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>KTX expects the index to move sideways down, with the support at 1,352/1330 points and the resistance at 1,390/1,416 points.</li><li>We recommend BCP, BDMS, ERW, SABINA, SISB, AP, JASIF, LH, TCAP and TISCO.</li><li>KTX believes that 1Q24 could provide a favorable buying opportunity on the SET, given that market valuations are currently lower than warranted.</li></ul>

KTX expects the index to move sideways down, with the support at 1,352/1330 points and the resistance at 1,390/1,416 points.We recommend BCP, BDMS, ERW, SABINA, SISB, AP, JASIF, LH, TCAP and TISCO.KTX believes that 1Q24 could provide a favorable buying opportunity on the SET, given that market valuations are currently lower than warranted.

Monthly Report: February 2024: Outlook: Sideways Down, with the Support at 1,352/1,330 Points and the Resistance at 1,390/1,416 Points

Podcast from BlackRock, The Bid

The Bid

Podcast from BlackRock

The Bid breaks down what’s happening in the world of investing and explores the forces changing the economy and finance. From stock market outlooks and megatrends to geopolitics and technology, BlackRock speaks to thought leaders and industry experts from around the globe about the biggest trends moving markets.

Thematic (Sector/Industry)

<ul><li>The podcast features Lance Bronstein, head of Aladdin engineering at BlackRock, and Rob, discussing the impact of AI on business operations.</li><li>They highlight the importance of using technology to amplify human capabilities and redefine roles, while also focusing on upskilling the workforce and recalibrating risk management and client interactions.</li><li>They acknowledge that AI is not a new concept, but the recent advancements in data, compute power, and technology have enabled transformative changes in how people interact with computers, particularly through language and conversation.</li></ul><p><em>This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.</em></p>

The podcast features Lance Bronstein, head of Aladdin engineering at BlackRock, and Rob, discussing the impact of AI on business operations.They highlight the importance of using technology to amplify human capabilities and redefine roles, while also focusing on upskilling the workforce and recalibrating risk management and client interactions.They acknowledge that AI is not a new concept, but the recent advancements in data, compute power, and technology have enabled transformative changes in how people interact with computers, particularly through language and conversation.This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

<ul><li>Although global stock markets are showing signs of improvement, driven by expectations of a soft landing in the world economy and potential interest rate cuts by the Fed in May, KTX maintains the view that the SET Index will underperform compared to global and regional markets (excluding China).</li><li>The recommendation for investors is to wait before increasing the investment weighting of the Thai stock market until the index weakens below 1,353 points.</li><li>This cautious stance is influenced by ongoing foreign fund outflows, with the net selling topping USD487.9mn in the first three weeks of January 2024.</li></ul>

Although global stock markets are showing signs of improvement, driven by expectations of a soft landing in the world economy and potential interest rate cuts by the Fed in May, KTX maintains the view that the SET Index will underperform compared to global and regional markets (excluding China).The recommendation for investors is to wait before increasing the investment weighting of the Thai stock market until the index weakens below 1,353 points.This cautious stance is influenced by ongoing foreign fund outflows, with the net selling topping USD487.9mn in the first three weeks of January 2024.

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Law /In Depth: Why fewer criminal appeals cases are getting heard in China</li><li>BRICS /: BRICS invites six nations to join as expansion moves into focus</li><li>Nuclear /: China suspends imports of all Japanese aquatic products</li></ul>

Law /In Depth: Why fewer criminal appeals cases are getting heard in ChinaBRICS /: BRICS invites six nations to join as expansion moves into focusNuclear /: China suspends imports of all Japanese aquatic products

CX Daily: Why Fewer Criminal Appeals Cases Are Getting Heard in China

<ul><li>Property /Cover Story: China’s property crisis contagion spreads to state-backed developers</li><li>Mortgages /: Chart of the Day: China’s personal mortgages post first decline in a decade</li><li>Private /: China seeks feedback from private sector on what it can do better</li></ul>

Property /Cover Story: China’s property crisis contagion spreads to state-backed developersMortgages /: Chart of the Day: China’s personal mortgages post first decline in a decadePrivate /: China seeks feedback from private sector on what it can do better

CX Daily: China’s Property Crisis Contagion Spreads to State-Backed Developers

United States

BlackRock, Inc. provides investment management services. The Company offers investment, advisory, and risk management services. BlackRock serves individuals, families, educational, governments, insurance companies, and non profit organizations worldwide.

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BlackRock (BLK US)

Monthly Report: February 2024: Outlook: Sideways Down, with the Support at 1,352/1,330 Points and the Resistance at 1,390/1,416 Points

KTX expects the index to move sideways down, with the support at 1,352/1330 points and the resistance at 1,390/1,416 points. We recommend BCP,...

Krungthai XSpring

GenAI Through A COO Lens

In this podcast episode, Lance Bronstein and Rob discuss the impact of AI on business operators, emphasizing the need to harness technology,...

The Bid

No Buybacks From Foreign Investors

Although global stock markets are showing signs of improvement, driven by expectations of a soft landing in the world economy and potential...

Krungthai XSpring

CX Daily: Why Fewer Criminal Appeals Cases Are Getting Heard in China

Law /In Depth: Why fewer criminal appeals cases are getting heard in China BRICS /: BRICS invites six nations to join as expansion moves into...

Caixin Global

CX Daily: China’s Property Crisis Contagion Spreads to State-Backed Developers

Property /Cover Story: China’s property crisis contagion spreads to state-backed developers Mortgages /: Chart of the Day: China’s personal...

Caixin Global

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