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 issue of bad debts among US regional banks pressured Asian markets, which were already weighed down by renewed concerns over a US–China trade war.</li><li>Despite the steep decline, trading volume remained light, and the index continued to move sideways.</li><li>Consequently, the downside appears limited, presenting an opportunity for accumulation. We therefore recommend buying on dips.</li></ul>

The issue of bad debts among US regional banks pressured Asian markets, which were already weighed down by renewed concerns over a US–China trade war.Despite the steep decline, trading volume remained light, and the index continued to move sideways.Consequently, the downside appears limited, presenting an opportunity for accumulation. We therefore recommend buying on dips.

Krungthai XSpring Technical Eng. October 20, 2025

<ul><li>Although the market lacked new catalysts, the SET surged strongly before easing slightly on profit-taking and renewed foreign selling.</li><li>The index continued to rebound and successfully absorbed selling pressure.</li><li>We maintain a positive outlook on the index; however, given the low trading volume, some volatility is likely to persist.</li></ul>

Although the market lacked new catalysts, the SET surged strongly before easing slightly on profit-taking and renewed foreign selling.The index continued to rebound and successfully absorbed selling pressure.We maintain a positive outlook on the index; however, given the low trading volume, some volatility is likely to persist.

Krungthai XSpring Technical Eng. October 17, 2025

<ul><li>No changes were made to the KTX Tactical Picks today.</li><li>All stocks in the portfolio, except M, declined in line with the market as it continued to absorb concerns over renewed US–China trade tensions, causing the portfolio’s average return to fall 0.52%, compared with the SET’s –0.88%.</li><li>KTX’s Tactical Picks portfolio is constructed within SET100 Index constituents. Stocks are selected based on EPS growth and relative changes to their KTX valuations.</li></ul>

No changes were made to the KTX Tactical Picks today.All stocks in the portfolio, except M, declined in line with the market as it continued to absorb concerns over renewed US–China trade tensions, causing the portfolio’s average return to fall 0.52%, compared with the SET’s –0.88%.KTX’s Tactical Picks portfolio is constructed within SET100 Index constituents. Stocks are selected based on EPS growth and relative changes to their KTX valuations.

KTX TACTICAL PICKS - October 14, 2025 (Eng.)

<ul><li>Although the market lacked fresh catalysts, Asian bourses rebounded following a strong rally in the Nasdaq.</li><li>We expect the index to be volatile due to profit-taking ahead of the long holiday.</li><li>These are clear bullish signals, indicating further upside potential.</li></ul>

Although the market lacked fresh catalysts, Asian bourses rebounded following a strong rally in the Nasdaq.We expect the index to be volatile due to profit-taking ahead of the long holiday.These are clear bullish signals, indicating further upside potential.

Krungthai XSpring Technical Eng. October 10, 2025

<ul><li>The SET opened with a rebound ahead of the MPC meeting, supported by gains in DELTA and BAM.</li><li>We believe the index’s upward momentum is not yet over and expect it to hold above the 1,300-point level.</li><li>Meanwhile, blue-chip stocks have taken the lead, supported by strength in the banking sector.</li></ul>

The SET opened with a rebound ahead of the MPC meeting, supported by gains in DELTA and BAM.We believe the index’s upward momentum is not yet over and expect it to hold above the 1,300-point level.Meanwhile, blue-chip stocks have taken the lead, supported by strength in the banking sector.

Krungthai XSpring Technical Eng. October 9, 2025

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 Technical Eng. October 20, 2025

The issue of bad debts among US regional banks pressured Asian markets, which were already weighed down by renewed concerns over a US–China trade war.

Krungthai XSpring

Krungthai XSpring Technical Eng. October 17, 2025

Although the market lacked new catalysts, the SET surged strongly before easing slightly on profit-taking and renewed foreign selling.

Krungthai XSpring

KTX TACTICAL PICKS - October 14, 2025 (Eng.)

KTX’s Tactical Picks portfolio is constructed within SET100 Index constituents. Stocks are selected based on EPS growth and relative changes to...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 10, 2025

Although the market lacked fresh catalysts, Asian bourses rebounded following a strong rally in the Nasdaq. We expect the index to be volatile due...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 9, 2025

The SET opened with a rebound ahead of the MPC meeting, supported by gains in DELTA and BAM.We believe the index’s upward momentum is not yet over...

Krungthai XSpring

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