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 down, with the resistance at 1,370/1,376 points (25-day EMA/50-day EMA) and the support at 1,360/1,355 points.</li><li>If there are indications of an economic slowdown while inflation remains persistently high, it could negatively impact both the US stock markets and global equity markets.</li><li>This reflects signs of recovery in the UK economy, a crucial factor prompting the FMS in April to increase the investment weight of UK markets.</li></ul>

Technically, the SET Index is expected to move sideways down, with the resistance at 1,370/1,376 points (25-day EMA/50-day EMA) and the support at 1,360/1,355 points.If there are indications of an economic slowdown while inflation remains persistently high, it could negatively impact both the US stock markets and global equity markets.This reflects signs of recovery in the UK economy, a crucial factor prompting the FMS in April to increase the investment weight of UK markets.

External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

External broker reports(aggregated public sources)

ABN AMRO is a personal bank in the digital age. A bank committed to playing a serious role in society. This digital age helps us to bring banking ever closer to our clients and what they need. Our areas of focus are inclusion, sustainability, social entrepreneurship, innovation, daily banking and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>When bank bond issuers face ESG risks such as climate change, this should be translated in the market through significant pick-up on longer maturities</li><li>Based on that, we use the ValueCo ESG opinions to assess where banks stand with regards to such risks</li><li>Our analysis indeed reveals a relation between such opinions and the steepness in the curve, but that relationship is more clear when we purely focus on the environmental part of such opinion.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

When bank bond issuers face ESG risks such as climate change, this should be translated in the market through significant pick-up on longer maturitiesBased on that, we use the ValueCo ESG opinions to assess where banks stand with regards to such risksOur analysis indeed reveals a relation between such opinions and the steepness in the curve, but that relationship is more clear when we purely focus on the environmental part of such opinion.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ESG Opinions Are Affecting the Shape of Bank Spread Curves

France

Credit Agricole S.A. is the lead bank of the Credit Agricole Group.  The Company acts as the central bank of the Group, coordinates its sales and marketing strategy and ensures the liquidity & solvency of each of the Caisses Regionales. Credit Agricole S.A., through its subsidiaries, designs and manages specialized financial products that are distributed primarily by the Caisses Regionales.

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Credit Agricole Sa (ACA FP)

US Employment in April

Technically, the SET Index is expected to move sideways down, with the resistance at 1,370/1,376 points (25-day EMA/50-day EMA) and the support at...

Krungthai XSpring

ESG Opinions Are Affecting the Shape of Bank Spread Curves

When bank bond issuers face ESG risks such as climate change, this should be translated in the market through significant pick-up on longer...

ABN AMRO

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