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.

Equity Bottom-Up

<ul>
<li>PLANB has fallen out of our ranking criteria, with a holding-period return of -1.8%.</li>
<li>COM7 and KKP have been added to the portfolio as replacements.</li>
<li>Selling in HANA, PLANB and PTTGC limited the portfolio's return to +0.27%, underperforming the SET (+0.47%).</li>
</ul>


PLANB has fallen out of our ranking criteria, with a holding-period return of -1.8%.
COM7 and KKP have been added to the portfolio as replacements.
Selling in HANA, PLANB and PTTGC limited the portfolio's return to +0.27%, underperforming the SET (+0.47%).


KTX Tactical Picks - September 18, 2026 (Eng.)

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: five stocks remain, nine new join the fray</li>
<li>Since inception, it has gained 141% versus the SET 100 Index’s return of 67%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: five stocks remain, nine new join the fray
Since inception, it has gained 141% versus the SET 100 Index’s return of 67%


The Stocks to Own in Thailand – Vol. 54

<ul><li>The Thai equity market has the potential to retest the 1,600 level, in line with gains across global markets (NASDAQ +1.5%, NIKKEI +0.5%, and TAIEX +1.5%).</li><li>The Cabinet has extended the reduction in property transfer and mortgage registration fees to 0.01% through June 30, 2027, covering residential properties priced at up to Bt7mn.</li><li>PLANB has become a major shareholder of COM7 (TP: Bt31) after investing Bt7.2bn to acquire an 11% stake.</li></ul>

The Thai equity market has the potential to retest the 1,600 level, in line with gains across global markets (NASDAQ +1.5%, NIKKEI +0.5%, and TAIEX +1.5%).The Cabinet has extended the reduction in property transfer and mortgage registration fees to 0.01% through June 30, 2027, covering residential properties priced at up to Bt7mn.PLANB has become a major shareholder of COM7 (TP: Bt31) after investing Bt7.2bn to acquire an 11% stake.

<ul><li>The summit between the Chinese and US leaders begins today, with trade and advanced technology expected to be the key negotiation topics.</li><li>The “BOI Fast Pass” measure supported FDI investment value growth of 18% YoY to Bt260bn in 1Q26.</li><li>The MPC viewed that further policy rate cuts would increase inflation risks, implying that the scope for additional rate reductions is fairly limited.</li></ul>

The summit between the Chinese and US leaders begins today, with trade and advanced technology expected to be the key negotiation topics.The “BOI Fast Pass” measure supported FDI investment value growth of 18% YoY to Bt260bn in 1Q26.The MPC viewed that further policy rate cuts would increase inflation risks, implying that the scope for additional rate reductions is fairly limited.

<ul><li>The SET Index is expected to trade sideways today, with resistance at 1,425/1,440 points and support at 1,406/1,387 points.</li><li>US equities were volatile but eventually closed in negative territory (S&amp;P 500 -0.33%, NASDAQ -0.59%).</li><li>MSCI announced its quarterly index review. For the MSCI Global Small Cap Index, there were no additions, while one stock was removed: CPAXT.</li></ul>

The SET Index is expected to trade sideways today, with resistance at 1,425/1,440 points and support at 1,406/1,387 points.US equities were volatile but eventually closed in negative territory (S&amp;P 500 -0.33%, NASDAQ -0.59%).MSCI announced its quarterly index review. For the MSCI Global Small Cap Index, there were no additions, while one stock was removed: CPAXT.

Krungthai XSpring Zoom Eng. February 11, 2026

Thailand

Plan B Media Public Company Limited is a leading provider of out-of-home advertising services in Thailand, offering diverse media platforms including transit, classic, digital, retail, and airport media. The company also engages in engagement marketing, encompassing sports marketing and artist management. Plan B Media was established in 2005 and is headquartered in Bangkok, Thailand.

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Plan B Media (PLANB TB)

KTX Tactical Picks - September 18, 2026 (Eng.)

PLANB has fallen out of our ranking criteria, with a holding-period return of -1.8%. COM7 and KKP have been added to the portfolio as...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 54

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: five stocks remain, nine new join...

A. Stotz Investment Research

Krungthai XSpring Zoom Eng. July 1, 2026

The Thai equity market has the potential to retest the 1,600 level, in line with gains across global markets (NASDAQ +1.5%, NIKKEI +0.5%, and TAIEX...

Krungthai XSpring

Krungthai XSpring Zoom Eng. May 14, 2026

The summit between the Chinese and US leaders begins today, with trade and advanced technology expected to be the key negotiation topics.

Krungthai XSpring

Krungthai XSpring Zoom Eng. February 11, 2026

MSCI announced its quarterly index review. For the MSCI Global Small Cap Index, there were no additions, while one stock was removed: CPAXT.

Krungthai XSpring

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