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 attempted a rebound, led by a surge in DELTA, but lacked new supporting factors amid concerns over fund outflows following the weaker baht.</li><li>The index plunged for the fifth straight day, pressured by continuous foreign investor sell-offs over the same period.</li><li>We expect the index to either rebound or move sideways after consecutive declines.</li></ul>

The SET attempted a rebound, led by a surge in DELTA, but lacked new supporting factors amid concerns over fund outflows following the weaker baht.The index plunged for the fifth straight day, pressured by continuous foreign investor sell-offs over the same period.We expect the index to either rebound or move sideways after consecutive declines.

Krungthai XSpring Technical Eng. September 24, 2025

<ul><li>The SET remained under selling pressure, led by foreign investors who have been net sellers for four consecutive days.</li><li>The index has continued to retreat, forming three consecutive black candlesticks that have turned the price pattern more negative and signaled a consolidation phase.</li><li>We therefore expect the index to trade sideways to alleviate negative indicator signals, and we maintain our recommendation to buy on dips.</li></ul>

The SET remained under selling pressure, led by foreign investors who have been net sellers for four consecutive days.The index has continued to retreat, forming three consecutive black candlesticks that have turned the price pattern more negative and signaled a consolidation phase.We therefore expect the index to trade sideways to alleviate negative indicator signals, and we maintain our recommendation to buy on dips.

Krungthai XSpring Technical Eng. September 23, 2025

<ul><li>The SET attempted to rebound and hold above 1,300 points but failed as selling pressure persisted, driven largely by heavy foreign investor sell-offs.</li><li>Fund outflows were a key factor weighing on the index, with no fresh catalysts and investors still waiting for government stimulus measures.</li><li>The index may dip further, but we believe the downside is limited as the overall uptrend remains intact.</li></ul>

The SET attempted to rebound and hold above 1,300 points but failed as selling pressure persisted, driven largely by heavy foreign investor sell-offs.Fund outflows were a key factor weighing on the index, with no fresh catalysts and investors still waiting for government stimulus measures.The index may dip further, but we believe the downside is limited as the overall uptrend remains intact.

Krungthai XSpring Technical Eng. September 22, 2025

<ul><li>The SET came under profit-taking pressure and "sell-on-fact" activity after the Fed meeting delivered results in line with expectations.</li><li>In the short term, the index may face further downside as it remains below the 1,300-point level, with selling pressure likely to persist and the baht starting to weaken.</li><li>We expect the index’s downside to remain limited, with the sideways-up trend intact.</li></ul>

The SET came under profit-taking pressure and "sell-on-fact" activity after the Fed meeting delivered results in line with expectations.In the short term, the index may face further downside as it remains below the 1,300-point level, with selling pressure likely to persist and the baht starting to weaken.We expect the index’s downside to remain limited, with the sideways-up trend intact.

Krungthai XSpring Technical Eng. September 19, 2025

<ul><li>The SET moved within a narrow range throughout the day before closing slightly lower, pressured by short-term profit-taking.</li><li>Although the index weakened, it held above the 1,300-point level, signaling that sentiment and momentum remain positive.</li><li>Hence, we recommend selective speculation, focusing on blue-chip stocks that have recently pulled back.</li></ul>

The SET moved within a narrow range throughout the day before closing slightly lower, pressured by short-term profit-taking.Although the index weakened, it held above the 1,300-point level, signaling that sentiment and momentum remain positive.Hence, we recommend selective speculation, focusing on blue-chip stocks that have recently pulled back.

Krungthai XSpring Technical Eng. September 18, 2025

Thailand

TMBThanachart Bank Public Company Limited provides a full range of banking and financial services. The Bank offers corporate and personal lending, retail and wholesale banking, international trade financing, and investment banking services to its customers throughout Thailand.  It also has branches in Hong Kong, Laos, and Cayman Island.

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TMBThanachart Bank (TTB TB)

Krungthai XSpring Technical Eng. September 24, 2025

The SET attempted a rebound, led by a surge in DELTA, but lacked new supporting factors amid concerns over fund outflows following the weaker baht.

Krungthai XSpring

Krungthai XSpring Technical Eng. September 23, 2025

The index has continued to retreat, forming three consecutive black candlesticks that have turned the price pattern more negative and signaled a...

Krungthai XSpring

Krungthai XSpring Technical Eng. September 22, 2025

The SET attempted to rebound and hold above 1,300 points but failed as selling pressure persisted, driven largely by heavy foreign investor sell-offs.

Krungthai XSpring

Krungthai XSpring Technical Eng. September 19, 2025

In the short term, the index may face further downside as it remains below the 1,300-point level, with selling pressure likely to persist and the...

Krungthai XSpring

Krungthai XSpring Technical Eng. September 18, 2025

The SET moved within a narrow range throughout the day before closing slightly lower, pressured by short-term profit-taking.

Krungthai XSpring

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