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>Although Asian bourses traded mixed, the SET climbed strongly, quickly reaching 1,278.63 points as buying interest flowed into blue-chip stocks despite the lack of new positive catalysts.</li><li>The index stayed firmly above the 1,250–1,230 support zone and began to rebound.</li><li>However, as trading volume remains light and the rebound still requires clearer positive confirmation, we recommend buying on dips and selling on rises.</li></ul>

Although Asian bourses traded mixed, the SET climbed strongly, quickly reaching 1,278.63 points as buying interest flowed into blue-chip stocks despite the lack of new positive catalysts.The index stayed firmly above the 1,250–1,230 support zone and began to rebound.However, as trading volume remains light and the rebound still requires clearer positive confirmation, we recommend buying on dips and selling on rises.

Krungthai XSpring Technical Eng. December 2, 2025

<ul><li>The SET continued to trade in a volatile, narrow range, repeating its persistently light volume and a lack of new catalysts.</li><li>The index managed to hold just above the 1,250–1,230 support zone, with no clear positive signals to trigger a meaningful rebound.</li><li>Nevertheless, we continue to recommend a “buy on dips, sell on rebounds” strategy, as trading volume remains thin and the index is still waiting for clear positive signals to drive a stronger move higher.</li></ul>

The SET continued to trade in a volatile, narrow range, repeating its persistently light volume and a lack of new catalysts.The index managed to hold just above the 1,250–1,230 support zone, with no clear positive signals to trigger a meaningful rebound.Nevertheless, we continue to recommend a “buy on dips, sell on rebounds” strategy, as trading volume remains thin and the index is still waiting for clear positive signals to drive a stronger move higher.

Krungthai XSpring Technical Eng. December 1, 2025

<ul><li>SET Index today is expected to fluctuate with a slight downward bias.</li><li>Foreign investors switched to net selling Thai stocks yesterday, totaling THB 874 million.</li><li>Monitor the Bank of Thailand’s (BOT) October monthly economic report.</li></ul>

SET Index today is expected to fluctuate with a slight downward bias.Foreign investors switched to net selling Thai stocks yesterday, totaling THB 874 million.Monitor the Bank of Thailand’s (BOT) October monthly economic report.

Krungthai XSpring Zoom Eng. November 28, 2025

Equity Bottom-Up

<ul><li>The company’s Board of Directors has approved a share repurchase program with a total budget of up to Bt3.8bn over a three-year period (starting late 2025–28).</li><li>We view the share buyback program positively.</li><li>We maintain our Buy rating (FV Bt43.00), supported by a resilient and well-diversified business portfolio.</li></ul>

The company’s Board of Directors has approved a share repurchase program with a total budget of up to Bt3.8bn over a three-year period (starting late 2025–28).We view the share buyback program positively.We maintain our Buy rating (FV Bt43.00), supported by a resilient and well-diversified business portfolio.

Bangchak Corporation Plc.: Announcement of a Three-Year Share Repurchase Program

<ul><li>The SET Index today is expected to have some recovery, with resistance at 1,275 / 1,285 points and support at 1,260 / 1,250 points.</li><li>Although the sentiment from abroad remains positive and foreign fund flows continue to come in, it is advisable to exercise more caution in investing as fund flows tend to weaken.</li><li>The outlook is neutral, as the situation regarding flooding in the southern region appears to be easing, which may help reduce market concerns.</li></ul>

The SET Index today is expected to have some recovery, with resistance at 1,275 / 1,285 points and support at 1,260 / 1,250 points.Although the sentiment from abroad remains positive and foreign fund flows continue to come in, it is advisable to exercise more caution in investing as fund flows tend to weaken.The outlook is neutral, as the situation regarding flooding in the southern region appears to be easing, which may help reduce market concerns.

Krungthai Xspring Zoom Eng. November 27, 2025

Thailand

Ngern Tid Lor Public Company Limited operates as a microfinance company. The Company offers auto finance and insurance products and services. Ngern Tid Lor serves customers in Thailand.

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Ngern Tid Lor (NTL TB)

Krungthai XSpring Technical Eng. December 2, 2025

Although Asian bourses traded mixed, the SET climbed strongly, quickly reaching 1,278.63 points as buying interest flowed into blue-chip stocks...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 1, 2025

The index managed to hold just above the 1,250–1,230 support zone, with no clear positive signals to trigger a meaningful rebound.

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 28, 2025

SET Index today is expected to fluctuate with a slight downward bias. Foreign investors switched to net selling Thai stocks yesterday, totaling THB...

Krungthai XSpring

Krungthai Xspring Zoom Eng. November 27, 2025

The SET Index today is expected to have some recovery, with resistance at 1,275 / 1,285 points and support at 1,260 / 1,250 points.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Krungthai XSpring Technical Eng. December 2, 2025

Although Asian bourses traded mixed, the SET climbed strongly, quickly reaching 1,278.63 points as buying interest flowed into blue-chip stocks...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 1, 2025

The index managed to hold just above the 1,250–1,230 support zone, with no clear positive signals to trigger a meaningful rebound.

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 28, 2025

SET Index today is expected to fluctuate with a slight downward bias. Foreign investors switched to net selling Thai stocks yesterday, totaling THB...

Krungthai XSpring

Bangchak Corporation Plc.: Announcement of a Three-Year Share Repurchase Program

The company’s Board of Directors has approved a share repurchase program with a total budget of up to Bt3.8bn over a three-year period (starting...

Krungthai XSpring

Krungthai Xspring Zoom Eng. November 27, 2025

The SET Index today is expected to have some recovery, with resistance at 1,275 / 1,285 points and support at 1,260 / 1,250 points.

Krungthai XSpring