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 up today, with the resistance at 1,322/1,332 and the support at 1,313/1,300.</li><li>Domestic factors are slightly positive, as the baht continues to appreciate against both the USD and JPY, reducing FX loss risks for foreign investors and attracting fund inflows into Thailand.</li><li>Externally, the outlook is neutral — global technology stocks are under pressure, which could weigh on Thai electronics stocks, though rising bond yields may provide a positive sentiment boost for the banking sector.</li></ul>

The SET Index is expected to trade sideways up today, with the resistance at 1,322/1,332 and the support at 1,313/1,300.Domestic factors are slightly positive, as the baht continues to appreciate against both the USD and JPY, reducing FX loss risks for foreign investors and attracting fund inflows into Thailand.Externally, the outlook is neutral — global technology stocks are under pressure, which could weigh on Thai electronics stocks, though rising bond yields may provide a positive sentiment boost for the banking sector.

Krungthai XSpring Zoom Eng. October 31, 2025

<ul><li>The SET managed to hold its ground and avoid further losses, supported by rebounds in DELTA, ADVANC, and AOT, which helped lift the index slightly higher.</li><li>Although the index edged up slightly, it successfully nullified the previous black candlestick’s negative signal, allowing it to maintain the higher high, higher low pattern.</li><li>We recommend buying on dips, as the index’s resilience above the 1,313–1,300 support zone should form a solid base and pave the way for a new rebound cycle.</li></ul>

The SET managed to hold its ground and avoid further losses, supported by rebounds in DELTA, ADVANC, and AOT, which helped lift the index slightly higher.Although the index edged up slightly, it successfully nullified the previous black candlestick’s negative signal, allowing it to maintain the higher high, higher low pattern.We recommend buying on dips, as the index’s resilience above the 1,313–1,300 support zone should form a solid base and pave the way for a new rebound cycle.

Krungthai XSpring Technical Eng. October 30, 2025

<ul><li>The SET attempted to extend its rebound, rising early in the session but ultimately succumbing to selling pressure as both foreign investors and domestic funds turned net sellers.</li><li>The index declined after a bearish signal from a gravestone doji, retesting the support at 1,313–1,300 points.</li><li>Therefore, we recommend buying on weakness, as we expect the index to experience only short-term consolidation while maintaining a positive price pattern.</li></ul>

The SET attempted to extend its rebound, rising early in the session but ultimately succumbing to selling pressure as both foreign investors and domestic funds turned net sellers.The index declined after a bearish signal from a gravestone doji, retesting the support at 1,313–1,300 points.Therefore, we recommend buying on weakness, as we expect the index to experience only short-term consolidation while maintaining a positive price pattern.

Krungthai XSpring Technical Eng. October 29, 2025

<ul><li>The SET opened sharply higher, supported by positive sentiment from recent foreign investor buying.</li><li>The index continued to post new highs, suggesting a likely move toward the key resistance at 1,350 points.</li><li>Nevertheless, we recommend selective speculation, as the index is expected to continue rebounding.</li></ul>

The SET opened sharply higher, supported by positive sentiment from recent foreign investor buying.The index continued to post new highs, suggesting a likely move toward the key resistance at 1,350 points.Nevertheless, we recommend selective speculation, as the index is expected to continue rebounding.

Krungthai XSpring Technical Eng. October 28, 2025

<ul><li>The SET Index is expected to trade sideways up today, with the resistance at 1,300/1,313 and the support at 1,280/1,268.</li><li>The US: US markets continued to rebound (S&amp;P500 +1.07%, NASDAQ +1.37%) on optimism that the government shutdown may soon be resolved, after White House economic adviser Kevin Hassett said it could end this week.</li><li>Thailand: The Cabinet meeting is expected to approve tourism stimulus measures allowing individuals to deduct up to Bt20,000 of travel expenses from taxable income (1x for major cities and 1.5x for secondary cities) during October 29–December 15.</li></ul>

The SET Index is expected to trade sideways up today, with the resistance at 1,300/1,313 and the support at 1,280/1,268.The US: US markets continued to rebound (S&amp;P500 +1.07%, NASDAQ +1.37%) on optimism that the government shutdown may soon be resolved, after White House economic adviser Kevin Hassett said it could end this week.Thailand: The Cabinet meeting is expected to approve tourism stimulus measures allowing individuals to deduct up to Bt20,000 of travel expenses from taxable income (1x for major cities and 1.5x for secondary cities) during October 29–December 15.

Krungthai XSpring Zoom Eng. October 21, 2025

Thailand

SCG Packaging is a leading multinational provider of integrated packaging solutions, offering a comprehensive portfolio including fiber-based packaging, performance and polymer packaging, foodservice products, pulp, and paper products. The company provides innovative and sustainable products and services for various industries, including food, beverage, consumer goods, and medical supplies. Headquartered in Bangkok, Thailand, the company was founded in 1975.

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SCG Packaging (SCGP TB)

Krungthai XSpring Zoom Eng. October 31, 2025

Domestic factors are slightly positive, as the baht continues to appreciate against both the USD and JPY, reducing FX loss risks for foreign...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 30, 2025

The SET managed to hold its ground and avoid further losses, supported by rebounds in DELTA, ADVANC, and AOT, which helped lift the index slightly...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 29, 2025

The SET attempted to extend its rebound, rising early in the session but ultimately succumbing to selling pressure as both foreign investors and...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 28, 2025

The SET opened sharply higher, supported by positive sentiment from recent foreign investor buying.The index continued to post new highs...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 21, 2025

Thailand: The Cabinet meeting is expected to approve tourism stimulus measures allowing individuals to deduct up to Bt20,000 of travel expenses...

Krungthai XSpring

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