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 move sideways up, with the resistance at 1,315/1,320 points and the support at 1,297/1,288 points.</li><li>We maintain our recommendation that investors do trading buy, with the profit-taking target at the resistance at 1,330 points.</li><li>Moreover, the Thai economy shows signs of ongoing recovery from the 2Q24 to 4Q24, supported by increased government budget disbursement, improved exports, and industrial production.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,315/1,320 points and the support at 1,297/1,288 points.We maintain our recommendation that investors do trading buy, with the profit-taking target at the resistance at 1,330 points.Moreover, the Thai economy shows signs of ongoing recovery from the 2Q24 to 4Q24, supported by increased government budget disbursement, improved exports, and industrial production.

Weekly Strategy (Trading Buy; Expect Window Dressing)

Macroeconomics

<ul><li>On June 18, 2024, the outcomes of four pivotal political cases will shape the direction of the SET.</li><li>Among these cases, the outcome of the prime minister's dismissal petition is deemed to have the most substantial impact on the capital market.</li><li>These dynamics indicate that the current valuation of the SET may be undervalued, making it oversold.</li></ul>

On June 18, 2024, the outcomes of four pivotal political cases will shape the direction of the SET.Among these cases, the outcome of the prime minister's dismissal petition is deemed to have the most substantial impact on the capital market.These dynamics indicate that the current valuation of the SET may be undervalued, making it oversold.

Four Key Political Cases to Determine the Direction of the SET

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,297/1,288 points and the resistance at 1,315/1,320 points.</li><li>We maintain our view that investors should delay investment until there is a technical reversal pattern.</li><li>We view the current SET Index as worth speculating on for potential rebounds.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,297/1,288 points and the resistance at 1,315/1,320 points.We maintain our view that investors should delay investment until there is a technical reversal pattern.We view the current SET Index as worth speculating on for potential rebounds.

United States

BTCS Inc. (BTCS) operates as an online retailer that sells various types of merchandise for virtual currencies. The Company offers transaction verification, secured information, digital currency ecosystem, display up-to-date inventory, and management of digital currency wallets services.

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BTCS (BTCS US)

Weekly Strategy (Trading Buy; Expect Window Dressing)

Technically, the SET Index is expected to move sideways up, with the resistance at 1,315/1,320 points and the support at 1,297/1,288 points. We...

Krungthai XSpring

Four Key Political Cases to Determine the Direction of the SET

On June 18, 2024, the outcomes of four pivotal political cases will shape the direction of the SET. Among these cases, the outcome of the prime...

Krungthai XSpring

Chinese Economic Figures the Highlight

Technically, the SET Index is expected to move sideways down, with the support at 1,297/1,288 points and the resistance at 1,315/1,320 points. We...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)