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

PTT Exploration & Production / Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways, with the support at 1,675/1,670 points and the resistance at 1,690/1,700 points.</li><li>Tactically, we recommend trading buy on laggard plays, of which foreign holdings have either not increased much or declined since 4Q22, such as those in the energy and finance sectors.</li><li>The decline in Thai bond yields has widened the earnings yield gap from 3.9% last week to 4.0%.</li></ul>

The SET Index is expected to move sideways, with the support at 1,675/1,670 points and the resistance at 1,690/1,700 points.Tactically, we recommend trading buy on laggard plays, of which foreign holdings have either not increased much or declined since 4Q22, such as those in the energy and finance sectors.The decline in Thai bond yields has widened the earnings yield gap from 3.9% last week to 4.0%.

Thoresen Thai Agencies / Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,690/1,700 points and the support at 1,680/1,670 points.</li><li>Technically, the index is retreating amid the uptrend.</li><li>Tactically, in the short term, we recommend trading buy on laggard plays in the energy, petrochemical and asset management (AMC) sectors.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,690/1,700 points and the support at 1,680/1,670 points.Technically, the index is retreating amid the uptrend.Tactically, in the short term, we recommend trading buy on laggard plays in the energy, petrochemical and asset management (AMC) sectors.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641 points.</li><li>We recommend trading buy on TIDLOR, CENTEL and KAMART.</li><li>Technically, the index may remain on an uptrend after it was able to surpass the 10-day EMA at 1,647 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641 points.We recommend trading buy on TIDLOR, CENTEL and KAMART.Technically, the index may remain on an uptrend after it was able to surpass the 10-day EMA at 1,647 points.

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Cotton (CT1 COMDTY)

Market Outlook

The SET Index is expected to move sideways, with the support at 1,675/1,670 points and the resistance at 1,690/1,700 points. Tactically, we...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,690/1,700 points and the support at 1,680/1,670 points. Technically, the...

Krungthai XSpring

Recommendation: Selective Speculation

The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641...

Krungthai XSpring

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