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.

Cross Asset Strategy

<ul>
<li>There have been no changes to the KTX Tactical DR Portfolio today.</li>
<li>Our KTX Tactical DR Portfolio delivered an average return of +1.87%, driven by a rebound in technology stocks after META expanded its data center investment plans, easing concerns over a slowdown in investment growth.</li>
</ul>


There have been no changes to the KTX Tactical DR Portfolio today.
Our KTX Tactical DR Portfolio delivered an average return of +1.87%, driven by a rebound in technology stocks after META expanded its data center investment plans, easing concerns over a slowdown in investment growth.


KTX Tactical DR Picks - July 10, 2026 (Eng.)

Thematic (Sector/Industry)

<ul><li>Technically, the SET Index is expected to move sideways up to the resistance at 1,395 points (75-day EMA)/1,400 points, with the support at 1,378/1,373 points.</li><li>The index may be positively impacted by the BoJ potentially signaling an end to its negative policy interest rate.</li><li>However, the potential index gain is expected to be limited as investors are waiting for the FOMC meeting result tomorrow. </li></ul>

Technically, the SET Index is expected to move sideways up to the resistance at 1,395 points (75-day EMA)/1,400 points, with the support at 1,378/1,373 points.The index may be positively impacted by the BoJ potentially signaling an end to its negative policy interest rate.However, the potential index gain is expected to be limited as investors are waiting for the FOMC meeting result tomorrow. 

External broker reports, Nordea

Nordea

External broker reports

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul>
<li>In July, we observe a significant decrease in overall risk levels.</li>
<li>Currently, there are no currencies labeled as high risk, and 27 currencies are labeled as low risk.</li>
<li>Regarding the Russian ruble, it remains in the green territory.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


In July, we observe a significant decrease in overall risk levels.
Currently, there are no currencies labeled as high risk, and 27 currencies are labeled as low risk.
Regarding the Russian ruble, it remains in the green territory.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX & Rates

<ul><li>The weaker USD and the potential recovery in the tourism sector following China's sooner-than-expected reopening have bolstered the baht, causing it to record the biggest gain among regional currencies.</li><li>According to historical data, a gain by the NEER by an average of 2.0% over 60 days has often prompted the BoT to come up with certain measures to curb the appreciation of the baht.</li><li>Over the past 60 days, foreign investors have enjoyed cumulative returns from the SET of around 3.4% and FX gains from baht appreciation of around 12.6%.</li></ul>

The weaker USD and the potential recovery in the tourism sector following China's sooner-than-expected reopening have bolstered the baht, causing it to record the biggest gain among regional currencies.According to historical data, a gain by the NEER by an average of 2.0% over 60 days has often prompted the BoT to come up with certain measures to curb the appreciation of the baht.Over the past 60 days, foreign investors have enjoyed cumulative returns from the SET of around 3.4% and FX gains from baht appreciation of around 12.6%.

Thailand

The Thai baht is the official currency of Thailand. 

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KTX Tactical DR Picks - July 10, 2026 (Eng.)

There have been no changes to the KTX Tactical DR Portfolio today. Our KTX Tactical DR Portfolio delivered an average return of +1.87%, driven by...

Krungthai XSpring

KTX Zoom - MARCH 19, 2024

Technically, the SET Index is expected to move sideways up to the resistance at 1,395 points (75-day EMA)/1,400 points, with the support at 1,378...

Krungthai XSpring

EM Traffic Light July 2023

In July, we observe a significant decrease in overall risk levels. Currently, there are no currencies labeled as high risk, and 27 currencies are...

Nordea

Upside to SET Limited by FX Risk

The weaker USD and the potential recovery in the tourism sector following China's sooner-than-expected reopening have bolstered the baht, causing...

Krungthai XSpring

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