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 surged as fund inflows extended for the fourth consecutive day (with only two net selling sessions so far this month).</li><li>The index has surged 63.5 points over the past four sessions and 168.29 points so far this month, pushing it into overbought territory.</li><li>Therefore, we recommend buying on weakness and selling into strength.</li></ul>

The SET surged as fund inflows extended for the fourth consecutive day (with only two net selling sessions so far this month).The index has surged 63.5 points over the past four sessions and 168.29 points so far this month, pushing it into overbought territory.Therefore, we recommend buying on weakness and selling into strength.

Krungthai XSpring Technical Eng. February 20, 2026

<ul><li>However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.</li><li>The index was volatile, briefly slipping into negative territory during intraday trading.</li><li>Nonetheless, we recommend buying on weakness and selling on strength, as the index still has room to advance—particularly while fund inflows persist.</li></ul>

However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.The index was volatile, briefly slipping into negative territory during intraday trading.Nonetheless, we recommend buying on weakness and selling on strength, as the index still has room to advance—particularly while fund inflows persist.

Krungthai XSpring Technical Eng. February 19, 2026

<ul><li>Asian bourses were closed for the Lunar New Year, except for the Tokyo market, which edged lower.</li><li>However, this had little impact on the SET, as the index continued to rise on positive political sentiment and expectations of fund inflows, which strengthened the rally—particularly in the afternoon session.</li><li>Strong buying interest flowed into CPALL, GULF, TRUE, DELTA, and banking stocks, driving broader market gains, while foreign investors remained net buyers.</li></ul>

Asian bourses were closed for the Lunar New Year, except for the Tokyo market, which edged lower.However, this had little impact on the SET, as the index continued to rise on positive political sentiment and expectations of fund inflows, which strengthened the rally—particularly in the afternoon session.Strong buying interest flowed into CPALL, GULF, TRUE, DELTA, and banking stocks, driving broader market gains, while foreign investors remained net buyers.

Krungthai XSpring Technical Eng. February 18, 2026

<ul><li>Although Asian bourses were mixed, the SET continued to rally and remained in positive territory throughout the day, supported by 4Q25 earnings and strong foreign buying, marking the eighth consecutive day of inflows.</li><li>The index surged sharply, forming a full white candlestick on heavy volume, with indicators trending upward.</li><li>Therefore, we expect the uptrend to continue, but advise caution given the risk of a pullback to ease overbought conditions.</li></ul>

Although Asian bourses were mixed, the SET continued to rally and remained in positive territory throughout the day, supported by 4Q25 earnings and strong foreign buying, marking the eighth consecutive day of inflows.The index surged sharply, forming a full white candlestick on heavy volume, with indicators trending upward.Therefore, we expect the uptrend to continue, but advise caution given the risk of a pullback to ease overbought conditions.

Krungthai XSpring Technical Eng. February 13, 2026

<ul><li>The Fed’s decision to keep interest rates unchanged at 3.50–3.75% and signal no urgency to cut rates unsettled foreign bourses.</li><li>The index remains volatile amid the absence of new positive catalysts, as foreign investors alternate between buying and selling, while 4Q25 earnings results have had mixed impacts on the market.</li><li>We expect the index to trade within a narrow range with rebound potential.</li></ul>

The Fed’s decision to keep interest rates unchanged at 3.50–3.75% and signal no urgency to cut rates unsettled foreign bourses.The index remains volatile amid the absence of new positive catalysts, as foreign investors alternate between buying and selling, while 4Q25 earnings results have had mixed impacts on the market.We expect the index to trade within a narrow range with rebound potential.

Krungthai XSpring Technical Eng. January 30, 2026

Thailand

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Krungthai XSpring Technical Eng. February 20, 2026

The SET surged as fund inflows extended for the fourth consecutive day (with only two net selling sessions so far this month).

Krungthai XSpring

Krungthai XSpring Technical Eng. February 19, 2026

However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.

Krungthai XSpring

Krungthai XSpring Technical Eng. February 18, 2026

Strong buying interest flowed into CPALL, GULF, TRUE, DELTA, and banking stocks, driving broader market gains, while foreign investors remained net...

Krungthai XSpring

Krungthai XSpring Technical Eng. February 13, 2026

Although Asian bourses were mixed, the SET continued to rally and remained in positive territory throughout the day, supported by 4Q25 earnings and...

Krungthai XSpring

Krungthai XSpring Technical Eng. January 30, 2026

The index remains volatile amid the absence of new positive catalysts, as foreign investors alternate between buying and selling, while 4Q25...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)