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 move sideways down today, with the support at 1,107/1,100 points and the resistance at 1,123/1,128 points.</li><li>This is due to the upcoming holiday in Thailand and ongoing negative global factors, particularly after Trump announced plans to impose tariffs of 50% on copper and 200% on pharmaceuticals.</li><li>Meanwhile, domestic factors are slightly positive, as the government has signaled its readiness to compensate those affected by the US tariffs, and weekly international tourist arrivals show signs of improvement.</li></ul>

The SET Index is expected to move sideways down today, with the support at 1,107/1,100 points and the resistance at 1,123/1,128 points.This is due to the upcoming holiday in Thailand and ongoing negative global factors, particularly after Trump announced plans to impose tariffs of 50% on copper and 200% on pharmaceuticals.Meanwhile, domestic factors are slightly positive, as the government has signaled its readiness to compensate those affected by the US tariffs, and weekly international tourist arrivals show signs of improvement.

KTX Zoom: Volatile Movement Before Holiday - JULY 9, 2025

<ul><li>Political tensions appeared to ease, but the SET remained volatile within a narrow range due to the absence of strong supporting factors, coupled with short-term selling pressure — particularly in ADVANC, AOT, CPF, and BDMS.</li><li>But this did not derail the broader rebound trend.</li><li>The declining trading volume suggested consolidation, before the index ultimately moved higher, supported by gains in banking stocks, China-related plays, and continued buying by domestic funds</li></ul>

Political tensions appeared to ease, but the SET remained volatile within a narrow range due to the absence of strong supporting factors, coupled with short-term selling pressure — particularly in ADVANC, AOT, CPF, and BDMS.But this did not derail the broader rebound trend.The declining trading volume suggested consolidation, before the index ultimately moved higher, supported by gains in banking stocks, China-related plays, and continued buying by domestic funds

<ul><li>The SET initially moved in a tight range amid a lack of clear catalysts, while political issue exerted some pressure.</li><li>However, the index surprised in the afternoon session by surging sharply, driven by strong buying in blue-chip stocks such as DELTA, ADVANC, GULF, KTC, and banking shares — despite the Constitutional Court accepting the petition related to the audio clip case and ordering the Prime Minister to suspend duties.</li><li>The index rebounded sharply above the 1,100-point level — exceeding expectations — and remains on track to retest the one- third Fibonacci resistance at 1,116 points.</li></ul>

The SET initially moved in a tight range amid a lack of clear catalysts, while political issue exerted some pressure.However, the index surprised in the afternoon session by surging sharply, driven by strong buying in blue-chip stocks such as DELTA, ADVANC, GULF, KTC, and banking shares — despite the Constitutional Court accepting the petition related to the audio clip case and ordering the Prime Minister to suspend duties.The index rebounded sharply above the 1,100-point level — exceeding expectations — and remains on track to retest the one- third Fibonacci resistance at 1,116 points.

<ul><li>The SET rebounded swiftly after a sharp decline, with no new negative factors weighing on sentiment.</li><li>A strong rebound in the ICT sector — particularly ADVANC — along with gains in food and hospital stocks, enabled the index to close up.</li><li>This occurred despite selling pressure from banking and finance stocks, as well as declines in AOT and GULF.</li></ul>

The SET rebounded swiftly after a sharp decline, with no new negative factors weighing on sentiment.A strong rebound in the ICT sector — particularly ADVANC — along with gains in food and hospital stocks, enabled the index to close up.This occurred despite selling pressure from banking and finance stocks, as well as declines in AOT and GULF.

<ul><li>The SET moved up and down in a narrow range, as the market lacked new catalysts.</li><li>However, political instability and the uncertainty surrounding trade negotiations between the US and Thailand stimulated a selling force, particularly targeting DELTA, which caused the index to close down slightly, even though the banking, ICT, commerce, and energy sectors improved.</li><li>The index has not yet formed a negative price pattern, as it continues to climb steadily—positioning itself to potentially test the resistance level at 1,116 points.</li></ul>

The SET moved up and down in a narrow range, as the market lacked new catalysts.However, political instability and the uncertainty surrounding trade negotiations between the US and Thailand stimulated a selling force, particularly targeting DELTA, which caused the index to close down slightly, even though the banking, ICT, commerce, and energy sectors improved.The index has not yet formed a negative price pattern, as it continues to climb steadily—positioning itself to potentially test the resistance level at 1,116 points.

Thailand

PTT Global Chemical Public Company Limited operates as a petrochemical company. The Company manufactures and distributes upstream, intermediate, and downstream petrochemical products. PTT Global Chemical serves customers in Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

PTT Global Chemical (PTTGC-R TB)

KTX Zoom: Volatile Movement Before Holiday - JULY 9, 2025

The SET Index is expected to move sideways down today, with the support at 1,107/1,100 points and the resistance at 1,123/1,128 points.

Krungthai XSpring

Technical Analysis - JULY 3, 2025

Political tensions appeared to ease, but the SET remained volatile within a narrow range due to the absence of strong supporting factors, coupled...

Krungthai XSpring

Technical Analysis -JULY 2, 2025

The index rebounded sharply above the 1,100-point level — exceeding expectations — and remains on track to retest the one- third Fibonacci...

Krungthai XSpring

Technical Analysis - JULY 1, 2025

A strong rebound in the ICT sector — particularly ADVANC — along with gains in food and hospital stocks, enabled the index to close up.

Krungthai XSpring

Technical Analysis - JUNE 27, 2025

The index has not yet formed a negative price pattern, as it continues to climb steadily—positioning itself to potentially test the resistance...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)