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>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 managed only a brief rebound before being dragged lower by declines in DELTA, BDMS, BH, CPALL, SAWAD, and GPSC.</li>
<li>The index continued to break below key support levels, leaving the former base at 1,230 points as the last line of defense.</li>
<li>Nevertheless, we recommend buying on weakness, as we continue to expect the index to hold above 1,230 points.</li>
</ul>


The SET managed only a brief rebound before being dragged lower by declines in DELTA, BDMS, BH, CPALL, SAWAD, and GPSC.
The index continued to break below key support levels, leaving the former base at 1,230 points as the last line of defense.
Nevertheless, we recommend buying on weakness, as we continue to expect the index to hold above 1,230 points.


Krungthai XSpring Technical Eng. January 14, 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

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. 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 14, 2026

The SET managed only a brief rebound before being dragged lower by declines in DELTA, BDMS, BH, CPALL, SAWAD, and GPSC. The index continued to...

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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52-week Range

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