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>We reinitiate our coverage on ADVANC with a Neutral rating.</li><li>While the valuation appears attractive from a fundamental perspective, with 13% upside to its fair value, this is offset by its earnings growth outlook, which remains below the average of major regional operators.</li><li>In addition, the tactical outlook remains neutral.</li></ul>

We reinitiate our coverage on ADVANC with a Neutral rating.While the valuation appears attractive from a fundamental perspective, with 13% upside to its fair value, this is offset by its earnings growth outlook, which remains below the average of major regional operators.In addition, the tactical outlook remains neutral.

ADVANCED INFO SERVICE - Resuming Normal Growth Mode in 2025E

Thematic (Sector/Industry)

<ul><li>Today's SET Index is expected to move sideways down, with the support levels at 1,127 and 1,114 points and the resistance levels at 1,144 and 1,150 points.</li><li>The positive momentum from international markets may not be enough to ease concerns over domestic risks.</li><li>From a technical perspective, the market is still awaiting a new buy signal, which could be triggered either by holding the key support at 1,114 points or breaking above 1,144 points. </li></ul>

Today's SET Index is expected to move sideways down, with the support levels at 1,127 and 1,114 points and the resistance levels at 1,144 and 1,150 points.The positive momentum from international markets may not be enough to ease concerns over domestic risks.From a technical perspective, the market is still awaiting a new buy signal, which could be triggered either by holding the key support at 1,114 points or breaking above 1,144 points. 

KTX Zoom: Follow Developments in US-China Trade Talks Today - JUNE 9, 2025

<ul><li>The SET Index is expected to weaken, with the support levels at 1,127/1,114 points and the resistance at 1,144/1,150 points.</li><li>Technically, no buy signal has emerged yet, as the index continued to decline yesterday and broke below the key support level of 1,144 points.</li><li>As a result, the main entry point for the next rebound has been revised down to 1,114 points. </li></ul>

The SET Index is expected to weaken, with the support levels at 1,127/1,114 points and the resistance at 1,144/1,150 points.Technically, no buy signal has emerged yet, as the index continued to decline yesterday and broke below the key support level of 1,144 points.As a result, the main entry point for the next rebound has been revised down to 1,114 points. 

<ul><li>The SET Index faced pressure from a temporary suspension of the US International Trade Court tariff ruling by the US Federal Appeals Court.</li><li>Combined with the impact of the MSCI rebalancing and the upcoming long holiday, this led the index to trade in negative territory throughout the day.</li><li>Selling pressure in large-cap stocks, particularly DELTA, ADVANC, and CPALL, pulled the index below the 1,150-point level, resulting in a weekly decline of 2.31%.</li></ul>

The SET Index faced pressure from a temporary suspension of the US International Trade Court tariff ruling by the US Federal Appeals Court.Combined with the impact of the MSCI rebalancing and the upcoming long holiday, this led the index to trade in negative territory throughout the day.Selling pressure in large-cap stocks, particularly DELTA, ADVANC, and CPALL, pulled the index below the 1,150-point level, resulting in a weekly decline of 2.31%.

<ul><li>The SET rebounded in line with broader Asian markets after the International Trade Court ordered a suspension of President Trump’s tariff measures.</li><li>However, the absence of strong domestic catalysts and persistently low trading volume led to profit-taking pressure, causing the index to retreat.</li><li>Still, gains in DELTA, along with energy and food stocks, helped the index close slightly higher.</li></ul>

The SET rebounded in line with broader Asian markets after the International Trade Court ordered a suspension of President Trump’s tariff measures.However, the absence of strong domestic catalysts and persistently low trading volume led to profit-taking pressure, causing the index to retreat.Still, gains in DELTA, along with energy and food stocks, helped the index close slightly higher.

Thailand

Advanced Info Service Public Company Limited is granted a 25-year concession expiring the year 2015 by the Telephone Organization of Thailand to provide cellular phone services.  The Company provides analog mobile phone services through the Nordic Mobile Telephone (NMT900) network, and digital phone services through the Global Systems for Mobile Communication (GSM) network.

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Advanced Info Service (ADVANC-R TB)

ADVANCED INFO SERVICE - Resuming Normal Growth Mode in 2025E

While the valuation appears attractive from a fundamental perspective, with 13% upside to its fair value, this is offset by its earnings growth...

Krungthai XSpring

KTX Zoom: Follow Developments in US-China Trade Talks Today - JUNE 9, 2025

Today's SET Index is expected to move sideways down, with the support levels at 1,127 and 1,114 points and the resistance levels at 1,144 and 1,150...

Krungthai XSpring

KTX Zoom - JUNE 5, 2025

The SET Index is expected to weaken, with the support levels at 1,127/1,114 points and the resistance at 1,144/1,150 points. Technically, no buy...

Krungthai XSpring

Technical Analysis - JUNE 4, 2025

The SET Index faced pressure from a temporary suspension of the US International Trade Court tariff ruling by the US Federal Appeals Court.

Krungthai XSpring

Technical Analysis - MAY 30, 2025

The SET rebounded in line with broader Asian markets after the International Trade Court ordered a suspension of President Trump’s tariff measures.

Krungthai XSpring

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