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>President Trump’s threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.</li><li>Although the index tumbled, no negative signals emerged to further weigh on it.</li><li>We recommend selective speculation while expecting the index to show limited downside or move sideways in the near term.</li></ul>

President Trump’s threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.Although the index tumbled, no negative signals emerged to further weigh on it.We recommend selective speculation while expecting the index to show limited downside or move sideways in the near term.

Krungthai XSpring Technical Eng. August 27, 2025

<ul><li>The SET opened in a narrow range as THAI and DELTA extended their declines, but buying interest gradually picked up.</li><li>The index's rebound, accompanied by a bullish engulfing signal, suggests a potential trend reversal with further upside momentum.</li><li>We recommend buying on dips, selling on strength, as the market awaits clearer signals regarding political issues and the upcoming Fed meeting this week.</li></ul>

The SET opened in a narrow range as THAI and DELTA extended their declines, but buying interest gradually picked up.The index's rebound, accompanied by a bullish engulfing signal, suggests a potential trend reversal with further upside momentum.We recommend buying on dips, selling on strength, as the market awaits clearer signals regarding political issues and the upcoming Fed meeting this week.

Krungthai XSpring Technical Eng. August 21, 2025

Thailand

XSpring Capital Public Company Limited is a Thailand-based financial services firm that invests in diverse businesses both domestically and internationally. It operates through five segments: Securities, Fund Asset Management, Digital Assets, Asset Management, and Investment and Other, offering services like securities brokerage, digital asset dealing, and wealth management. The company was founded in 1974 and is headquartered in Bangkok, Thailand.

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XSpring Capital (XPG 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. August 27, 2025

President Trump’s threat to raise tariffs on imports from Europe and China pressured Asian markets and the SET to move lower.

Krungthai XSpring

Krungthai XSpring Technical Eng. August 21, 2025

We recommend buying on dips, selling on strength, as the market awaits clearer signals regarding political issues and the upcoming Fed meeting this...

Krungthai XSpring

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