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.

Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,356/1,348 points and the resistance at 1,375/1,382 points (25-day EMA).</li><li>TISCO reported a net profit of Bt1,733mn, lower than projection of the Bloomberg consensus and down 3.3% YoY and 2.6% QoQ due to the slowdown in non-interest income and higher funding costs.</li><li>We recommend stocks with positive news: SAPPE, ICHI, and TKN.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,356/1,348 points and the resistance at 1,375/1,382 points (25-day EMA).TISCO reported a net profit of Bt1,733mn, lower than projection of the Bloomberg consensus and down 3.3% YoY and 2.6% QoQ due to the slowdown in non-interest income and higher funding costs.We recommend stocks with positive news: SAPPE, ICHI, and TKN.

<ul><li>The SET Index is expected to move sideways down, with the support at 1,660/1,650 points and the resistance at 1,675/1,680 points.</li><li>Overall, earnings performances have been disappointing due to lower sales as a result of the global economic slowdown against higher costs, including energy and foreign exchange costs.</li><li>Hence, we recommend buying at the support at 1,650 points, where a technical rebound is expected.</li></ul>

The SET Index is expected to move sideways down, with the support at 1,660/1,650 points and the resistance at 1,675/1,680 points.Overall, earnings performances have been disappointing due to lower sales as a result of the global economic slowdown against higher costs, including energy and foreign exchange costs.Hence, we recommend buying at the support at 1,650 points, where a technical rebound is expected.

Germany

adidas AG manufactures sports shoes and sports equipment. The Company produces products that include footwear, sports apparel, and golf clubs and balls. adidas sells its products worldwide.

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adidas (ADDYY US)

1Q24E Corporate Earnings

Technically, the SET Index is expected to move sideways down, with the support at 1,356/1,348 points and the resistance at 1,375/1,382 points...

Krungthai XSpring

Today's Dominant Ideas

The SET Index is expected to move sideways down, with the support at 1,660/1,650 points and the resistance at 1,675/1,680 points. Overall,...

Krungthai XSpring

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