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 continued to benefit from positive sentiment, supported by ongoing trade negotiations between Thailand and the US.</li><li>The index advanced steadily, led by a rise in DELTA and further bolstered by gains in PTT, PTTEP, KBANK, and ADVANC, alongside consistent fund inflows.</li><li>These factors lifted the index above the 1,200-point level, ultimately closing the week up 7.62%.</li></ul>

The SET continued to benefit from positive sentiment, supported by ongoing trade negotiations between Thailand and the US.The index advanced steadily, led by a rise in DELTA and further bolstered by gains in PTT, PTTEP, KBANK, and ADVANC, alongside consistent fund inflows.These factors lifted the index above the 1,200-point level, ultimately closing the week up 7.62%.

<ul><li>The SET rallied strongly for the third consecutive day, despite a decline in banking stocks due to concerns over potential interest rate cuts.</li><li>Robust buying activity in energy, finance, transportation, commerce, tourism, electronics, and food sectors, combined with the absence of significant negative market factors, helped the index overcome profit-taking pressure and remain on track toward the 1,200-point level.</li><li>The index surged alongside positive technical signals, including a steadily rising RSI that remains far from the overbought zone and the MACD that may have a golden cross signal.</li></ul>

The SET rallied strongly for the third consecutive day, despite a decline in banking stocks due to concerns over potential interest rate cuts.Robust buying activity in energy, finance, transportation, commerce, tourism, electronics, and food sectors, combined with the absence of significant negative market factors, helped the index overcome profit-taking pressure and remain on track toward the 1,200-point level.The index surged alongside positive technical signals, including a steadily rising RSI that remains far from the overbought zone and the MACD that may have a golden cross signal.

<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 Index is expected to weaken, with the support levels at 1,105/1,100 points and the resistance at 1,123/1,130 points.</li><li>The technical signals remain in a downtrend, and the index could decline further to 1,094 points (the gap opened on April 9) or even 1,056 points (the year’s low), respectively.</li><li>External factors remain slightly negative. Although the Israel-Iran war has not escalated, concerns persist after President Trump called for an evacuation from Tehran. </li></ul>

The SET Index is expected to weaken, with the support levels at 1,105/1,100 points and the resistance at 1,123/1,130 points.The technical signals remain in a downtrend, and the index could decline further to 1,094 points (the gap opened on April 9) or even 1,056 points (the year’s low), respectively.External factors remain slightly negative. Although the Israel-Iran war has not escalated, concerns persist after President Trump called for an evacuation from Tehran. 

KTX Zoom: Trump Calls for an Evacuation from Tehran; All Eyes on BoJ Meeting

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)

Technical Analysis - JULY 21, 2025

The SET continued to benefit from positive sentiment, supported by ongoing trade negotiations between Thailand and the US.

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Technical Analysis - JULY 16, 2025

The SET rallied strongly for the third consecutive day, despite a decline in banking stocks due to concerns over potential interest rate cuts.

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

KTX Zoom: Trump Calls for an Evacuation from Tehran; All Eyes on BoJ Meeting

The SET Index is expected to weaken, with the support levels at 1,105/1,100 points and the resistance at 1,123/1,130 points.

Krungthai XSpring

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