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>The SET Index is expected to gain, with the resistance at 1,630/1,640 points and the support at 1,611/1,605 points.</li><li>We recommend trading buy on KBANK, MINT and ERW.</li><li>Technically, the index remains in an uptrend, with the key resistance at 1,650 points and 1,680 points, respectively.</li></ul>

The SET Index is expected to gain, with the resistance at 1,630/1,640 points and the support at 1,611/1,605 points.We recommend trading buy on KBANK, MINT and ERW.Technically, the index remains in an uptrend, with the key resistance at 1,650 points and 1,680 points, respectively.

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Asean (Thailand) Focused Independent Research

M Corp Review

M Corp is led by Athaporn Arayasantiparb who served as Head of Research for UOB and ANZ in Thailand and was an award-winning telecoms analyst at UBS in 2010 (AsiaMoney Thailand category) and Regional Strategist for DMG in Singapore. Prior to that, he also served as Kasikornbank credit analyst and scholar. He has a total work experience of 17 years, of which 14 were in research and 4 in research management roles. He started his career as an engineer for PTT and currently manages family investments. He holds an MBA from Stern (NYU) and CFA Charter since 2006. Apart from IPO Radar, which focuses on future listings, MCorp Review also provides six on-going thematic series ranked by frequency in descending order, namely: 1) Silicon Stories (technology) 2) Sathorn Series (financial services) 3) Thai-Coons (billionaire origin stories) 4) Reality Check (data-driven, investigative) 5) Thai Media Spotlight; and 6) Thai Macro Watch (global market drivers).

<p>We caught up with two small-cap firms this week, namely property developer Chewathai and logistics firm ATP30, but small companies can have big dreams...and these visits prove that. Heck, when you are small think Origin Property, you can pretty much grow at a pace that the big guys can only dream of. It does remind us a little bit of Origins ( <a href="https://www.smartkarma.com/insights/champions-of-2017-stocks-with-eye-popping-returns" target="_blank" data-smartkarma-citation="insights:16572">Champions of 2017: Stocks With Eye-Popping Returns!</a>), because this tiny developer more than doubled its earnings from Bt63m to Bt156m, while revenues rose…</p>

We caught up with two small-cap firms this week, namely property developer Chewathai and logistics firm ATP30, but small companies can have big dreams...and these visits prove that. Heck, when you are small think Origin Property, you can pretty much grow at a pace that the big guys can only dream of. It does remind us a little bit of Origins ( Champions of 2017: Stocks With Eye-Popping Returns!), because this tiny developer more than doubled its earnings from Bt63m to Bt156m, while revenues rose…

Small Cap Diary: Little ChewaThai's Big Ambitions

Thailand

Chewathai Public Company Limited is a Thailand-based real estate developer focusing on residential properties in middle to high-income segments, including high-rise and low-rise condominiums, houses, townhomes, and commercial shophouses. The company also develops and rents ready-built factories. Chewathai Public Company Limited was incorporated in 2008 and is headquartered in Bangkok, Thailand.

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Chewathai (CHEWA TB)

Market Outlook

The SET Index is expected to gain, with the resistance at 1,630/1,640 points and the support at 1,611/1,605 points. We recommend trading buy on...

Krungthai XSpring

Small Cap Diary: Little ChewaThai's Big Ambitions

We caught up with two small-cap firms this week, namely property developer Chewathai and logistics firm ATP30, but small companies can have big...

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

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