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.

Thematic (Sector/Industry)

<ul><li>We recommend cutting loss on XIAOMI80 after the holding-period return fell 6.6%, and switching into FERRARI80, a DR referencing Ferrari N.V. (RACE) listed on Euronext Milan.</li><li>The KTX DR Tactical Picks portfolio delivered an average return of +0.84% from the previous day, supported by a rally in US technology stocks after NVIDIA surged to a new record high.</li><li>Our study using the KTX Fundamental USDTHB Tracker shows that the baht is on an appreciating trend, posing FX risks for overseas investments, including DRs.</li></ul>

We recommend cutting loss on XIAOMI80 after the holding-period return fell 6.6%, and switching into FERRARI80, a DR referencing Ferrari N.V. (RACE) listed on Euronext Milan.The KTX DR Tactical Picks portfolio delivered an average return of +0.84% from the previous day, supported by a rally in US technology stocks after NVIDIA surged to a new record high.Our study using the KTX Fundamental USDTHB Tracker shows that the baht is on an appreciating trend, posing FX risks for overseas investments, including DRs.

KTX TACTICAL DR PICKS - October 3, 2025 (Eng.)

<ul><li>For KTX Tactical DR Picks today, we recommend closing positions in ESTEE80, MITSU19, and MS06, which delivered returns of +0.8%, –3.3%, and –0.3%, respectively.</li><li>The average return of the underlying securities in the portfolio slipped –0.23% from the previous day, amid concerns over the US government shutdown.</li><li>Our study using the KTX Fundamental USDTHB Tracker shows that the baht is on an appreciating trend, posing FX risks for overseas investments, including DRs.</li></ul>

For KTX Tactical DR Picks today, we recommend closing positions in ESTEE80, MITSU19, and MS06, which delivered returns of +0.8%, –3.3%, and –0.3%, respectively.The average return of the underlying securities in the portfolio slipped –0.23% from the previous day, amid concerns over the US government shutdown.Our study using the KTX Fundamental USDTHB Tracker shows that the baht is on an appreciating trend, posing FX risks for overseas investments, including DRs.

KTX TACTICAL DR PICKS - October 2, 2025 (Eng.)

<ul><li>For KTX Tactical DR Picks today, we recommend initiating a position in PINGAN80, a DR referencing Ping An Insurance Group Co., which is listed on the Hong Kong Stock Exchange.</li><li>The average return of the underlying securities in the portfolio edged up +0.18% from the previous day.</li><li>Global markets, particularly the US, continued to climb, despite a government shutdown after the US Senate rejected the spending bill last night.</li></ul>

For KTX Tactical DR Picks today, we recommend initiating a position in PINGAN80, a DR referencing Ping An Insurance Group Co., which is listed on the Hong Kong Stock Exchange.The average return of the underlying securities in the portfolio edged up +0.18% from the previous day.Global markets, particularly the US, continued to climb, despite a government shutdown after the US Senate rejected the spending bill last night.

KTX Tactical DR Picks - October 1, 2025 (Eng.)

<ul><li>For KTX Tactical DR Picks today, we recommend initiating a position in TOYOTA80, a DR referencing Toyota Motor Corporation listed on the Japanese stock exchange.</li><li>The average return of the underlying securities in the portfolio rose 0.56% from the previous day, supported by global equity markets increase after US PCE data came in line with expectations, reinforcing the Fed’s rate-cutting path.</li><li>Our study using the KTX Fundamental USDTHB Tracker shows that the baht is on an appreciating trend, posing FX risks for overseas investments, including DRs.</li></ul>

For KTX Tactical DR Picks today, we recommend initiating a position in TOYOTA80, a DR referencing Toyota Motor Corporation listed on the Japanese stock exchange.The average return of the underlying securities in the portfolio rose 0.56% from the previous day, supported by global equity markets increase after US PCE data came in line with expectations, reinforcing the Fed’s rate-cutting path.Our study using the KTX Fundamental USDTHB Tracker shows that the baht is on an appreciating trend, posing FX risks for overseas investments, including DRs.

KTX TACTICAL DR PICKS - September 30, 2025 (Eng.)

Podcast On the Business of Semiconductors, The Circuit

The Circuit

Podcast On the Business of Semiconductors

A Podcast On the Business of Semiconductors. With Jay Goldberg and Ben Bajarin

<ul><li>After a challenging last decade, Broadcom is back on track with positive earnings results and a new customer for their custom ASIC business</li><li>CEO Hawk Tan's confident and clear communication during the earnings call led to a significant stock price increase</li><li>AMD's stock was down as investors may view Broadcom's success as a potential threat to their position as a second source alternative to Nvidia in the market</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

After a challenging last decade, Broadcom is back on track with positive earnings results and a new customer for their custom ASIC businessCEO Hawk Tan's confident and clear communication during the earnings call led to a significant stock price increaseAMD's stock was down as investors may view Broadcom's success as a potential threat to their position as a second source alternative to Nvidia in the marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

EP 133: Broadcom Earnings, More on ASICS vs. GPUs, Google Selling TPUs?

United States

Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software solutions. The Company offers storage adapters, controllers, networking processors, motion control encoders, and optical sensors, as well as infrastructure and security software to modernize, optimize, and secure the most complex hybrid environments. Broadcom serves customers worldwide.

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Broadcom (AVGO US)

KTX TACTICAL DR PICKS - October 3, 2025 (Eng.)

We recommend cutting loss on XIAOMI80 after the holding-period return fell 6.6%, and switching into FERRARI80, a DR referencing Ferrari N.V. (RACE)...

Krungthai XSpring

KTX TACTICAL DR PICKS - October 2, 2025 (Eng.)

For KTX Tactical DR Picks today, we recommend closing positions in ESTEE80, MITSU19, and MS06, which delivered returns of +0.8%, –3.3%, and –0.3%,...

Krungthai XSpring

KTX Tactical DR Picks - October 1, 2025 (Eng.)

For KTX Tactical DR Picks today, we recommend initiating a position in PINGAN80, a DR referencing Ping An Insurance Group Co., which is listed on...

Krungthai XSpring

KTX TACTICAL DR PICKS - September 30, 2025 (Eng.)

For KTX Tactical DR Picks today, we recommend initiating a position in TOYOTA80, a DR referencing Toyota Motor Corporation listed on the Japanese...

Krungthai XSpring

EP 133: Broadcom Earnings, More on ASICS vs. GPUs, Google Selling TPUs?

Broadcom had a strong quarter, beating revenue and EPS expectations, with CEO Hawk Tan's announcement of a new customer causing the stock to rise...

The Circuit

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