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 up, with the resistance at 1,372 points (200-day EMA)/1,380 points and the support at 1,360/1,355 points.</li><li>In the short term, the index is in an uptrend, having posted higher highs and higher lows for eight consecutive days.</li><li>We recommend stocks with positive factors: BJC, TLI (added to the MSCI Small Cap Index, effective this Friday), and SCB.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,372 points (200-day EMA)/1,380 points and the support at 1,360/1,355 points.In the short term, the index is in an uptrend, having posted higher highs and higher lows for eight consecutive days.We recommend stocks with positive factors: BJC, TLI (added to the MSCI Small Cap Index, effective this Friday), and SCB.

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,360/1,350 points (1/2 and 2/3 of the Fibonacci range of 1,320-1,404 points) and the resistance at 1,371/1,375 points (25-day EMA/50-day EMA).</li><li>Consensus expectations for German inflation in May are +0.2% MoM and +2.4% YoY (compared to April's +0.5% MoM and +2.2% YoY).</li><li>We recommend stocks with positive news stories: TTB, HANA and SVI.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,360/1,350 points (1/2 and 2/3 of the Fibonacci range of 1,320-1,404 points) and the resistance at 1,371/1,375 points (25-day EMA/50-day EMA).Consensus expectations for German inflation in May are +0.2% MoM and +2.4% YoY (compared to April's +0.5% MoM and +2.2% YoY).We recommend stocks with positive news stories: TTB, HANA and SVI.

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,375/1,381 points (10-day and 25-day EMA) and the support at 1,362/1,357 points.</li><li>We anticipate the chairman to reiterate a cautious approach towards cutting the fed funds rate, given the lingering risk of persistent inflation.</li><li>The ECB is anticipated to maintain the policy interest rate for the fourth consecutive time at 4.5%.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,375/1,381 points (10-day and 25-day EMA) and the support at 1,362/1,357 points.We anticipate the chairman to reiterate a cautious approach towards cutting the fed funds rate, given the lingering risk of persistent inflation.The ECB is anticipated to maintain the policy interest rate for the fourth consecutive time at 4.5%.

<ul><li>The SET Index today is expected to fluctuate, with the support at 1,660/1,650 points and the resistance at 1,673/1,680 points.</li><li>Investment strategy: We recommend high dividend stocks with yields over 4% within May 2023, as they are expected to outperform the market during the dividend payment season from February to May.</li><li>The SET swung in both positive and negative territory, with turnover of Bt52bn.</li></ul>

The SET Index today is expected to fluctuate, with the support at 1,660/1,650 points and the resistance at 1,673/1,680 points.Investment strategy: We recommend high dividend stocks with yields over 4% within May 2023, as they are expected to outperform the market during the dividend payment season from February to May.The SET swung in both positive and negative territory, with turnover of Bt52bn.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,613 points (200-day EMA)/1,607 points.</li><li>Today's investment momentum is slightly positive due to the optimism over the meeting between US President Joe Biden and Chinese President Xi Jinping.</li><li>The Republican Party has gained a majority in the House of Representatives with 218 seats, while the Democrats have won a slim majority in the Senate.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,613 points (200-day EMA)/1,607 points.Today's investment momentum is slightly positive due to the optimism over the meeting between US President Joe Biden and Chinese President Xi Jinping.The Republican Party has gained a majority in the House of Representatives with 218 seats, while the Democrats have won a slim majority in the Senate.

Japan

AIT CORPORATION provides comprehensive international cargo and container booking services.  The Company mainly operates its business in Japan, China and other major Asian cities.

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AIT Corp (9381 JP)

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Technically, the SET Index is expected to move sideways down, with the support at 1,360/1,350 points (1/2 and 2/3 of the Fibonacci range of...

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Technically, the SET Index is expected to move sideways up, with the resistance at 1,375/1,381 points (10-day and 25-day EMA) and the support at...

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The SET Index today is expected to fluctuate, with the support at 1,660/1,650 points and the resistance at 1,673/1,680 points. Investment...

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Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,613 points (200-day EMA)/1,607...

Krungthai XSpring

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