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>The SET Index is expected to weaken, with the resistance at 1,630/1,635 points and the support at 1,611 points (50-week EMA)/1,600 points.</li><li>The Bank of Thailand expects the Thai economy in 3Q22E to grow more than 3% YoY, improving from the 2Q22 figure of +2.5% YoY and 1Q22's +2.2% YoY.</li><li>BofA's survey of 272 fund managers from November 4-10 showed that the global economy is at high risk of a recession (77%) and stagflation (92%).</li></ul>

The SET Index is expected to weaken, with the resistance at 1,630/1,635 points and the support at 1,611 points (50-week EMA)/1,600 points.The Bank of Thailand expects the Thai economy in 3Q22E to grow more than 3% YoY, improving from the 2Q22 figure of +2.5% YoY and 1Q22's +2.2% YoY.BofA's survey of 272 fund managers from November 4-10 showed that the global economy is at high risk of a recession (77%) and stagflation (92%).

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.</li><li>We recommend trading buy on GULF, HMPRO and SCB.</li><li>Positive momentum today will be generated by the better-than-expected US corporate earnings reports, which are expected to drive global equity markets in the short term.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.We recommend trading buy on GULF, HMPRO and SCB.Positive momentum today will be generated by the better-than-expected US corporate earnings reports, which are expected to drive global equity markets in the short term.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,569/1,579 points and the support at 1,556/1,550 points.</li><li>We recommend trading buy on BBL, WHA and ERW.</li><li>Technically, the index may rise to 1,597 points in a W-shaped double-bottom pattern if it manages to close positive today; on the other hand, there will be a new selling sign if the index falls below the support at 1,556 points.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,569/1,579 points and the support at 1,556/1,550 points.We recommend trading buy on BBL, WHA and ERW.Technically, the index may rise to 1,597 points in a W-shaped double-bottom pattern if it manages to close positive today; on the other hand, there will be a new selling sign if the index falls below the support at 1,556 points.

United States

Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services.  The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.

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Bank Of America (BAC US)

Market Outlook

The SET Index is expected to weaken, with the resistance at 1,630/1,635 points and the support at 1,611 points (50-week EMA)/1,600 points. The...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points. We recommend...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,569/1,579 points and the support at 1,556/1,550 points. We recommend...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)