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, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points.</li><li>The market is still waiting for a breakout signal from the index in the short term after it continued to fluctuate sideways in the range of 1,320-1,332 points for the eighth day.</li><li>It is currently being determined whether the index will move in an upward direction (W-shape) to 1,346/1,362 points or reverse to a downward direction (M-shape) to 1,292 points.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points.The market is still waiting for a breakout signal from the index in the short term after it continued to fluctuate sideways in the range of 1,320-1,332 points for the eighth day.It is currently being determined whether the index will move in an upward direction (W-shape) to 1,346/1,362 points or reverse to a downward direction (M-shape) to 1,292 points.

Keep a Close Watch on Thai Banks' Earnings

Podcast by Magellan Asset Management, Magellan Asset Management

MAGELLAN - IN THE KNOW

Podcast by Magellan Asset Management

Magellan Asset Management

‘In The Know’ is a new monthly investment podcast brought to you by Magellan Asset Management, one of Australia’s leading global equities investors. We seek to bring you timely, unique and thought-provoking insights to help you make sense of today’s investment landscape. From deep dives into the latest macroeconomic and geopolitical issues, to our analysis on sectors and stocks on global markets. Join Magellan, as they connect with a myriad of experts in their field, including CEOs of stocks we hold, global leaders and consultants in finance, investing, risk and politics, and key members of our investment team and business. ‘In The Know’ - a monthly podcast from Magellan is worth investing your time in! Magellan - Experts in global investing.

<ul><li>The electronic financial transactions industry is expanding, with a focus on personalization, the gig economy, and fraud prevention</li><li>Mastercard is well positioned to benefit from the shift away from cash and towards digital payments</li><li>Magellan's portfolio manager Alyssa DeMarco discusses Mastercard's growth and innovation with Devin Core, highlighting the company's evolution over the past decade and its strategic focus on diversification and global expansion</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

The electronic financial transactions industry is expanding, with a focus on personalization, the gig economy, and fraud preventionMastercard is well positioned to benefit from the shift away from cash and towards digital paymentsMagellan's portfolio manager Alyssa DeMarco discusses Mastercard's growth and innovation with Devin Core, highlighting the company's evolution over the past decade and its strategic focus on diversification and global expansionThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>American Express Company delivered a solid result and managed an all-around beat in the last quarter, continuing the impressive trajectory of its financial performance.</li><li>The company reported its 7th consecutive quarter of tangible results, with significant revenues reaching $15.4 billion, showcasing a 13% year-over-year increase.</li><li>The company further introduced product improvements and analytics advancements to its digital cash flow management hub, American Express Business Blueprint.</li></ul>

American Express Company delivered a solid result and managed an all-around beat in the last quarter, continuing the impressive trajectory of its financial performance.The company reported its 7th consecutive quarter of tangible results, with significant revenues reaching $15.4 billion, showcasing a 13% year-over-year increase.The company further introduced product improvements and analytics advancements to its digital cash flow management hub, American Express Business Blueprint.

American Express Company: Launch Of American Express Business Blueprint & Other Developments

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cuscal-limited" target="_blank" data-smartkarma-citation="entities:40209:1" rel="noopener">Cuscal Limited (1229Z AU)</a> is looking to raise US$234m in its upcoming Australia IPO.</li>
<li>Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.</li>
<li>In our previous note we looked at the company’s past performance, in this note we will undertake a peer comparison and share our thoughts on valuation.</li>
</ul>



Cuscal Limited (1229Z AU) is looking to raise US$234m in its upcoming Australia IPO.
Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
In our previous note we looked at the company’s past performance, in this note we will undertake a peer comparison and share our thoughts on valuation.


Cuscal IPO - Peer Comparison & Thoughts on Valuation

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cuscal-limited" target="_blank" data-smartkarma-citation="entities:40209:1" rel="noopener">Cuscal Limited (1229Z AU)</a> is looking to raise US$234m in its upcoming Australia IPO.</li>
<li>Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.</li>
<li>In this note, we will talk about the not so positive aspects of the deal.</li>
</ul>



Cuscal Limited (1229Z AU) is looking to raise US$234m in its upcoming Australia IPO.
Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
In this note, we will talk about the not so positive aspects of the deal.


Cuscal Pre-IPO - The Negatives - Margins Have Declined and Growth May Be Capped

United States

American Express Company is a global payment and travel company. The Company's principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.

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American Express Co (AXP US)

Keep a Close Watch on Thai Banks' Earnings

Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points. The...

Krungthai XSpring

Mastering the World of Payments

Magellan's investment in Mastercard has yielded over 20% annual returns for over 14 years, with the company well positioned to benefit from the...

MAGELLAN - IN THE KNOW

American Express Company: Launch Of American Express Business Blueprint & Other Developments

American Express Company delivered a solid result and managed an all-around beat in the last quarter, continuing the impressive trajectory of its...

Baptista Research

Cuscal IPO - Peer Comparison & Thoughts on Valuation

Cuscal Limited (1229Z AU) is looking to raise US$234m in its upcoming Australia IPO. In this note we will undertake a peer comparison and share our...

Clarence Chu

Cuscal Pre-IPO - The Negatives - Margins Have Declined and Growth May Be Capped

Cuscal Limited (1229Z AU) is looking to raise US$234m in its upcoming Australia IPO. In this note, we will talk about the not so positive aspects...

Clarence Chu

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