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>Asian stock markets rebounded in sync with US markets as the 10-year bond yield saw a decline.</li><li>The index has a chance to test the 200-day EMA resistance at 1,570 points.</li><li>We view that the index will continue to climb up but expect the rise to be limited; hence, we recommend selective speculation.</li></ul>

Asian stock markets rebounded in sync with US markets as the 10-year bond yield saw a decline.The index has a chance to test the 200-day EMA resistance at 1,570 points.We view that the index will continue to climb up but expect the rise to be limited; hence, we recommend selective speculation.

Cross Asset Strategy

<ul><li>Recommend buying stocks in the banking, insurance and anti-commodities sectors in response to higher bond yields</li><li>Fed funds rate may be raised to 5.50% after US flash PMIs in February increased</li><li>The SET index is expected to weaken, with the support at 1,660/1,653 points and the resistance at 1,677 points.</li></ul>

Recommend buying stocks in the banking, insurance and anti-commodities sectors in response to higher bond yieldsFed funds rate may be raised to 5.50% after US flash PMIs in February increasedThe SET index is expected to weaken, with the support at 1,660/1,653 points and the resistance at 1,677 points.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,625/1,635 points and the support at 1,610/1,603 points.</li><li>We recommend trading buy on SAWAD, KTC and CPN.</li><li>The index's trend turned positive after the price pattern was able to stand above the support, in tandem with the increase in the RSI and stochastic; and, in particular, the MACD has the potential to move sideways – this gives the index a chance to rebound further.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,625/1,635 points and the support at 1,610/1,603 points.We recommend trading buy on SAWAD, KTC and CPN.The index's trend turned positive after the price pattern was able to stand above the support, in tandem with the increase in the RSI and stochastic; and, in particular, the MACD has the potential to move sideways – this gives the index a chance to rebound further.

<ul><li>The SET Index is expected to move sideways down, with the support at 1,615/1,610 points and the resistance at 1,635/1,640 points.</li><li>Negative momentum is being generated by the sharp fall of US markets due to concerns over a recession after retail sales in November showed a bigger-than-expected drop.</li><li>We recommend trading buy on BDMS, SAPPE and HMPRO.</li></ul>

The SET Index is expected to move sideways down, with the support at 1,615/1,610 points and the resistance at 1,635/1,640 points.Negative momentum is being generated by the sharp fall of US markets due to concerns over a recession after retail sales in November showed a bigger-than-expected drop.We recommend trading buy on BDMS, SAPPE and HMPRO.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.</li><li>Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.</li><li>Positive factors include Thai inflation in November, which may continue to slow down.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.Positive factors include Thai inflation in November, which may continue to slow down.

Australia

Blue Sky Alternative Investments Limited is a diversified fund manager of alternative investments. The Company specializes in providing 'expansion capital' to rapidly expanding Australian companies. Blue Sky Alternative Investments invests across Private Equity, Private Real Estate, Hedge Funds and Water alternative asset classes.

Blue Sky Alternative Investments (BLA AU)

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Blue Sky Alternative Investments (BLA AU)

Recommendation: Selective Speculation

Asian stock markets rebounded in sync with US markets as the 10-year bond yield saw a decline. The index has a chance to test the 200-day EMA...

Krungthai XSpring

Krungthai XSpring Zoom Eng.

Recommend buying stocks in the banking, insurance and anti-commodities sectors in response to higher bond yields Fed funds rate may be raised to...

Krungthai XSpring

Technical Analysis

The SET Index is expected to move sideways up, with the resistance at 1,625/1,635 points and the support at 1,610/1,603 points. We recommend...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the support at 1,615/1,610 points and the resistance at 1,635/1,640 points. Negative...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points. Negative factors...

Krungthai XSpring

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