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.

Cross Asset Strategy

<ul><li>The US 10-year Treasury yield rose to 5.23% amid inflation concerns and pressure from Treasury auctions, weighing on risk assets.</li><li>Brent crude remained near USD100/bbl as US-Iran talks remained inconclusive.</li><li>Foreign tourist arrivals in Thailand rose 4.00% WoW last week, led by Chinese visitors.</li></ul>

The US 10-year Treasury yield rose to 5.23% amid inflation concerns and pressure from Treasury auctions, weighing on risk assets.Brent crude remained near USD100/bbl as US-Iran talks remained inconclusive.Foreign tourist arrivals in Thailand rose 4.00% WoW last week, led by Chinese visitors.

Technical Analysis

PTT Exploration & Production / Technical Analysis

<ul><li>Market sentiment and momentum remain constructive despite persistent volatility.</li><li>We therefore continue to recommend buying on weakness, with a focus on domestic plays and laggard stocks.</li><li>A breakout above this level would confirm the start of a new uptrend and reinforce the ongoing recovery.</li></ul>

Market sentiment and momentum remain constructive despite persistent volatility.We therefore continue to recommend buying on weakness, with a focus on domestic plays and laggard stocks.A breakout above this level would confirm the start of a new uptrend and reinforce the ongoing recovery.

Krungthai XSpring Technical Eng. July 15, 2026

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Thematic (Sector/Industry)

<ul>
<li>Oil is likely to be the next commodity to join the party </li>
<li>We see an asymmetric opportunity in the oil and gas sector</li>
<li>We introduce a basket of Asian oil and gas E&amp;P stocks to take advantage of the opportunity </li>
</ul>


Oil is likely to be the next commodity to join the party 
We see an asymmetric opportunity in the oil and gas sector
We introduce a basket of Asian oil and gas E&amp;P stocks to take advantage of the opportunity 


High Conviction Idea: Oil Is the New Gold!

Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<ul>
<li>Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 1,400+ insights shared on Smartkarma.</li>
<li>In this cut, we look at where value remains in a difficult year for luxury, review momentum in offshore services, and assess two sides of the insurance sector. </li>
<li>Want to dig deeper? Comment or message with the themes you'd like to see highlighted next.</li>
</ul>


Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 1,400+ insights shared on Smartkarma.
In this cut, we look at where value remains in a difficult year for luxury, review momentum in offshore services, and assess two sides of the insurance sector. 
Want to dig deeper? Comment or message with the themes you'd like to see highlighted next.


Curator's Cut: Luxury Losing Lustre, Offshore Revived & Insurance's Two Sides

<ul><li>Most Asian equity markets declined as continued weakness in the technology and semiconductor sectors weighed on investor sentiment.</li><li>The SET Index briefly fell to an intraday low of 1,594.69 before rebounding to reclaim the 1,600 level.</li><li>We therefore continue to recommend a selective buying strategy, using market weakness as an opportunity to accumulate quality stocks, as the broader uptrend remains intact.</li></ul>

Most Asian equity markets declined as continued weakness in the technology and semiconductor sectors weighed on investor sentiment.The SET Index briefly fell to an intraday low of 1,594.69 before rebounding to reclaim the 1,600 level.We therefore continue to recommend a selective buying strategy, using market weakness as an opportunity to accumulate quality stocks, as the broader uptrend remains intact.

Krungthai XSpring Technical Eng. July 8, 2026

Thailand

PTT Exploration & Production is a national petroleum exploration and production company engaged in the exploration, development, and production of oil and gas both domestically and internationally. The company also invests in renewable energy and related activities, aiming for sustainable growth and a low-carbon future. It is headquartered in Bangkok, Thailand, and was founded on June 20, 1985.

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PTT Exploration & Production (PTTEP TB)

SET Index Outlook

The US 10-year Treasury yield rose to 5.23% amid inflation concerns and pressure from Treasury auctions, weighing on risk assets. Brent crude...

Krungthai XSpring

Krungthai XSpring Technical Eng. July 15, 2026

Market sentiment and momentum remain constructive despite persistent volatility. We therefore continue to recommend buying on weakness, with a...

Krungthai XSpring

High Conviction Idea: Oil Is the New Gold!

We would be looking to trim SOME OIL and GAS stock exposure this week as the spot price rises. This would be to buy more in the inevitable...

Rikki Malik

Curator's Cut: Luxury Losing Lustre, Offshore Revived & Insurance's Two Sides

In this Curator's Cut, we survey luxury's retreat, revisit offshore services, and assess differing drivers in insurance from policy headwinds to...

Pranav Rao

Krungthai XSpring Technical Eng. July 8, 2026

Most Asian equity markets declined as continued weakness in the technology and semiconductor sectors weighed on investor sentiment. The SET Index...

Krungthai XSpring

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52-week Range

Market Cap (USDm)

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