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.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (200-day EMA)/1,383 points (50-week EMA) and the support at 1,358/1,353 points (10-day EMA).</li><li>In the short term, the index is undergoing a correction before resuming its upward movement.</li><li>We maintain our recommendation that investors buy when it weakens.</li></ul>

Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (200-day EMA)/1,383 points (50-week EMA) and the support at 1,358/1,353 points (10-day EMA).In the short term, the index is undergoing a correction before resuming its upward movement.We maintain our recommendation that investors buy when it weakens.

Krungthai XSpring Zoom Eng. September 5, 2024

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,360/1,372 points (200-day EMA) and the support at 1,343 points (25-week EMA)/1,336 points.</li><li>We maintain our recommendation that investors accumulate when the index weakens and wait to take profit at the resistance at 1,372 points.</li><li>In August, foreign investment in Thailand became more pronounced.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,360/1,372 points (200-day EMA) and the support at 1,343 points (25-week EMA)/1,336 points.We maintain our recommendation that investors accumulate when the index weakens and wait to take profit at the resistance at 1,372 points.In August, foreign investment in Thailand became more pronounced.

Equity Bottom-Up

<ul>
<li>The KTX Tactical Picks portfolio is constructed by KTX, with investments limited to securities covered by at least four analysts.</li>
<li>There have been no changes to the portfolio today.</li>
<li>Strong gains in AMATA, ERW and PLANB lifted the portfolio return by 0.5%, broadly in line with the SET.</li>
</ul>


The KTX Tactical Picks portfolio is constructed by KTX, with investments limited to securities covered by at least four analysts.
There have been no changes to the portfolio today.
Strong gains in AMATA, ERW and PLANB lifted the portfolio return by 0.5%, broadly in line with the SET.


KTX TACTICAL PICKS - September 4, 2026 (Eng.)

Technical Analysis

<ul><li>Despite the recovery of Asian bourses and expectations of window dressing, the SET fell sharply due to declines in key sectors, including energy, transportation, commerce, finance, petroleum and healthcare.</li><li>This puts the index at risk of a further decline or even setting new lows.</li><li>The index is tending to weaken, and it must stay above 1,300 points for there to be a chance for a rebound.</li></ul>

Despite the recovery of Asian bourses and expectations of window dressing, the SET fell sharply due to declines in key sectors, including energy, transportation, commerce, finance, petroleum and healthcare.This puts the index at risk of a further decline or even setting new lows.The index is tending to weaken, and it must stay above 1,300 points for there to be a chance for a rebound.

Recommendation: Buy on Weakness, Sell on Strength

<ul><li>Asian bourses declined amid market concerns about the political situation, which affected investor confidence, alongside the MSCI rebalancing, which led large cap stocks to weaken.</li><li>Foreign investors continued to sell for the sixth consecutive day, taking the SET below the 1,350-point level.</li><li>We recommend holding cash unless the index is able to return to stay above 1,360 points or there is heavy buying volume.</li></ul>

Asian bourses declined amid market concerns about the political situation, which affected investor confidence, alongside the MSCI rebalancing, which led large cap stocks to weaken.Foreign investors continued to sell for the sixth consecutive day, taking the SET below the 1,350-point level.We recommend holding cash unless the index is able to return to stay above 1,360 points or there is heavy buying volume.

Thailand

Amata VN Public Company Limited is a Thailand-based holding company that invests in and develops industrial estates, commercial, and residential areas in Vietnam. The company offers industrial land lease, ready-built factories, commercial and residential land lease, office rental services, and utility services. Amata VN was founded in 2012 and has its headquarters in Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Amata VN (AMATAV-R TB)

Krungthai XSpring Zoom Eng. September 5, 2024

Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (200-day EMA)/1,383 points (50-week EMA) and the...

Krungthai XSpring

Thai Trade Balance in July

Technically, the SET Index is expected to move sideways up, with the resistance at 1,360/1,372 points (200-day EMA) and the support at 1,343...

Krungthai XSpring

KTX TACTICAL PICKS - September 4, 2026 (Eng.)

The KTX Tactical Picks portfolio is constructed by KTX, with investments limited to securities covered by at least four analysts. There have been...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

Despite the recovery of Asian bourses and expectations of window dressing, the SET fell sharply due to declines in key sectors, including energy,...

Krungthai XSpring

Recommendation: Hold Cash

Asian bourses declined amid market concerns about the political situation, which affected investor confidence, alongside the MSCI rebalancing,...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)