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 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

<ul><li>Asian bourses continued to rebound in line with the US market ahead of the Christmas period, while the SET lacked fresh catalysts.</li><li>Market sentiment remains supported by positive investor psychology driven by fund inflows, alongside expectations of buying from Thai ESG funds and RMFs.</li><li>Nevertheless, we recommend buying on dips and selling on rallies, as trading volume remains thin, keeping the index volatile.</li></ul>

Asian bourses continued to rebound in line with the US market ahead of the Christmas period, while the SET lacked fresh catalysts.Market sentiment remains supported by positive investor psychology driven by fund inflows, alongside expectations of buying from Thai ESG funds and RMFs.Nevertheless, we recommend buying on dips and selling on rallies, as trading volume remains thin, keeping the index volatile.

Krungthai XSpring Technical Eng. December 24, 2025

<ul><li>The market lacked new catalysts, while blue-chip stocks took turns leading the index.</li><li>At least the index attempted to rebound and consistently held above the 1,250-point level.</li><li>We maintain a positive view that the index can hold above its support level and rebound.</li></ul>

The market lacked new catalysts, while blue-chip stocks took turns leading the index.At least the index attempted to rebound and consistently held above the 1,250-point level.We maintain a positive view that the index can hold above its support level and rebound.

Krungthai XSpring Technical Eng. December 22, 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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

SCG Packaging (SCGP TB)

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

Krungthai XSpring Technical Eng. December 24, 2025

Asian bourses continued to rebound in line with the US market ahead of the Christmas period, while the SET lacked fresh catalysts.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 22, 2025

The market lacked new catalysts, while blue-chip stocks took turns leading the index. At least the index attempted to rebound and consistently held...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)