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 sideways or sideway down today, with the support at 1,260/1,250 points and the resistance at 1,271/1,285 points.</li><li>China’s exports to the US continued to contract sharply at –28.5% YoY in November, compared with –25% YoY in October.</li><li>The market may be more concerned about the risk of potential US trade pressure.</li></ul>

The SET Index is expected to trade sideways or sideway down today, with the support at 1,260/1,250 points and the resistance at 1,271/1,285 points.China’s exports to the US continued to contract sharply at –28.5% YoY in November, compared with –25% YoY in October.The market may be more concerned about the risk of potential US trade pressure.

Krungthai XSpring Zoom Eng. December 9, 2025

<ul><li>The SET Index is expected to remain stable or move sideways up today, with the resistance at 1,290/1,300 points and the support at 1,271/1,260 points.</li><li>The US: US equities extended their gains (S&amp;P +0.19%, NASDAQ +0.31%) after Friday’s economic data aligned with expectations.</li><li>Thailand: Since the beginning of December, the baht has appreciated 0.8% MTD, reaching its strongest level in two months at 31.84 baht/USD.</li></ul>

The SET Index is expected to remain stable or move sideways up today, with the resistance at 1,290/1,300 points and the support at 1,271/1,260 points.The US: US equities extended their gains (S&amp;P +0.19%, NASDAQ +0.31%) after Friday’s economic data aligned with expectations.Thailand: Since the beginning of December, the baht has appreciated 0.8% MTD, reaching its strongest level in two months at 31.84 baht/USD.

Krungthai XSpring Zoom Eng. December 8, 2025

<ul><li>Vehicle production in October jumped 14% YoY, reaching a five-month high and signaling a clear recovery in the auto industry.</li><li>October auto production rebounded sharply.</li><li>The automotive sector reported a 3Q25 earnings recovery of 7% YoY, reaching Bt1bn—the highest level in two years.</li></ul>

Vehicle production in October jumped 14% YoY, reaching a five-month high and signaling a clear recovery in the auto industry.October auto production rebounded sharply.The automotive sector reported a 3Q25 earnings recovery of 7% YoY, reaching Bt1bn—the highest level in two years.

Automotive: October Auto Production Hits A Five-Month High - Neutral

<ul><li>SET Index today is expected to continue rising, with resistance at 1,273 / 1,285 points and support at 1,262 / 1,250 points.</li><li>International factors remain Slightly Positive, driven by expectations of Federal Reserve interest rate cuts and a strengthening baht, which attract fund flows.</li><li>Thai exports in October grew by 5.7% YoY, slightly below the market expectation of 6.1% YoY.</li></ul>

SET Index today is expected to continue rising, with resistance at 1,273 / 1,285 points and support at 1,262 / 1,250 points.International factors remain Slightly Positive, driven by expectations of Federal Reserve interest rate cuts and a strengthening baht, which attract fund flows.Thai exports in October grew by 5.7% YoY, slightly below the market expectation of 6.1% YoY.

Krungthai XSpring Zoom Eng. November 26, 2025

<ul><li>The SET Index is expected to trade sideways with a mild upward bias today, with the support at 1,300/1,284 and resistance at 1,313/1,322.</li><li>China’s international trade data for October came in weaker than expected.</li><li>The Customs Department plans to implement import taxes on goods purchased directly from overseas through e-commerce platforms to address unfair competition faced by domestic businesses.</li></ul>

The SET Index is expected to trade sideways with a mild upward bias today, with the support at 1,300/1,284 and resistance at 1,313/1,322.China’s international trade data for October came in weaker than expected.The Customs Department plans to implement import taxes on goods purchased directly from overseas through e-commerce platforms to address unfair competition faced by domestic businesses.

Krungthai XSpring Zoom Eng. November 10, 2025

Singapore

SATS is a leading provider of gateway services and food solutions for the aviation industry and beyond. It offers air cargo handling, baggage and ramp handling, passenger services, aviation security, and in-flight catering, as well as food distribution and logistics. Headquartered in Singapore, the company was founded in 1972.

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SATS (SATS SP)

Krungthai XSpring Zoom Eng. December 9, 2025

The SET Index is expected to trade sideways or sideway down today, with the support at 1,260/1,250 points and the resistance at 1,271/1,285 points.

Krungthai XSpring

Krungthai XSpring Zoom Eng. December 8, 2025

The SET Index is expected to remain stable or move sideways up today, with the resistance at 1,290/1,300 points and the support at 1,271/1,260 points.

Krungthai XSpring

Automotive: October Auto Production Hits A Five-Month High - Neutral

Vehicle production in October jumped 14% YoY, reaching a five-month high and signaling a clear recovery in the auto industry. October auto...

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 26, 2025

International factors remain Slightly Positive, driven by expectations of Federal Reserve interest rate cuts and a strengthening baht, which...

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 10, 2025

The SET Index is expected to trade sideways with a mild upward bias today, with the support at 1,300/1,284 and resistance at 1,313/1,322.

Krungthai XSpring

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