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>KTX expects the SET Index to weaken, with the support levels at 1,053 and 1,040 points and the resistance levels at 1,120 and 1,144 points.</li><li>Over the past five years (2020-2024), there was a 60% probability that the SET Index would end the month in positive territory, with an average gain of +0.13%.</li><li>We believe domestic factors will continue to weigh on the Thai stock market in early July.</li></ul>

KTX expects the SET Index to weaken, with the support levels at 1,053 and 1,040 points and the resistance levels at 1,120 and 1,144 points.Over the past five years (2020-2024), there was a 60% probability that the SET Index would end the month in positive territory, with an average gain of +0.13%.We believe domestic factors will continue to weigh on the Thai stock market in early July.

Outlook: To Weaken (Underperforming Regional Markets)

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Factset Research Systems Inc / Equity Bottom-Up

<ul><li>FactSet's second-quarter 2025 results showcase mixed outcomes amid a challenging market environment.</li><li>The company reported a year-over-year organic Annual Subscription Value (ASV) growth of 4.1%, an adjusted operating margin of 37.3%, and adjusted diluted EPS of $4.28.</li><li>Positives encompass the robust performance in the Asia Pacific region, where organic ASV grew by 7%, driven by strong sales of data solutions across various client segments, and a resurgence in the wealth segment, evidenced by strategic wins such as the UBS contract for adviser desktops.</li></ul>

FactSet's second-quarter 2025 results showcase mixed outcomes amid a challenging market environment.The company reported a year-over-year organic Annual Subscription Value (ASV) growth of 4.1%, an adjusted operating margin of 37.3%, and adjusted diluted EPS of $4.28.Positives encompass the robust performance in the Asia Pacific region, where organic ASV grew by 7%, driven by strong sales of data solutions across various client segments, and a resurgence in the wealth segment, evidenced by strategic wins such as the UBS contract for adviser desktops.

FactSet Is Quietly Taking Over the Buy-Side—Here’s What Investors Need to Know!

<ul><li>FactSet delivered a mixed set of results for its first fiscal quarter of 2025, showcasing positives in operating performance amid a backdrop of economic uncertainties and industry-specific challenges.</li><li>The company reported 4.5% growth in organic Annual Subscription Value (ASV) year-over-year, supported by favorable developments in its wealth management segment and a 7% growth in the Asia-Pacific region.</li><li>FactSet's adjusted operating margin stood at 37.6%, and adjusted diluted earnings per share (EPS) reached $4.37.</li></ul>

FactSet delivered a mixed set of results for its first fiscal quarter of 2025, showcasing positives in operating performance amid a backdrop of economic uncertainties and industry-specific challenges.The company reported 4.5% growth in organic Annual Subscription Value (ASV) year-over-year, supported by favorable developments in its wealth management segment and a 7% growth in the Asia-Pacific region.FactSet's adjusted operating margin stood at 37.6%, and adjusted diluted earnings per share (EPS) reached $4.37.

FactSet Research System: Its Monetization of Gen AI Products Could Be A Multi-Faceted Growth Opportunity? - Major Drivers

<ul><li>FactSet's fiscal Q4 2024 earnings presentation revealed a mixture of challenges and successes.</li><li>The company demonstrated growth with organic Annual Subscription Value (ASV) plus professional services increasing by 4.8% year-over-year, totaling $104 million, slightly above the midpoint of their guidance.</li><li>Total revenue rose to $2.2 billion, and adjusted EPS increased to $16.45, signifying a 12.3% growth over the fiscal year.</li></ul>

FactSet's fiscal Q4 2024 earnings presentation revealed a mixture of challenges and successes.The company demonstrated growth with organic Annual Subscription Value (ASV) plus professional services increasing by 4.8% year-over-year, totaling $104 million, slightly above the midpoint of their guidance.Total revenue rose to $2.2 billion, and adjusted EPS increased to $16.45, signifying a 12.3% growth over the fiscal year.

FactSet Research Systems Inc.: Dealing With Challenges Related To  Market Saturation and Competition in Enterprise-Level Service! - Major Drivers

<ul><li>FactSet, a global financial data and software company, recently disclosed its fourth quarter and full-year fiscal 2024 results.</li><li>The company reported an annual organic ASV plus professional services growth of $104 million or 4.8%, a figure aligning with its forecasts.</li><li>Its total annual revenue climbed to $2.2 billion while adjusted operating margin improved to 37.8%, and adjusted earnings per share (EPS) increased to $16.45, evidencing a 12.3% growth.</li></ul>

FactSet, a global financial data and software company, recently disclosed its fourth quarter and full-year fiscal 2024 results.The company reported an annual organic ASV plus professional services growth of $104 million or 4.8%, a figure aligning with its forecasts.Its total annual revenue climbed to $2.2 billion while adjusted operating margin improved to 37.8%, and adjusted earnings per share (EPS) increased to $16.45, evidencing a 12.3% growth.

FactSet Research Systems: How Is It Dealing With The Risk of Aligning With Evolving Data Demands & Other Challenges? - Major Drivers

United States

FactSet Research Systems Inc. supplies global economic and financial data to analysts, investment bankers, and other financial professionals.  The Company combines databases from multiple suppliers into a single online source of information and analytics, including fundamental data.

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Factset Research Systems Inc (FDS US)

Outlook: To Weaken (Underperforming Regional Markets)

KTX expects the SET Index to weaken, with the support levels at 1,053 and 1,040 points and the resistance levels at 1,120 and 1,144 points. Over...

Krungthai XSpring

FactSet Is Quietly Taking Over the Buy-Side—Here’s What Investors Need to Know!

FactSet's second-quarter 2025 results showcase mixed outcomes amid a challenging market environment. The company reported a year-over-year organic...

Baptista Research

FactSet Research System: Its Monetization of Gen AI Products Could Be A Multi-Faceted Growth Opportunity? - Major Drivers

FactSet delivered a mixed set of results for its first fiscal quarter of 2025, showcasing positives in operating performance amid a backdrop of...

Baptista Research

FactSet Research Systems: How Is It Dealing With The Risk of Aligning With Evolving Data Demands & Other Challenges? - Major Drivers

FactSet, a global financial data and software company, recently disclosed its fourth quarter and full-year fiscal 2024 results. The company...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Outlook: To Weaken (Underperforming Regional Markets)

KTX expects the SET Index to weaken, with the support levels at 1,053 and 1,040 points and the resistance levels at 1,120 and 1,144 points. Over...

Krungthai XSpring

FactSet Is Quietly Taking Over the Buy-Side—Here’s What Investors Need to Know!

FactSet's second-quarter 2025 results showcase mixed outcomes amid a challenging market environment. The company reported a year-over-year organic...

Baptista Research

FactSet Research System: Its Monetization of Gen AI Products Could Be A Multi-Faceted Growth Opportunity? - Major Drivers

FactSet delivered a mixed set of results for its first fiscal quarter of 2025, showcasing positives in operating performance amid a backdrop of...

Baptista Research

FactSet Research Systems Inc.: Dealing With Challenges Related To Market Saturation and Competition in Enterprise-Level Service! - Major Drivers

FactSet's fiscal Q4 2024 earnings presentation revealed a mixture of challenges and successes. The company demonstrated growth with organic Annual...

Baptista Research

FactSet Research Systems: How Is It Dealing With The Risk of Aligning With Evolving Data Demands & Other Challenges? - Major Drivers

FactSet, a global financial data and software company, recently disclosed its fourth quarter and full-year fiscal 2024 results. The company...

Baptista Research