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 in a sideways-down pattern, with the support at 1,340/1,334 points and the resistance at 1,350/1,354 points.</li><li>The recommended investment strategy remains selling on rallies and buying at support levels until a new breakout signal emerges.</li><li>The market expects the ECB to continue cutting interest rates for the fifth consecutive time by another 25 bps, bringing the deposit facility rate down to 2.75% from 3.0% and the marginal lending rate to 3.15% from 3.4%.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,340/1,334 points and the resistance at 1,350/1,354 points.The recommended investment strategy remains selling on rallies and buying at support levels until a new breakout signal emerges.The market expects the ECB to continue cutting interest rates for the fifth consecutive time by another 25 bps, bringing the deposit facility rate down to 2.75% from 3.0% and the marginal lending rate to 3.15% from 3.4%.

4Q24 GDP for the EU & US and FOMC & ECB Meetings

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at 1,350/1,355 points.</li><li>Short-term investment sentiment has turned cautious, with concerns that the index may drop to retest 1,330/1,300 points.</li><li>This follows a sharp reversal yesterday, forming a black candlestick after two days of an upward trend, and raising the possibility of a new sell signal if the index breaks the key support level at 1,334 points today.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at 1,350/1,355 points.Short-term investment sentiment has turned cautious, with concerns that the index may drop to retest 1,330/1,300 points.This follows a sharp reversal yesterday, forming a black candlestick after two days of an upward trend, and raising the possibility of a new sell signal if the index breaks the key support level at 1,334 points today.

Composite Manufacturing and Services PMIs of the US, EU, and Japan, and the BoJ Meeting

Technical Analysis

<ul><li>Technically, the SET Index is expected to rise, with the resistance at 1,360/1,364 points and the support at 1,343/1,338 points.</li><li>Investors are recommended to start speculative buying with a stop-loss point at 1,343 points.</li><li>The focus should be on large cap stocks tied to domestic consumption, such as CPALL, CRC, CPAXT, ADVANC, and INTUCH.</li></ul>

Technically, the SET Index is expected to rise, with the resistance at 1,360/1,364 points and the support at 1,343/1,338 points.Investors are recommended to start speculative buying with a stop-loss point at 1,343 points.The focus should be on large cap stocks tied to domestic consumption, such as CPALL, CRC, CPAXT, ADVANC, and INTUCH.

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The Delphi Podcast

Podcast with Crypto Gigabrains

Conversations with Crypto Gigabrains. Hosted by Tommy, Co-Founder and Founding Partner at Delphi Ventures

Thematic (Sector/Industry)

<ul><li>The gaming industry is evolving with a focus on AI integration and innovative game loops.</li><li>Mobile gaming is expected to lead the way in terms of success and adoption in the coming years.</li><li>Ecosystems like Ronin and exchanges are playing a significant role in shaping the gaming landscape, with a focus on UGC and innovative token distribution mechanics.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

The gaming industry is evolving with a focus on AI integration and innovative game loops.Mobile gaming is expected to lead the way in terms of success and adoption in the coming years.Ecosystems like Ronin and exchanges are playing a significant role in shaping the gaming landscape, with a focus on UGC and innovative token distribution mechanics.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,432/1,428 points (75-day EMA) and the resistance at 1,448/1,453 points (10/25-day EMA).</li><li>We maintain our recommendation to delay investments until a new buy signal emerges.</li><li>The Thai stock market closed lower with trading volume of Bt37.2bn.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,432/1,428 points (75-day EMA) and the resistance at 1,448/1,453 points (10/25-day EMA).We maintain our recommendation to delay investments until a new buy signal emerges.The Thai stock market closed lower with trading volume of Bt37.2bn.

Krungthai XSpring Zoom Eng. November 27, 2024

United States

Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.

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Electronic Arts (EA US)

4Q24 GDP for the EU & US and FOMC & ECB Meetings

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,340/1,334 points and the resistance at...

Krungthai XSpring

Composite Manufacturing and Services PMIs of the US, EU, and Japan, and the BoJ Meeting

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to rise, with the resistance at 1,360/1,364 points and the support at 1,343/1,338 points. Investors are...

Krungthai XSpring

Delphi's Gaming Year Ahead 2025

Emerging trends in gaming industry include AI integration, mobile gaming dominance, UGC importance, blockchain usage, AI NPC spectator sports,...

The Delphi Podcast

Krungthai XSpring Zoom Eng. November 27, 2024

Technically, the SET Index is expected to move sideways, with the support at 1,432/1,428 points (75-day EMA) and the resistance at 1,448/1,453...

Krungthai XSpring

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