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 fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.</li><li>The minor pullback does not alter the primary uptrend structure of higher highs and higher lows, as the index is forming a support base around 1,313–1,300.</li><li>We therefore recommend buying on dips, expecting the index to hold above the 1,313–1,300 support zone, with a focus on blue-chip stocks.</li></ul>

The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.The minor pullback does not alter the primary uptrend structure of higher highs and higher lows, as the index is forming a support base around 1,313–1,300.We therefore recommend buying on dips, expecting the index to hold above the 1,313–1,300 support zone, with a focus on blue-chip stocks.

Krungthai XSpring Technical Eng. October 31, 2025

<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 Index is expected to trade sideways today, with the support at 1,314/1,300 points and the resistance at 1,334/1,350 points.</li><li>Domestically, sentiment is seen as neutral to slightly negative, with potential volatility from external factors.</li><li>Notably, today is the final day of DELTA’s exclusion from trading limit calculations and its cash balance period.</li></ul>

The SET Index is expected to trade sideways today, with the support at 1,314/1,300 points and the resistance at 1,334/1,350 points.Domestically, sentiment is seen as neutral to slightly negative, with potential volatility from external factors.Notably, today is the final day of DELTA’s exclusion from trading limit calculations and its cash balance period.

Krungthai XSpring Zoom Eng. October 30, 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>Japan’s Prime Minister’s support for continued easy monetary policy is putting significant pressure on the Bank of Japan’s (BOJ) rate decision.</li><li>US inflation remains exposed to upside risks, mainly from cost-push pressures driven by supply-side factors beyond the direct reach of monetary policy.</li><li>Fed Chair Jerome Powell’s explicit concern over labor market weakness—highlighting a “significant slowdown in new hiring”—reflects rising employment risks.</li></ul>

Japan’s Prime Minister’s support for continued easy monetary policy is putting significant pressure on the Bank of Japan’s (BOJ) rate decision.US inflation remains exposed to upside risks, mainly from cost-push pressures driven by supply-side factors beyond the direct reach of monetary policy.Fed Chair Jerome Powell’s explicit concern over labor market weakness—highlighting a “significant slowdown in new hiring”—reflects rising employment risks.

KTX AHEAD: Global Spotlight: Key Central Bank Meetings To Watch This Week

Thailand

SCB X Public Company Limited provides banking services. The Bank offers accounts, loans, cards, deposits, insurance, investment, payment, digital banking, and other related services. SCB X serves customers worldwide.

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

Siam Commercial Bank (SCB TB)

Krungthai XSpring Technical Eng. October 31, 2025

The SET fluctuated in a narrow range after the Fed cut rates as expected but signaled uncertainty over future rate reductions.

Krungthai XSpring

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 Zoom Eng. October 30, 2025

The SET Index is expected to trade sideways today, with the support at 1,314/1,300 points and the resistance at 1,334/1,350 points.

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

KTX AHEAD: Global Spotlight: Key Central Bank Meetings To Watch This Week

Japan’s Prime Minister’s support for continued easy monetary policy is putting significant pressure on the Bank of Japan’s (BOJ) rate decision.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)