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>We recommend cutting loss on DELL19 with a holding-period return of -0.2%.</li><li>Meanwhile, we recommend initiating positions in DDOG19 and SNOW06.</li><li>The KTX Tactical DR Portfolio delivered an average return of -1.11%, pressured by the continued decline in Al semiconductor stocks.</li></ul>

We recommend cutting loss on DELL19 with a holding-period return of -0.2%.Meanwhile, we recommend initiating positions in DDOG19 and SNOW06.The KTX Tactical DR Portfolio delivered an average return of -1.11%, pressured by the continued decline in Al semiconductor stocks.

KTX Tactical DR Picks - July 3, 2026 (Eng.)

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points (10/25-day EMA).</li><li>In 4Q24, ITEL will benefit from signed contracts worth over Bt390mn and the backlog of approximately Bt1.97bn, with about Bt633mn expected to be recognized in this quarter.</li><li>STGT's fundamentals remain strong as a global player in a growing industry, benefiting primarily from the trade tensions between the US and China.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points (10/25-day EMA).In 4Q24, ITEL will benefit from signed contracts worth over Bt390mn and the backlog of approximately Bt1.97bn, with about Bt633mn expected to be recognized in this quarter.STGT's fundamentals remain strong as a global player in a growing industry, benefiting primarily from the trade tensions between the US and China.

US FOMC Minutes & Thai Trade Balance in October

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points (10/25-day EMA).</li><li>In the medium term, it remains in a broad sideways range of 1,273-1,716 points.</li><li>A drop below the 1,432-point support would confirm a downtrend towards 1,427/1,406 points, while a breakout above 1,472 points would indicate a trend reversal to test previous resistance levels at 1,488/1,506 points, respectively.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points (10/25-day EMA).In the medium term, it remains in a broad sideways range of 1,273-1,716 points.A drop below the 1,432-point support would confirm a downtrend towards 1,427/1,406 points, while a breakout above 1,472 points would indicate a trend reversal to test previous resistance levels at 1,488/1,506 points, respectively.

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,372 points (200-day EMA)/1,380 points and the support at 1,360/1,355 points.</li><li>In the short term, the index is moving in an uptrend, reaching higher highs for nine consecutive days, with the resistance at 1,375 points (aligned with the 2/3 Fibonacci retracement) and 1,394 points (the gap from April 11, 2024).</li><li>We recommend partially taking profit at the resistance and waiting to buy back when the index retreats.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,372 points (200-day EMA)/1,380 points and the support at 1,360/1,355 points.In the short term, the index is moving in an uptrend, reaching higher highs for nine consecutive days, with the resistance at 1,375 points (aligned with the 2/3 Fibonacci retracement) and 1,394 points (the gap from April 11, 2024).We recommend partially taking profit at the resistance and waiting to buy back when the index retreats.

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>Lenovo hosted the “AI Tech World” event with the theme “AI for All” in Shanghai yesterday. During the event, CEO Mr. Yang highlighted 1) Lenovo’s vision of bringing AI to every household and industry, 2) its emphasis on the industry trend of hybrid AI, 3) building personal AI agents on AI PC/smartphone/pad products and</li><li>4) deploying enterprise AI agents on Lenovo’s smart infrastructure, solutions and services. Lenovo also launched six new models of AI PC products.</li><li>We believe AI PC product launches are set to accelerate in 2024, and major beneficiaries include Lenovo (992 HK), Dell (Dell US), FIT Hon Teng (6088 HK), Chunqiu Electronics (603890 CH), Huaqin Tech (603296 CH), Bromake (301387 CH) and Luxshare (002475 CH).</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>

Lenovo hosted the “AI Tech World” event with the theme “AI for All” in Shanghai yesterday. During the event, CEO Mr. Yang highlighted 1) Lenovo’s vision of bringing AI to every household and industry, 2) its emphasis on the industry trend of hybrid AI, 3) building personal AI agents on AI PC/smartphone/pad products and4) deploying enterprise AI agents on Lenovo’s smart infrastructure, solutions and services. Lenovo also launched six new models of AI PC products.We believe AI PC product launches are set to accelerate in 2024, and major beneficiaries include Lenovo (992 HK), Dell (Dell US), FIT Hon Teng (6088 HK), Chunqiu Electronics (603890 CH), Huaqin Tech (603296 CH), Bromake (301387 CH) and Luxshare (002475 CH).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.

Technology - Lenovo Tech World 2024: AI PC Product Launches Set to Accelerate

United States

Dell Technologies Inc. provides computer products. The Company offers laptops, desktops, tablets, workstations, servers, monitors, printers, gateways, software, storage, and networking products. Dell Technologies serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Dell Technologies (DELL US)

KTX Tactical DR Picks - July 3, 2026 (Eng.)

We recommend cutting loss on DELL19 with a holding-period return of -0.2%. Meanwhile, we recommend initiating positions in DDOG19 and SNOW06. The...

Krungthai XSpring

US FOMC Minutes & Thai Trade Balance in October

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points...

Krungthai XSpring

US FOMC Minutes & Thai Trade Balance in October

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points...

Krungthai XSpring

Second Reading of US 2Q24 GDP

Technically, the SET Index is expected to move sideways up, with the resistance at 1,372 points (200-day EMA)/1,380 points and the support at...

Krungthai XSpring

Technology - Lenovo Tech World 2024: AI PC Product Launches Set to Accelerate

Lenovo hosted the “AI Tech World” event with the theme “AI for All” in Shanghai yesterday. During the event, CEO Mr. Yang highlighted 1) Lenovo’s...

CMB International

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)