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>Technically, the SET Index is expected to advance in a sideways-up pattern, with the resistance at 1,330/1,333 points and the support at 1,314 points (50-day EMA)/1,310 points.</li><li>The likelihood of the MPC maintaining the policy interest rate at the August 21 meeting has increased following the National Economic and Social Development Council's (NESDC) recent announcement of a slight revision to its 2024E GDP growth estimate, now at 2.3-2.8% (mean of 2.55%), compared to the previous 2-3% (mean of 2.5%).</li><li>We recommend stocks with positive factors: SCB, PTT and GFPT.</li></ul>

Technically, the SET Index is expected to advance in a sideways-up pattern, with the resistance at 1,330/1,333 points and the support at 1,314 points (50-day EMA)/1,310 points.The likelihood of the MPC maintaining the policy interest rate at the August 21 meeting has increased following the National Economic and Social Development Council's (NESDC) recent announcement of a slight revision to its 2024E GDP growth estimate, now at 2.3-2.8% (mean of 2.55%), compared to the previous 2-3% (mean of 2.5%).We recommend stocks with positive factors: SCB, PTT and GFPT.

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Daily Market Outlook and Strategic Picks

Technically, the SET Index is expected to advance in a sideways-up pattern, with the resistance at 1,330/1,333 points and the support at 1,314...

Krungthai XSpring

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