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.

Technical Analysis

<ul><li>The SET Index faced profit-taking after a sharp recent rally, as no new supportive catalysts emerged.</li><li>Despite the pressure, the SET managed to hold above the 1,200-point level.</li><li>The index is expected to move sideways or bounce up slightly as the price pattern did not change; we thus recommend selective speculation.</li></ul>

The SET Index faced profit-taking after a sharp recent rally, as no new supportive catalysts emerged.Despite the pressure, the SET managed to hold above the 1,200-point level.The index is expected to move sideways or bounce up slightly as the price pattern did not change; we thus recommend selective speculation.

<ul><li>The SET began trading in a narrow range before coming under pressure from falling inflation figures and profit-taking, amid a lack of fresh market catalysts.</li><li>The index tested the 1,200-point resistance level for a second time but failed to sustain a break above it on both occasions.</li><li>We therefore recommend selective speculation with the focus on stocks that are on the market's radar, believing that blue chips will continue to lead the market.</li></ul>

The SET began trading in a narrow range before coming under pressure from falling inflation figures and profit-taking, amid a lack of fresh market catalysts.The index tested the 1,200-point resistance level for a second time but failed to sustain a break above it on both occasions.We therefore recommend selective speculation with the focus on stocks that are on the market's radar, believing that blue chips will continue to lead the market.

<ul><li>The SET surged sharply to touch 1,214.75 points, driven by a rebound in Asian bourses in line with US markets, easing trade war concerns, the MPC's interest rate cut, and the launch of the Thai ESGX fund.</li><li>We believe the index will be able to hold above the 1,200-point level, supported by continued buying interest.</li><li>We maintain our recommendation for selective speculation, as the index is expected to move above the 1,200-point level.</li></ul>

The SET surged sharply to touch 1,214.75 points, driven by a rebound in Asian bourses in line with US markets, easing trade war concerns, the MPC's interest rate cut, and the launch of the Thai ESGX fund.We believe the index will be able to hold above the 1,200-point level, supported by continued buying interest.We maintain our recommendation for selective speculation, as the index is expected to move above the 1,200-point level.

<ul><li>Although US markets surged, most Asian bourses, including the SET, faced selling pressure from the uncertainty surrounding the US-China trade talks and falling oil prices.</li><li>As a result, the index is likely to continue moving sideways, awaiting a potential rebound.</li><li>We maintain our recommendation to sell on rises, buy on dips.</li></ul>

Although US markets surged, most Asian bourses, including the SET, faced selling pressure from the uncertainty surrounding the US-China trade talks and falling oil prices.As a result, the index is likely to continue moving sideways, awaiting a potential rebound.We maintain our recommendation to sell on rises, buy on dips.

Errawarra Resources  / Technical Analysis

<ul><li>President Trump's plan to impose import tariffs, coupled with concerns that the Fed may delay interest rate cuts, weighed on Asian markets.</li><li>The index failed to hold above the 1,250-point support, which could lead it to fall to the previous low of 1,236 points.</li><li>As long as the index does not stand above 1,250 points, we recommend wait &amp; see because it risks falling further.</li></ul>

President Trump's plan to impose import tariffs, coupled with concerns that the Fed may delay interest rate cuts, weighed on Asian markets.The index failed to hold above the 1,250-point support, which could lead it to fall to the previous low of 1,236 points.As long as the index does not stand above 1,250 points, we recommend wait &amp; see because it risks falling further.

Krungthai XSpring Technical Eng. February 21, 2025

Canada

Ascot Resources Ltd. operates as junior resource company. The Company develops mineral and resource properties for minerals like sand and gravel, gold, silver, and diamonds. Ascot Resources serves worldwide.

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Ascot Resources (AOT CN)

Recommendation: Selective Speculation

The SET Index faced profit-taking after a sharp recent rally, as no new supportive catalysts emerged. Despite the pressure, the SET managed to...

Krungthai XSpring

Recommendation: Selective Speculation

The SET began trading in a narrow range before coming under pressure from falling inflation figures and profit-taking, amid a lack of fresh market...

Krungthai XSpring

Recommendation: Selective Speculation

The SET surged sharply to touch 1,214.75 points, driven by a rebound in Asian bourses in line with US markets, easing trade war concerns, the...

Krungthai XSpring

Technical Analysis

Although US markets surged, most Asian bourses, including the SET, faced selling pressure from the uncertainty surrounding the US-China trade...

Krungthai XSpring

Krungthai XSpring Technical Eng. February 21, 2025

President Trump's plan to impose import tariffs, coupled with concerns that the Fed may delay interest rate cuts, weighed on Asian markets. The...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)