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 remain volatile today, with resistance at 1,273/1,284 points and support at 1,260/1,250 points.</li><li>Domestically, sentiment has turned positive after parliament approved Anutin Charnvirakul as the new Prime Minister, helping restore investor confidence.</li><li>The next step is royal endorsement, followed by the appointment of the new Cabinet.</li></ul>

The SET Index is expected to remain volatile today, with resistance at 1,273/1,284 points and support at 1,260/1,250 points.Domestically, sentiment has turned positive after parliament approved Anutin Charnvirakul as the new Prime Minister, helping restore investor confidence.The next step is royal endorsement, followed by the appointment of the new Cabinet.

Krungthai XSpring Zoom Eng. September 8, 2025

<ul><li>The SET Index is expected to trade sideways up today, with the resistance at 1,268/1,284 and the support at 1,251/1,238.</li><li>The US Department of Labor released the JOLTS Job Openings survey, showing that job openings—a key measure of labor market demand—fell by 170k to 7.18mn positions in July, below analysts’ forecast of 7.38mn and down from 7.437mn in June.</li><li>The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) projects Thailand’s GDP growth at 1.8–2.2% in 2025, with exports expected to grow 2–3% and inflation at 0.5–1.0%.</li></ul>

The SET Index is expected to trade sideways up today, with the resistance at 1,268/1,284 and the support at 1,251/1,238.The US Department of Labor released the JOLTS Job Openings survey, showing that job openings—a key measure of labor market demand—fell by 170k to 7.18mn positions in July, below analysts’ forecast of 7.38mn and down from 7.437mn in June.The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) projects Thailand’s GDP growth at 1.8–2.2% in 2025, with exports expected to grow 2–3% and inflation at 0.5–1.0%.

Krungthai XSpring Zoom Eng. September 4, 2025

<ul><li>The SET Index is expected to fluctuate today, with the support levels at 1,250/1,235 points and the resistance levels at 1,268/1,284 points.</li><li>On the domestic side, short-term sentiment remains slightly negative due to political overhang weighing on the Thai stock market.</li><li>However, once this passes, we see potential for sentiment to turn slightly positive to positive as the overhang is lifted.</li></ul>

The SET Index is expected to fluctuate today, with the support levels at 1,250/1,235 points and the resistance levels at 1,268/1,284 points.On the domestic side, short-term sentiment remains slightly negative due to political overhang weighing on the Thai stock market.However, once this passes, we see potential for sentiment to turn slightly positive to positive as the overhang is lifted.

Krungthai XSpring Zoom Eng. August 29, 2025

Cross Asset Strategy

<ul><li>The SET Index is expected to fluctuate today, with the support levels at 1,250/1,235 points and the resistance levels at 1,268/1,284 points.</li><li>On the domestic side, short-term sentiment remains slightly negative due to political overhang weighing on the Thai stock market.</li><li>In addition, yesterday, foreign investors turned net buyers of Thai equities for the first time in 12 trading days, signaling that they still have confidence in Thailand.</li></ul>

The SET Index is expected to fluctuate today, with the support levels at 1,250/1,235 points and the resistance levels at 1,268/1,284 points.On the domestic side, short-term sentiment remains slightly negative due to political overhang weighing on the Thai stock market.In addition, yesterday, foreign investors turned net buyers of Thai equities for the first time in 12 trading days, signaling that they still have confidence in Thailand.

Thai Equities to Be Affected by Political Developments Today, While Foreign Investors Have Already Turned Net Buyers

<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

Malaysia

SCC Holdings Bhd. is an investment holding company. The Company's subsidiaries are involved in the sales, marketing, and distribution of non-antibiotic animal health products and the sales, marketing, and distribution of food service equipment.

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Scc Holdings (SCHB MK)

Krungthai XSpring Zoom Eng. September 8, 2025

Domestically, sentiment has turned positive after parliament approved Anutin Charnvirakul as the new Prime Minister, helping restore investor...

Krungthai XSpring

Krungthai XSpring Zoom Eng. September 4, 2025

The US Department of Labor released the JOLTS Job Openings survey, showing that job openings—a key measure of labor market demand—fell by 170k to...

Krungthai XSpring

Krungthai XSpring Zoom Eng. August 29, 2025

The SET Index is expected to fluctuate today, with the support levels at 1,250/1,235 points and the resistance levels at 1,268/1,284 points.

Krungthai XSpring

Thai Equities to Be Affected by Political Developments Today, While Foreign Investors Have Already Turned Net Buyers

The SET Index is expected to fluctuate today, with the support levels at 1,250/1,235 points and the resistance levels at 1,268/1,284 points. On...

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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