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>There have been no changes to the portfolio today.</li>
<li>Our KTX Tactical DR Portfolio recorded an average return of +0.30%, supported by gains in software stocks such as ABNB06, GRAB80, and NOW19.</li>
<li>This came amid a broader consolidation in technology stocks after the Fed Chair signaled a relatively hawkish monetary policy stance.</li>
</ul>


There have been no changes to the portfolio today.
Our KTX Tactical DR Portfolio recorded an average return of +0.30%, supported by gains in software stocks such as ABNB06, GRAB80, and NOW19.
This came amid a broader consolidation in technology stocks after the Fed Chair signaled a relatively hawkish monetary policy stance.


KTX Tactical DR Picks - August 31, 2026 (Eng.)

<ul>
<li>There have been no changes to the portfolio today.</li>
<li>Our KTX Tactical DR Portfolio recorded an average return of +0.30%, supported by gains in software stocks such as ABNB06, GRAB80, and NOW19.</li>
<li>This came amid a broader consolidation in technology stocks after the Fed Chair signaled a relatively restrictive monetary policy stance.</li>
</ul>


There have been no changes to the portfolio today.
Our KTX Tactical DR Portfolio recorded an average return of +0.30%, supported by gains in software stocks such as ABNB06, GRAB80, and NOW19.
This came amid a broader consolidation in technology stocks after the Fed Chair signaled a relatively restrictive monetary policy stance.


New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

<ul><li>The September 2026 quarter was mixed for NZX-listed technology.</li><li>On balance, the NZX IT Index finished the quarter broadly flat.</li><li>We remain constructive on NZ large cap tech, with VGL, SKO, and GTK all OUTPERFORM.</li></ul>

The September 2026 quarter was mixed for NZX-listed technology.On balance, the NZX IT Index finished the quarter broadly flat.We remain constructive on NZ large cap tech, with VGL, SKO, and GTK all OUTPERFORM.

Forsyth Barr Technology Digest Edition 16—Muse-ing on Markets

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with support levels at 1,477 and 1,470 points (10-day EMA) and the resistance levels at 1,494 and 1,500 points.</li><li>The CME FedWatch Tool anticipates that the Fed will continue its rate-cutting trajectory with an additional 25 bps reduction, bringing the fed funds rate to 4.75%, following a previous 50 bps cut.</li><li>The Bank of England (BoE) is anticipated to reduce its interest rate by 25 bps to 4.75% in the upcoming meeting, marking the second cut this year.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with support levels at 1,477 and 1,470 points (10-day EMA) and the resistance levels at 1,494 and 1,500 points.The CME FedWatch Tool anticipates that the Fed will continue its rate-cutting trajectory with an additional 25 bps reduction, bringing the fed funds rate to 4.75%, following a previous 50 bps cut.The Bank of England (BoE) is anticipated to reduce its interest rate by 25 bps to 4.75% in the upcoming meeting, marking the second cut this year.

<ul><li>Technically, the SET Index is expected to fall, with the support at 1,265/1,250 points and the resistance at 1,281/1,286 points.</li><li>In the short term, the chart pattern shifted from an uptrend to a downtrend after the index reached a new low for the year at 1,274.25 points, compared to the previous low of 1,281.87 points on June 29, 2024.</li><li>We maintain our recommendation that investors take profit and wait to buy back when there is a new uptrend signal.</li></ul>

Technically, the SET Index is expected to fall, with the support at 1,265/1,250 points and the resistance at 1,281/1,286 points.In the short term, the chart pattern shifted from an uptrend to a downtrend after the index reached a new low for the year at 1,274.25 points, compared to the previous low of 1,281.87 points on June 29, 2024.We maintain our recommendation that investors take profit and wait to buy back when there is a new uptrend signal.

United States

Airbnb, Inc. operates an online marketplace for travel information and booking services. The Company offers lodging, home-stay, and tourism services via websites and mobile applications. Airbnb serves clients worldwide.

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Airbnb (ABNB US)

KTX Tactical DR Picks - August 31, 2026 (Eng.)

There have been no changes to the portfolio today. Our KTX Tactical DR Portfolio recorded an average return of +0.30%, supported by gains in...

Krungthai XSpring

KTX Tactical DR Picks - August 31, 2026 (Eng.)

There have been no changes to the portfolio today. Our KTX Tactical DR Portfolio recorded an average return of +0.30%, supported by gains in...

Krungthai XSpring

Forsyth Barr Technology Digest Edition 16—Muse-ing on Markets

The September 2026 quarter was mixed for NZX-listed technology. On balance, the NZX IT Index finished the quarter broadly flat. We remain...

Forsyth Barr

US FOMC & BoE Meetings

Technically, the SET Index is expected to move in a sideways-down pattern, with support levels at 1,477 and 1,470 points (10-day EMA) and the...

Krungthai XSpring

US Trade Balance and EU Retail Sales

Technically, the SET Index is expected to fall, with the support at 1,265/1,250 points and the resistance at 1,281/1,286 points. In the short...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

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