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.

Technical Analysis

<ul><li>Despite weakness in technology stocks, most Asian markets rose as the US 10-year bond yield declined.</li><li>The SET also rebounded quickly, supported by buying in power, transportation and oil stocks, alongside strong gains in KCE, HANA, SMT and CCET.</li><li>We recommend selective buying amid ongoing sector rotation, while anticipating selling pressure at higher levels.</li></ul>

Despite weakness in technology stocks, most Asian markets rose as the US 10-year bond yield declined.The SET also rebounded quickly, supported by buying in power, transportation and oil stocks, alongside strong gains in KCE, HANA, SMT and CCET.We recommend selective buying amid ongoing sector rotation, while anticipating selling pressure at higher levels.

<ul><li>Concerns over rising oil prices and US bond yields, alongside declines in Asian stock markets, triggered selling pressure on the SET at the open.</li><li>Selling volume also declined and remained relatively light, suggesting limited downside or possible sideways consolidation.</li><li>We recommend buying on weakness, as we still expect a rebound, particularly given that most blue-chip stocks have faced relatively limited selling pressure.</li></ul>

Concerns over rising oil prices and US bond yields, alongside declines in Asian stock markets, triggered selling pressure on the SET at the open.Selling volume also declined and remained relatively light, suggesting limited downside or possible sideways consolidation.We recommend buying on weakness, as we still expect a rebound, particularly given that most blue-chip stocks have faced relatively limited selling pressure.

<ul><li>Concerns over oil prices following a Houthi attack on Saudi Arabia and profit-taking across Asian markets initially put the SET under selling pressure.</li><li>The index rose for the fifth consecutive session, maintaining a higher-high pattern as blue-chip stocks took turns leading the market.</li><li>We recommend buying on weakness, as the index remains highly volatile.</li></ul>

Concerns over oil prices following a Houthi attack on Saudi Arabia and profit-taking across Asian markets initially put the SET under selling pressure.The index rose for the fifth consecutive session, maintaining a higher-high pattern as blue-chip stocks took turns leading the market.We recommend buying on weakness, as the index remains highly volatile.

Krungthai XSpring Technical Eng. - October 8, 2026

Equity Bottom-Up

<ul><li>Asian stock markets rebounded, with Tokyo and Taiwan posting strong gains.</li><li>The index traded in a narrow range for the third consecutive session but maintained a positive price pattern.</li><li>We recommend buying on weakness, given limited upside, while the overall trend still leaves room for further gains.</li></ul>

Asian stock markets rebounded, with Tokyo and Taiwan posting strong gains.The index traded in a narrow range for the third consecutive session but maintained a positive price pattern.We recommend buying on weakness, given limited upside, while the overall trend still leaves room for further gains.

<ul><li>Tokyo, Taiwan and South Korean stock markets surged, while the US PCE inflation figure came in below expectations, raising hopes for a rebound in the SET after its sharp decline.</li><li>The modest rebound following the sharp decline suggests that selling pressure at higher levels continues to limit gains, leaving the index vulnerable to further weakness.</li><li>We recommend buying on weakness near key support levels, as the index is likely to trade sideways.</li></ul>

Tokyo, Taiwan and South Korean stock markets surged, while the US PCE inflation figure came in below expectations, raising hopes for a rebound in the SET after its sharp decline.The modest rebound following the sharp decline suggests that selling pressure at higher levels continues to limit gains, leaving the index vulnerable to further weakness.We recommend buying on weakness near key support levels, as the index is likely to trade sideways.

Thailand

The Bangkok SET Index is a capitalization-weighted index of stocks traded on the Stock Exchange of Thailand. The index was developed with a base value of 100 as of April 30, 1975. 

Thailand SET Index (SET INDEX)

Technical Analysis

Despite weakness in technology stocks, most Asian markets rose as the US 10-year bond yield declined. The SET also rebounded quickly, supported by...

Krungthai XSpring

Technical Analysis

Concerns over rising oil prices and US bond yields, alongside declines in Asian stock markets, triggered selling pressure on the SET at the...

Krungthai XSpring

Krungthai XSpring Technical Eng. - October 8, 2026

Concerns over oil prices following a Houthi attack on Saudi Arabia and profit-taking across Asian markets initially put the SET under selling...

Krungthai XSpring

Recommendation: Buy on Weakness

Asian stock markets rebounded, with Tokyo and Taiwan posting strong gains. The index traded in a narrow range for the third consecutive session...

Krungthai XSpring

Recommendation: Buy On Weakness

Tokyo, Taiwan and South Korean stock markets surged, while the US PCE inflation figure came in below expectations, raising hopes for a rebound in...

Krungthai XSpring