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>Technically, the SET Index is expected to weaken, with support at 1,262/1,252 points and resistance at 1,280/1,285 points.</li><li>As for the investment strategy, we recommend Selective Buy, but for entry timing, investors should wait for a buy signal.</li><li>Our recommended stocks are KKP, MTC, and CPALL.</li></ul>

Technically, the SET Index is expected to weaken, with support at 1,262/1,252 points and resistance at 1,280/1,285 points.As for the investment strategy, we recommend Selective Buy, but for entry timing, investors should wait for a buy signal.Our recommended stocks are KKP, MTC, and CPALL.

Equity Bottom-Up

<ul><li>The earnings performance for 2024E is expected to be primarily influenced by the positive factor of rubber prices, although there may be limited upside risks in this regard.</li><li>NER expects rubber sales volume in 2023E to be close to 500k tons (vs. the previous target of 480-500k tons), growing approximately 10-12% YoY.</li><li>NER has rescheduled the commencement of commercial production for the new plant, STR #3, to 2025.</li></ul>

The earnings performance for 2024E is expected to be primarily influenced by the positive factor of rubber prices, although there may be limited upside risks in this regard.NER expects rubber sales volume in 2023E to be close to 500k tons (vs. the previous target of 480-500k tons), growing approximately 10-12% YoY.NER has rescheduled the commencement of commercial production for the new plant, STR #3, to 2025.

Analyst Briefing: North East Rubber Plc. (NER) - Key Takeaways from the Analyst Meeting

Japan

BRIDGESTONE CORPORATION designs, produces, and sells automobile tires. The Company also produces and markets scales to weigh racing cars and jumbo aircrafts and sporting goods including golf equipment, tennis rackets, and bicycles.  Bridgestone operates its businesses worldwide.

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Bridgestone Corp (5108 JP)

Weekly Strategy & Thai GDP Growth

Technically, the SET Index is expected to weaken, with support at 1,262/1,252 points and resistance at 1,280/1,285 points. As for the investment...

Krungthai XSpring

Analyst Briefing: North East Rubber Plc. (NER) - Key Takeaways from the Analyst Meeting

The earnings performance for 2024E is expected to be primarily influenced by the positive factor of rubber prices, although there may be limited...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

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Dividend (Yield)