributes to a growing fiscal deficit. 

KTX Ahead: Supply Shortage Has Emerged in the US -  June 4, 2025

<ul><li>The SET Index is expected to rebound, with the support levels at 1,144 and 1,136 points and the resistance at 1,160 and 1,165 points.</li><li>Technically, a buy signal may emerge if the index holds above the key support level of 1,144 points.</li><li>On the external front, the environment remains neutral. Although President Trump announced an increase in tariffs on steel and aluminum from 25% to 50% effective June 4, the US has postponed the tariff hike on Chinese goods under Section 301 from May 31 to August 31. </li></ul>

The SET Index is expected to rebound, with the support levels at 1,144 and 1,136 points and the resistance at 1,160 and 1,165 points.Technically, a buy signal may emerge if the index holds above the key support level of 1,144 points.On the external front, the environment remains neutral. Although President Trump announced an increase in tariffs on steel and aluminum from 25% to 50% effective June 4, the US has postponed the tariff hike on Chinese goods under Section 301 from May 31 to August 31. 

KTX Zoom - Anticipating a Rebound: Thailand’s Economy May Not Be as Bad as Feared

<ul><li>The SET Index faced pressure from a temporary suspension of the US International Trade Court tariff ruling by the US Federal Appeals Court.</li><li>Combined with the impact of the MSCI rebalancing and the upcoming long holiday, this led the index to trade in negative territory throughout the day.</li><li>Selling pressure in large-cap stocks, particularly DELTA, ADVANC, and CPALL, pulled the index below the 1,150-point level, resulting in a weekly decline of 2.31%.</li></ul>

The SET Index faced pressure from a temporary suspension of the US International Trade Court tariff ruling by the US Federal Appeals Court.Combined with the impact of the MSCI rebalancing and the upcoming long holiday, this led the index to trade in negative territory throughout the day.Selling pressure in large-cap stocks, particularly DELTA, ADVANC, and CPALL, pulled the index below the 1,150-point level, resulting in a weekly decline of 2.31%.

Thailand

Muangthai Capital Public Company Limited operates as a commercial lending company. The Company provides car title, personal, agricultural vehicle, land title, and other loan products. Muangthai Capital serves customers in Thailand.

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Muangthai Capital (MTC TB)

KTX Zoom: Follow Developments in US-China Trade Talks Today - JUNE 9, 2025

Today's SET Index is expected to move sideways down, with the support levels at 1,127 and 1,114 points and the resistance levels at 1,144 and 1,150...

Krungthai XSpring

KTX Zoom - JUNE 5, 2025

The SET Index is expected to weaken, with the support levels at 1,127/1,114 points and the resistance at 1,144/1,150 points. Technically, no buy...

Krungthai XSpring

KTX Ahead: Supply Shortage Has Emerged in the US - June 4, 2025

Despite this, ongoing uncertainty around the reciprocal tariff policy continues to pressure US manufacturers to stockpile goods in anticipation of...

Krungthai XSpring

KTX Zoom - Anticipating a Rebound: Thailand’s Economy May Not Be as Bad as Feared

The SET Index is expected to rebound, with the support levels at 1,144 and 1,136 points and the resistance at 1,160 and 1,165 points.

Krungthai XSpring

Technical Analysis - JUNE 4, 2025

The SET Index faced pressure from a temporary suspension of the US International Trade Court tariff ruling by the US Federal Appeals Court.

Krungthai XSpring

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