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>The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.</li><li>Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.</li><li>Positive factors include Thai inflation in November, which may continue to slow down.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.Positive factors include Thai inflation in November, which may continue to slow down.

<ul><li>The SET Index is expected to move up, with the resistance at 1,640/1,649 points and the support at 1,630/1,623 points.</li><li>We recommend trading buy on EA, MAKRO, and PTTEP.</li><li>Today's momentum is positive after the Fed chairman hinted at a less aggressive rate hike in the FOMC meeting on December 4.</li></ul>

The SET Index is expected to move up, with the resistance at 1,640/1,649 points and the support at 1,630/1,623 points.We recommend trading buy on EA, MAKRO, and PTTEP.Today's momentum is positive after the Fed chairman hinted at a less aggressive rate hike in the FOMC meeting on December 4.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.</li><li>We recommend trading buy on KCE, HANA and SAT.</li><li>Today's investment momentum is slightly positive in response to the Cabinet meeting today, in which it is expected to approve additional stimulus measures.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.We recommend trading buy on KCE, HANA and SAT.Today's investment momentum is slightly positive in response to the Cabinet meeting today, in which it is expected to approve additional stimulus measures.

<ul><li>US CPI marked at +7.7% YoY in Oct. vs. the consensus estimate at +7.9% YoY, while the services CPI slowed to +0.3% MoM from +0.5% MoM in Sep.</li><li>The property sector has reported good earnings growth at 110.1% YoY and 13.1% QoQ due to the pickup of transfers ahead of interest rate hikes.</li><li>The SET Index is expected to gain further this week and test the resistance at 1,649 points due to easing concerns over Fed rate hikes.</li></ul>

US CPI marked at +7.7% YoY in Oct. vs. the consensus estimate at +7.9% YoY, while the services CPI slowed to +0.3% MoM from +0.5% MoM in Sep.The property sector has reported good earnings growth at 110.1% YoY and 13.1% QoQ due to the pickup of transfers ahead of interest rate hikes.The SET Index is expected to gain further this week and test the resistance at 1,649 points due to easing concerns over Fed rate hikes.

SET Index to Test 1,649 Points on Easing Concerns Over Fed Rate Hikes

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,620/1,612 points.</li><li>We recommend trading buy on PRM, SCB and AP.</li><li>Today's investment momentum is slightly negative after the Fed signaled higher-than-expected interest rate hikes.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,620/1,612 points.We recommend trading buy on PRM, SCB and AP.Today's investment momentum is slightly negative after the Fed signaled higher-than-expected interest rate hikes.

South Korea

CK Solution Co.,Ltd. provides electric vehicle battery solutions. The Company produces and sells dry room system, clean room system, and other products. CK Solution markets its products worldwide.

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CK Solution (480370 KS)

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points. Negative factors...

Krungthai XSpring

Market Outlook

The SET Index is expected to move up, with the resistance at 1,640/1,649 points and the support at 1,630/1,623 points. We recommend trading buy on...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points. We...

Krungthai XSpring

SET Index to Test 1,649 Points on Easing Concerns Over Fed Rate Hikes

US CPI marked at +7.7% YoY in Oct. vs. the consensus estimate at +7.9% YoY, while the services CPI slowed to +0.3% MoM from +0.5% MoM in Sep. The...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,620/1,612 points. We recommend trading...

Krungthai XSpring

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