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 selling SHOP06 at a loss, with a holding-period return of -8.1%, while opening a position in DUOL06, a DR linked to a leading US online language-learning platform.</li><li>Our KTX Tactical DR Portfolio's average return declined 0.81% amid a global equity-market consolidation, as escalating tensions involving Iran drove US Treasury yields sharply higher.</li></ul>

We recommend selling SHOP06 at a loss, with a holding-period return of -8.1%, while opening a position in DUOL06, a DR linked to a leading US online language-learning platform.Our KTX Tactical DR Portfolio's average return declined 0.81% amid a global equity-market consolidation, as escalating tensions involving Iran drove US Treasury yields sharply higher.

KTX Tactical DR Picks - September 2, 2026 (Eng.)

<ul><li>We recommend opening a position in DUOL06, a DR linked to an online language-learning platform, following a strong recovery in daily active users, which grew more than 27% YoY in August.</li><li>Our KTX Tactical DR Port's average return was broadly flat (+0.01%).</li><li>Although technology names such as AMD80, DELL19, and LENOVO13 faced selling pressure, gains in healthcare and consumption-related stocks helped offset the weakness.</li></ul>

We recommend opening a position in DUOL06, a DR linked to an online language-learning platform, following a strong recovery in daily active users, which grew more than 27% YoY in August.Our KTX Tactical DR Port's average return was broadly flat (+0.01%).Although technology names such as AMD80, DELL19, and LENOVO13 faced selling pressure, gains in healthcare and consumption-related stocks helped offset the weakness.

KTX Tactical DR Picks - August 21, 2026 (Eng.)

Equity Derivatives

<ul><li>We recommend selling AMD80, DUOLO06, and EXPE06, with returns of -3.4%, -3.6%, and -5.3%, respectively.</li><li>Meanwhile, we recommend opening a position in NOW19, a DR linked to a leading enterprise cloud solutions provider.</li><li>Our KTX Tactical DR Port delivered an average total return of +0.79% amid a recovery in US technology stocks, led by Nvidia following better-than-expected results and an upbeat business outlook.</li></ul>

We recommend selling AMD80, DUOLO06, and EXPE06, with returns of -3.4%, -3.6%, and -5.3%, respectively.Meanwhile, we recommend opening a position in NOW19, a DR linked to a leading enterprise cloud solutions provider.Our KTX Tactical DR Port delivered an average total return of +0.79% amid a recovery in US technology stocks, led by Nvidia following better-than-expected results and an upbeat business outlook.

KTX Tactical DR Picks - August 28, 2026 (Eng.)

United States

Duolingo, Inc. designs and develops mobile learning platform. The Company teaches students a foreign language while simultaneously contributing to translate real-world content from the web. Duolingo serves students worldwide.

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Duolingo (DUOL US)

KTX Tactical DR Picks - September 2, 2026 (Eng.)

We recommend selling SHOP06 at a loss, with a holding-period return of -8.1%, while opening a position in DUOL06, a DR linked to a leading US...

Krungthai XSpring

KTX Tactical DR Picks - August 21, 2026 (Eng.)

We recommend opening a position in DUOL06, a DR linked to an online language-learning platform, following a strong recovery in daily active users,...

Krungthai XSpring

KTX Tactical DR Picks - August 28, 2026 (Eng.)

We recommend selling AMD80, DUOLO06, and EXPE06, with returns of -3.4%, -3.6%, and -5.3%, respectively. Meanwhile, we recommend opening a position...

Krungthai XSpring

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