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.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,205/1,194 points (10-day EMA) and the resistance at 1,225/1,231 points.</li><li>In the short term, the rally of over 15% from the recent low of 1,056.41 points on April 8 appears to be nearing its end.</li><li>We expect clarity soon on the peak of Wave 1 (out of 5 upward waves in the Elliott Wave pattern), before entering a correction phase, where Wave 2 typically retraces 50-61.8% of Wave 1. </li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,205/1,194 points (10-day EMA) and the resistance at 1,225/1,231 points.In the short term, the rally of over 15% from the recent low of 1,056.41 points on April 8 appears to be nearing its end.We expect clarity soon on the peak of Wave 1 (out of 5 upward waves in the Elliott Wave pattern), before entering a correction phase, where Wave 2 typically retraces 50-61.8% of Wave 1. 

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