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 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%.

<ul><li>The SET declined in line with Asian bourses, facing immediate selling pressure due to concerns over trade wars, upcoming reciprocal tariffs, and expiring futures contracts.</li><li>Initially, the index appeared to stand above the support at 1,180 points, but a sudden earthquake triggered a sharp selloff, dragging down stocks in the electronics, petrol and hospital sectors.</li><li>Ultimately, the index fell 0.94% from the previous week.</li></ul>

The SET declined in line with Asian bourses, facing immediate selling pressure due to concerns over trade wars, upcoming reciprocal tariffs, and expiring futures contracts.Initially, the index appeared to stand above the support at 1,180 points, but a sudden earthquake triggered a sharp selloff, dragging down stocks in the electronics, petrol and hospital sectors.Ultimately, the index fell 0.94% from the previous week.

<ul><li>The announcement of a 25% tariff on imported cars by the US, coupled with concerns over reciprocal tariffs, led to subdued trading sentiment.</li><li>As a result, the SET struggled to maintain its rebound. However, the index traded sideways within a narrow range, supported by gains in ADVANC, PTTEP, banking shares, and Chinese DR stocks, which mirrored the Hang Seng's rebound.</li><li>Meanwhile, foreign investors turned net buyers.</li></ul>

The announcement of a 25% tariff on imported cars by the US, coupled with concerns over reciprocal tariffs, led to subdued trading sentiment.As a result, the SET struggled to maintain its rebound. However, the index traded sideways within a narrow range, supported by gains in ADVANC, PTTEP, banking shares, and Chinese DR stocks, which mirrored the Hang Seng's rebound.Meanwhile, foreign investors turned net buyers.

<ul><li>The rebound in Asian bourses, combined with the absence of negative factors, allowed the SET to recover quickly and remain in positive territory throughout the day.</li><li>The gains in DELTA, HMPRO, and banking stocks provided support, despite cautious trading sentiment driven by concerns over reciprocal tariffs, as reflected in the low trading volume.</li><li>Meanwhile, foreign investors continued to sell.</li></ul>

The rebound in Asian bourses, combined with the absence of negative factors, allowed the SET to recover quickly and remain in positive territory throughout the day.The gains in DELTA, HMPRO, and banking stocks provided support, despite cautious trading sentiment driven by concerns over reciprocal tariffs, as reflected in the low trading volume.Meanwhile, foreign investors continued to sell.

<ul><li>Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving strong gains in China-related stocks like SCC, PTTGC, and IVL, along with a recovery in the PTT Group.</li><li>In addition, electronic stocks saw slight gains.</li><li>These factors contributed to a sharp rally in the SET. However, low trading volume and a 2.35% weekly decline reflected market caution.</li></ul>

Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving strong gains in China-related stocks like SCC, PTTGC, and IVL, along with a recovery in the PTT Group.In addition, electronic stocks saw slight gains.These factors contributed to a sharp rally in the SET. However, low trading volume and a 2.35% weekly decline reflected market caution.

Thailand

Precious Shipping is a Thailand-based ship-owner providing global dry-bulk transportation services. The company operates dry bulk ships on a tramp shipping basis, employing its vessels on both time and voyage charters, and handles cargoes such as cement, agricultural products, steel, fertilizers, ores, coal, and logs. It was founded in 1989 and is headquartered in Bangkok, Thailand.

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Precious Shipping (PSL TB)

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

Technical Analysis - MARCH 31, 2025

The SET declined in line with Asian bourses, facing immediate selling pressure due to concerns over trade wars, upcoming reciprocal tariffs, and...

Krungthai XSpring

Technical Analysis - MARCH 28, 2025

The announcement of a 25% tariff on imported cars by the US, coupled with concerns over reciprocal tariffs, led to subdued trading sentiment.

Krungthai XSpring

Technical Analysis - MARCH 27, 2025

The rebound in Asian bourses, combined with the absence of negative factors, allowed the SET to recover quickly and remain in positive territory...

Krungthai XSpring

Technical Analysis - MARCH 17, 2025

Despite concerns over Trump-era tariffs and trade wars, expectations of China’s economic stimulus measures lifted the Hang Seng Index, driving...

Krungthai XSpring

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