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.

Equity Bottom-Up

<ul><li>AIT started the year with weak results in 1Q20.</li><li>The COVID-19 outbreak will impact its operating performance in terms of project delays.</li><li>This leads us to trim its 2020E earnings estimate by 15%.</li></ul>

AIT started the year with weak results in 1Q20.The COVID-19 outbreak will impact its operating performance in terms of project delays.This leads us to trim its 2020E earnings estimate by 15%.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p style="text-align: justify;">Pullback opportunities are currently in limited supply. While most markets are advancing to 12+ month highs, including the U.S., Japan, and EM, Europe is still trading at its 200-day MA, as a result of its recent four-month decline. This presents an attractive entry point, especially for small-cap investors.  In this report we highlight opportunities in: steel companies, trucks/construction/farm machinery, auto parts manufacturers and energy companies.</p>

Pullback opportunities are currently in limited supply. While most markets are advancing to 12+ month highs, including the U.S., Japan, and EM, Europe is still trading at its 200-day MA, as a result of its recent four-month decline. This presents an attractive entry point, especially for small-cap investors.  In this report we highlight opportunities in: steel companies, trucks/construction/farm machinery, auto parts manufacturers and energy companies.

Pullback Opportunities in European Small Caps

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

<p>We maintain a bullish view on the CAC but it is seeing some near term fallout risk back into the election gap.</p><p>Europe has been underperforming the US over recent weeks but now shows potential for a bout of performance once the S&amp;P reaches for our 2,460 major peak target in late June. This leaves Europe and the CAC in a good position to base and act as a transition performer in early July.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/027/748/original/CAC%20new%20daily.png?1497288024" class="editor-image img-responsive" data-smartkarma-image-id="27748"></figure><div class="content-caption">CAC gap buy zone</div><p>Trendline support lies just under 5,200 with gap support within this zone (5,140) and is the…</p>

We maintain a bullish view on the CAC but it is seeing some near term fallout risk back into the election gap.Europe has been underperforming the US over recent weeks but now shows potential for a bout of performance once the S&amp;P reaches for our 2,460 major peak target in late June. This leaves Europe and the CAC in a good position to base and act as a transition performer in early July.CAC gap buy zoneTrendline support lies just under 5,200 with gap support within this zone (5,140) and is the…

France

The CAC 40, the most widely-used indicator of the Paris market, reflects the performance of the 40 largest equities listed in France, measured by free-float market-capitalization and liquidity. 

CAC 40 (CAC INDEX)

Earnings Downgrade

AIT started the year with weak results in 1Q20. The COVID-19 outbreak will impact its operating performance in terms of project delays. This leads...

Krungthai XSpring

Pullback Opportunities in European Small Caps

Pullback opportunities are currently in limited supply. While most markets are advancing to 12+ month highs, including the U.S., Japan, and EM,...

Vermilion Research

CAC Add the Gap

We maintain a bullish view on the CAC but it is seeing some near term fallout risk back into the election gap.Europe has been underperforming the...

Thomas Schroeder