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 Index is expected to face limited pressure today, with support at 1,431/1,418 points and resistance at 1,450/1,467 points.</li><li>We expect the Thai equity market to place greater emphasis on domestic political developments, particularly the progress in the prime minister selection process.</li><li>KTX maintains our view that GULF is the top pick in the power sector, supported by its low-risk power portfolio (94% of capacity sold to EGAT, with fuel cost pass-through).</li></ul>

The SET Index is expected to face limited pressure today, with support at 1,431/1,418 points and resistance at 1,450/1,467 points.We expect the Thai equity market to place greater emphasis on domestic political developments, particularly the progress in the prime minister selection process.KTX maintains our view that GULF is the top pick in the power sector, supported by its low-risk power portfolio (94% of capacity sold to EGAT, with fuel cost pass-through).

Krungthai XSpring Zoom Eng. March 19, 2026

<ul><li>The SET Index is expected to rebound today, though upside may remain limited.</li><li>The Thai stock market fell 4.33 points, or -0.31%, yesterday to close at 1,405.02.</li><li>Ms. Suphajee Suthumpun, Minister of Commerce, said following a meeting on measures to address rising energy prices that the ministry will propose cost-of-living relief measures to support the public.</li></ul>

The SET Index is expected to rebound today, though upside may remain limited.The Thai stock market fell 4.33 points, or -0.31%, yesterday to close at 1,405.02.Ms. Suphajee Suthumpun, Minister of Commerce, said following a meeting on measures to address rising energy prices that the ministry will propose cost-of-living relief measures to support the public.

Krungthai XSpring Zoom Eng. March 17, 2026

<ul><li>The US president stated that the US attacked Iran’s Kharg Island while avoiding the island’s energy infrastructure.</li><li>The SET Index today is expected to move lower, with support at 1,400/1,384 points and resistance at 1,420/1,431 points, following the continued rise in crude oil prices this morning after the US attacked Iran’s Kharg Island and indicated that operations against Iran may continue for some time.</li><li>In summary, we expect negative investment sentiment to continue pressuring Asian and Thai equity markets today, and we believe the market will remain volatile and highly headline-sensitive.</li></ul>

The US president stated that the US attacked Iran’s Kharg Island while avoiding the island’s energy infrastructure.The SET Index today is expected to move lower, with support at 1,400/1,384 points and resistance at 1,420/1,431 points, following the continued rise in crude oil prices this morning after the US attacked Iran’s Kharg Island and indicated that operations against Iran may continue for some time.In summary, we expect negative investment sentiment to continue pressuring Asian and Thai equity markets today, and we believe the market will remain volatile and highly headline-sensitive.

Krungthai XSpring Zoom Eng. March 16, 2026

<ul><li>The SET Index is expected to extend its rebound today, though gains may be limited, with resistance at 1,420/1,431 and support at 1,400/1,384.</li><li>Crude oil prices have declined from the USD100 level, suggesting the worst of market concerns may have passed.</li><li>The Thai stock market rebounded yesterday, gaining 22.79 points (+1.65%) to close at 1,405.76.</li></ul>

The SET Index is expected to extend its rebound today, though gains may be limited, with resistance at 1,420/1,431 and support at 1,400/1,384.Crude oil prices have declined from the USD100 level, suggesting the worst of market concerns may have passed.The Thai stock market rebounded yesterday, gaining 22.79 points (+1.65%) to close at 1,405.76.

Krungthai XSpring Zoom Eng. March 11, 2026

<ul><li>The SET Index is expected to rebound today, with support at 1,361/1,350 and resistance at 1,385/1,400, after Trump said the attack on Iran would end soon and that higher oil prices are only temporary.</li><li>Global financial markets eased following Trump’s comments on Iran and the Strait of Hormuz, supporting a rebound in US equities (S&amp;P 500 +0.83%, NASDAQ +1.38%).</li><li>The Ministry of Commerce estimates in its sensitivity analysis that if Dubai crude prices average USD80, USD100, and USD120 per barrel, headline inflation would rise to around 1–2%, 2–3%, and above 3%, respectively.</li></ul>

The SET Index is expected to rebound today, with support at 1,361/1,350 and resistance at 1,385/1,400, after Trump said the attack on Iran would end soon and that higher oil prices are only temporary.Global financial markets eased following Trump’s comments on Iran and the Strait of Hormuz, supporting a rebound in US equities (S&amp;P 500 +0.83%, NASDAQ +1.38%).The Ministry of Commerce estimates in its sensitivity analysis that if Dubai crude prices average USD80, USD100, and USD120 per barrel, headline inflation would rise to around 1–2%, 2–3%, and above 3%, respectively.

Krungthai XSpring Zoom Eng. March 10, 2026

Thailand

Srisawad Corporation Public Company Limited is a Thai financial services company specializing in retail credit systems, including hire-purchase, secured loans for vehicles, homes, and land, and unsecured personal loans. The company also engages in non-performing asset management and debt collection services. It was founded in 1979 and is headquartered in Bangkok, Thailand.

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Srisawad (SAWAD TB)

Krungthai XSpring Zoom Eng. March 19, 2026

The SET Index is expected to face limited pressure today, with support at 1,431/1,418 points and resistance at 1,450/1,467 points.

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 17, 2026

The SET Index is expected to rebound today, though upside may remain limited. The Thai stock market fell 4.33 points, or -0.31%, yesterday to close...

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 16, 2026

The SET Index today is expected to move lower, with support at 1,400/1,384 points and resistance at 1,420/1,431 points, following the continued...

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 11, 2026

The SET Index is expected to extend its rebound today, though gains may be limited, with resistance at 1,420/1,431 and support at 1,400/1,384.

Krungthai XSpring

Krungthai XSpring Zoom Eng. March 10, 2026

Global financial markets eased following Trump’s comments on Iran and the Strait of Hormuz, supporting a rebound in US equities (S&P 500 +0.83%,...

Krungthai XSpring

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