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>SET Index today is expected to move sideways, with support at 1,282/1,265 and resistance at 1,300/1,317.</li><li>External factors remain slightly negative after declines in European equities and US stock futures, reflecting subdued sentiment.</li><li>Domestically, sentiment is slightly positive as the IMF notes that Asian exports (including Thailand) benefit from US technology investment, while fund inflows should help support the market.</li></ul>

SET Index today is expected to move sideways, with support at 1,282/1,265 and resistance at 1,300/1,317.External factors remain slightly negative after declines in European equities and US stock futures, reflecting subdued sentiment.Domestically, sentiment is slightly positive as the IMF notes that Asian exports (including Thailand) benefit from US technology investment, while fund inflows should help support the market.

Krungthai XSpring Zoom Eng. January 20, 2026

<ul><li>Investment sentiment remains negative, but capital outflows are expected to be limited.</li><li>SET Index today is expected to move sideways to down, with support at 1,270/1,250 and resistance at 1,283/1,300.</li><li>Today’s dominant ideas include the US preparing to raise tariffs on Europe following the Greenland issue.</li></ul>

Investment sentiment remains negative, but capital outflows are expected to be limited.SET Index today is expected to move sideways to down, with support at 1,270/1,250 and resistance at 1,283/1,300.Today’s dominant ideas include the US preparing to raise tariffs on Europe following the Greenland issue.

Krungthai XSpring Zoom Eng. January 19, 2026

<ul><li>The SET fell sharply after DELTA plunged following a big-lot transaction priced below the market, dragging the index down by 23.5 points.</li><li>The index retreated rapidly and is now hovering near the key support level of 1,250 points, which has previously triggered multiple technical rebounds.</li><li>Therefore, we recommend buying on weakness, expecting the index to hold above the 1,250-point level and present an opportunity for a technical rebound.</li></ul>

The SET fell sharply after DELTA plunged following a big-lot transaction priced below the market, dragging the index down by 23.5 points.The index retreated rapidly and is now hovering near the key support level of 1,250 points, which has previously triggered multiple technical rebounds.Therefore, we recommend buying on weakness, expecting the index to hold above the 1,250-point level and present an opportunity for a technical rebound.

Krungthai XSpring Technical Eng. January 9, 2026

<ul><li>The SET moved volatile within a narrow range, pressured by selling in PTTEP, AOT, ADVANC, and banking stocks, which dragged the index lower.</li><li>The index remained above the 1,280-point level, suggesting continued potential for a rebound toward 1,300 points.</li><li>Therefore, we expect the index to remain in a rebound phase toward 1,300 points and continue to recommend selective speculative positioning.</li></ul>

The SET moved volatile within a narrow range, pressured by selling in PTTEP, AOT, ADVANC, and banking stocks, which dragged the index lower.The index remained above the 1,280-point level, suggesting continued potential for a rebound toward 1,300 points.Therefore, we expect the index to remain in a rebound phase toward 1,300 points and continue to recommend selective speculative positioning.

Krungthai XSpring Technical Eng. January 8, 2026

<ul><li>Although Asian bourses continued to rise in line with the US market, supported by a stronger baht and the absence of negative catalysts, the SET unexpectedly declined.</li><li>The pullback did not alter the overall price pattern, as the index remains in a phase of testing the 1,280-point resistance.</li><li>We maintain a positive outlook on the index, as it still has the opportunity to move back above the 1,280-point level.</li></ul>

Although Asian bourses continued to rise in line with the US market, supported by a stronger baht and the absence of negative catalysts, the SET unexpectedly declined.The pullback did not alter the overall price pattern, as the index remains in a phase of testing the 1,280-point resistance.We maintain a positive outlook on the index, as it still has the opportunity to move back above the 1,280-point level.

Krungthai XSpring Technical Eng. January 7, 2026

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. January 20, 2026

Domestically, sentiment is slightly positive as the IMF notes that Asian exports (including Thailand) benefit from US technology investment, while...

Krungthai XSpring

Krungthai XSpring Zoom Eng. January 19, 2026

SET Index today is expected to move sideways to down, with support at 1,270/1,250 and resistance at 1,283/1,300. Today’s dominant ideas include the...

Krungthai XSpring

Krungthai XSpring Technical Eng. January 9, 2026

The SET fell sharply after DELTA plunged following a big-lot transaction priced below the market, dragging the index down by 23.5 points.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 8, 2026

The SET moved volatile within a narrow range, pressured by selling in PTTEP, AOT, ADVANC, and banking stocks, which dragged the index lower.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 7, 2026

Although Asian bourses continued to rise in line with the US market, supported by a stronger baht and the absence of negative catalysts, the SET...

Krungthai XSpring

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