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>Technically, the index is expected to move weakly, with the support at 1,317/1,311 points and the resistance at 1,325/1,332 points.</li><li>The European Central Bank is expected to maintain the policy interest rate at 4.25%.</li><li>Conclusions from the Central Committee of the Communist Party meeting are anticipated to be positive for the Chinese and broader Asian stock markets, particularly if there are indications of large-scale economic stimulus.</li></ul>

Technically, the index is expected to move weakly, with the support at 1,317/1,311 points and the resistance at 1,325/1,332 points.The European Central Bank is expected to maintain the policy interest rate at 4.25%.Conclusions from the Central Committee of the Communist Party meeting are anticipated to be positive for the Chinese and broader Asian stock markets, particularly if there are indications of large-scale economic stimulus.

Technical Analysis

3BB Internet Infrastructure Fund / Technical Analysis

3BB Internet Infrastructure Fund (3BBIF TB)

<ul><li>We recommend selective speculation because the index is expected to move sideways or rise.</li><li>Despite foreign investors turning to buy, EA's sharp decline for the second consecutive day weighed on market sentiment.</li><li>The index returned to move within a narrow range.</li></ul>

We recommend selective speculation because the index is expected to move sideways or rise.Despite foreign investors turning to buy, EA's sharp decline for the second consecutive day weighed on market sentiment.The index returned to move within a narrow range.

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,317/1,310 points and the resistance at 1,325/1,331 points (50-day EMA).</li><li>Therefore, we maintain our recommendation that investors gradually sell to take profit and wait to buy back when there is a new uptrend signal.</li><li>Investment strategy: We recommend stocks with positive issues: STEC, GULF and AMATA.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,317/1,310 points and the resistance at 1,325/1,331 points (50-day EMA).Therefore, we maintain our recommendation that investors gradually sell to take profit and wait to buy back when there is a new uptrend signal.Investment strategy: We recommend stocks with positive issues: STEC, GULF and AMATA.

<ul><li>The SET weakened as soon as trading opened, remaining in negative territory throughout the day.</li><li>The index managed to stay above the 1,325-point level, and a bounce from the 1,320-point area created a white candlestick, indicating a positive price pattern and the potential for upward movement.</li><li>We recommend selective speculation, and investors should sell some shares to lock in profit when the index approaches the resistance.</li></ul>

The SET weakened as soon as trading opened, remaining in negative territory throughout the day.The index managed to stay above the 1,325-point level, and a bounce from the 1,320-point area created a white candlestick, indicating a positive price pattern and the potential for upward movement.We recommend selective speculation, and investors should sell some shares to lock in profit when the index approaches the resistance.

Krungthai XSpring Technical Eng. July 16, 2024

<ul><li>The SET continued to face selling pressure and remained in negative territory throughout the day, despite the absence of new negative factors affecting the market.</li><li>The index declined steadily due to insufficient buying power, indicating a potential downtrend with persistent negative sentiment.</li><li>The index is waiting for positive signals to boost it and remains under selling pressure; we therefore recommend buying at the support.</li></ul>

The SET continued to face selling pressure and remained in negative territory throughout the day, despite the absence of new negative factors affecting the market.The index declined steadily due to insufficient buying power, indicating a potential downtrend with persistent negative sentiment.The index is waiting for positive signals to boost it and remains under selling pressure; we therefore recommend buying at the support.

United States

Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.

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Electronic Arts (EA US)

Keep a Close Watch on the ECB Meeting

Technically, the index is expected to move weakly, with the support at 1,317/1,311 points and the resistance at 1,325/1,332 points. The European...

Krungthai XSpring

Recommendation: Selective Speculation

We recommend selective speculation because the index is expected to move sideways or rise. Despite foreign investors turning to buy, EA's sharp...

Krungthai XSpring

Strategic Daily Picks

Technically, the SET Index is expected to move sideways down, with the support at 1,317/1,310 points and the resistance at 1,325/1,331 points...

Krungthai XSpring

Krungthai XSpring Technical Eng. July 16, 2024

The SET weakened as soon as trading opened, remaining in negative territory throughout the day. The index managed to stay above the 1,325-point...

Krungthai XSpring

Recommendation: Buy at the Support

The SET continued to face selling pressure and remained in negative territory throughout the day, despite the absence of new negative factors...

Krungthai XSpring

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