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

Advanced Micro Devices / Equity Bottom-Up

<ul><li>The KTX Tactical DR picks remain unchanged today, maintaining positions in AMD80, AVG080, BIDU80, and JD80.</li><li>The average price of the underlying securities in the portfolio was relatively stable at -0.09%, amid a global technical rebound that occurred before President Donald Trump announced a ceasefire agreement between Israel and Iran, which came after US stock markets had closed.</li><li>Based on our analysis using the KTX USDTHB Carry Trade model, the baht has started to weaken to a moderate level, which is expected to result in sideways movement.</li></ul>

The KTX Tactical DR picks remain unchanged today, maintaining positions in AMD80, AVG080, BIDU80, and JD80.The average price of the underlying securities in the portfolio was relatively stable at -0.09%, amid a global technical rebound that occurred before President Donald Trump announced a ceasefire agreement between Israel and Iran, which came after US stock markets had closed.Based on our analysis using the KTX USDTHB Carry Trade model, the baht has started to weaken to a moderate level, which is expected to result in sideways movement.

<ul><li>We recommend closing the investment position in HONDA19 as it no longer meets the short-term earnings momentum criteria.</li><li>Meanwhile, we recommend opening positions in AMD80, a DR linked to Advanced Micro Devices – a leading high performance and adaptive computing solutions company listed on the NASDAQ – and BIDU80, a DR linked to Baidu, a major Chinese internet search engine company listed on the Hong Kong Stock Exchange.</li><li>The average price of the underlying securities in the portfolio declined by 0.05%, in line with the weakness of the underlying companies listed on Asian stock markets.</li></ul>

We recommend closing the investment position in HONDA19 as it no longer meets the short-term earnings momentum criteria.Meanwhile, we recommend opening positions in AMD80, a DR linked to Advanced Micro Devices – a leading high performance and adaptive computing solutions company listed on the NASDAQ – and BIDU80, a DR linked to Baidu, a major Chinese internet search engine company listed on the Hong Kong Stock Exchange.The average price of the underlying securities in the portfolio declined by 0.05%, in line with the weakness of the underlying companies listed on Asian stock markets.

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>Nvidia hosted GTC 2024 this morning, showcasing its latest developments in various sectors, including healthcare, auto, and quantum computing, along with the introduction of the most powerful GPU architecture named Blackwell, featuring 208bn transistors and using a 4nm process from TSMC.</li><li>The Blackwell GPU consists of two reticle-sized chips, each with 104bn transistors, connected by NVLink 5.0 interconnects that join them seamlessly.</li><li>The first Blackwell chip is called GB200 and is planned for shipment later in 2024. When comparing to its predecessor, H100, as well as competing products from AMD, Intel, and others, the new Blackwell GPU accelerators are poised to offer a huge upgrade for AI companies.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nvidia hosted GTC 2024 this morning, showcasing its latest developments in various sectors, including healthcare, auto, and quantum computing, along with the introduction of the most powerful GPU architecture named Blackwell, featuring 208bn transistors and using a 4nm process from TSMC.The Blackwell GPU consists of two reticle-sized chips, each with 104bn transistors, connected by NVLink 5.0 interconnects that join them seamlessly.The first Blackwell chip is called GB200 and is planned for shipment later in 2024. When comparing to its predecessor, H100, as well as competing products from AMD, Intel, and others, the new Blackwell GPU accelerators are poised to offer a huge upgrade for AI companies.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul>
<li>We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia and is expected to begin the next testing phase soon.</li>
<li>Entering Nvidia’s supply chain not only is a validation of the company’s R&amp;D capabilities, but also suggests the company is likely to see continued margin expansion as high-end products typically yield a higher margin.</li>
<li>Our positive outlook for the company is further bolstered by its extensive market reach and the potential for the CCL sector to recover more quickly than the PCB sector in 2024.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia and is expected to begin the next testing phase soon.
Entering Nvidia’s supply chain not only is a validation of the company’s R&amp;D capabilities, but also suggests the company is likely to see continued margin expansion as high-end products typically yield a higher margin.
Our positive outlook for the company is further bolstered by its extensive market reach and the potential for the CCL sector to recover more quickly than the PCB sector in 2024.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Shengyi Tech (600183 CH) – Expect Shengyi to Enter Nvidia Supply Chain in 2024

United States

Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.

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Advanced Micro Devices (AMD US)

KTX Tactical DR Picks

The KTX Tactical DR picks remain unchanged today, maintaining positions in AMD80, AVG080, BIDU80, and JD80. The average price of the underlying...

Krungthai XSpring

KTX Tactical DR Picks

We recommend closing the investment position in HONDA19 as it no longer meets the short-term earnings momentum criteria. Meanwhile, we recommend...

Krungthai XSpring

Semi - Nvidia GTC 2024: A Quick Take

Nvidia hosted GTC 2024 this morning, showcasing its latest developments in various sectors, including healthcare, auto, and quantum computing

CMB International

Shengyi Tech (600183 CH) – Expect Shengyi to Enter Nvidia Supply Chain in 2024

We have noticed several news outlets reporting that Shengyi Tech’s latest ultralow (UL) loss CCL product (Synamic9GN) has been certified by Nvidia...

CMB International

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