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 is expected to trade lower with heightened volatility today, with support at 1,521/1,506 and resistance at 1,532/1,550.</li><li>We believe rising tensions in the Middle East will push global markets into risk-off mode, at least in the short term.</li><li>Funds are likely to rotate into safer domestic assets, particularly Thai bonds, before returning to equities once tensions ease.</li></ul>

The SET Index is expected to trade lower with heightened volatility today, with support at 1,521/1,506 and resistance at 1,532/1,550.We believe rising tensions in the Middle East will push global markets into risk-off mode, at least in the short term.Funds are likely to rotate into safer domestic assets, particularly Thai bonds, before returning to equities once tensions ease.

Krungthai XSpring Zoom Eng. March 2, 2026

<ul><li>Asian bourses advanced, while the SET continued to edge higher on expectations of economic stimulus from the new economic team and steady fund inflows.</li><li>The index has moved closer to the key resistance at 1,284, putting it within testing range and raising the potential for a breakout.</li><li>Nevertheless, we expect the index to maintain its upward momentum toward the 1,300-point level. We recommend selective speculation.</li></ul>

Asian bourses advanced, while the SET continued to edge higher on expectations of economic stimulus from the new economic team and steady fund inflows.The index has moved closer to the key resistance at 1,284, putting it within testing range and raising the potential for a breakout.Nevertheless, we expect the index to maintain its upward momentum toward the 1,300-point level. We recommend selective speculation.

Krungthai XSpring Technical Eng. SEPTEMBER 11, 2025

<ul><li>The SET continued to advance, supported by the formation of the new cabinet, which boosted expectations for economic stimulus measures.</li><li>In the short term, the index may continue to trade sideways but it is now approaching resistance at the previous high of 1,284 points.</li><li>Therefore, we recommend selective speculation, as the index is expected to continue rebounding toward the 1,300-point level.</li></ul>

The SET continued to advance, supported by the formation of the new cabinet, which boosted expectations for economic stimulus measures.In the short term, the index may continue to trade sideways but it is now approaching resistance at the previous high of 1,284 points.Therefore, we recommend selective speculation, as the index is expected to continue rebounding toward the 1,300-point level.

Krungthai XSpring Technical Eng. September 10, 2025

<ul><li>President Trump’s threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.</li><li>Although the index tumbled, no negative signals emerged to further weigh on it.</li><li>We recommend selective speculation while expecting the index to show limited downside or move sideways in the near term.</li></ul>

President Trump’s threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.Although the index tumbled, no negative signals emerged to further weigh on it.We recommend selective speculation while expecting the index to show limited downside or move sideways in the near term.

Krungthai XSpring Technical Eng. August 27, 2025

<ul><li>The SET rebounded in line with Asian bourses, boosted by Fed Chair Jerome Powell’s signal of a potential interest rate cut.</li><li>The quick recovery of blue-chip stocks, which had previously declined, strengthened overall market sentiment, as there was no heavy selling pressure to weigh on the index.</li><li>We recommend selective speculation, as the index is expected to continue climbing and stocks are likely to move in a rotation of gains and pullbacks.</li></ul>

The SET rebounded in line with Asian bourses, boosted by Fed Chair Jerome Powell’s signal of a potential interest rate cut.The quick recovery of blue-chip stocks, which had previously declined, strengthened overall market sentiment, as there was no heavy selling pressure to weigh on the index.We recommend selective speculation, as the index is expected to continue climbing and stocks are likely to move in a rotation of gains and pullbacks.

Krungthai XSpring Technical Eng. August 26, 2025

Singapore

PSL Holdings Limited is an investment holding company providing land and marine logistics and support services in Singapore and Indonesia. It engages in construction and infrastructure activities, trading and supply of construction materials, and real estate. The company was incorporated in 1997 and is headquartered in Singapore.

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PSL (PSL SP)

Krungthai XSpring Zoom Eng. March 2, 2026

The SET Index is expected to trade lower with heightened volatility today, with support at 1,521/1,506 and resistance at 1,532/1,550.

Krungthai XSpring

Krungthai XSpring Technical Eng. SEPTEMBER 11, 2025

Asian bourses advanced, while the SET continued to edge higher on expectations of economic stimulus from the new economic team and steady fund...

Krungthai XSpring

Krungthai XSpring Technical Eng. September 10, 2025

The SET continued to advance, supported by the formation of the new cabinet, which boosted expectations for economic stimulus measures.

Krungthai XSpring

Krungthai XSpring Technical Eng. August 27, 2025

President Trump’s threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.

Krungthai XSpring

Krungthai XSpring Technical Eng. August 26, 2025

The SET rebounded in line with Asian bourses, boosted by Fed Chair Jerome Powell’s signal of a potential interest rate cut.

Krungthai XSpring

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