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 move sideways, with resistance at 1,263/1,270 points and support at 1,252/1,244 points.</li><li>In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within a range of 1,220-1,506 points.</li><li>The minutes are expected to signal a policy rate hold.</li></ul>

Technically, the SET Index is expected to move sideways, with resistance at 1,263/1,270 points and support at 1,252/1,244 points.In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within a range of 1,220-1,506 points.The minutes are expected to signal a policy rate hold.

<ul><li>We reinitiate our coverage on VCOM with a Buy call and a target price of Bt6.70/share, based on 2021E PER of 18x.</li><li>Our Buy rating is underpinned by projected three-year earnings growth at a 23% CAGR, driven by growing demand for IT investment for enterprise alongside the dynamic digital technology cycle.</li><li>VCOM is a leading IT distributor serving corporate clients with a wide range of sophisticated requirements.</li></ul>

We reinitiate our coverage on VCOM with a Buy call and a target price of Bt6.70/share, based on 2021E PER of 18x.Our Buy rating is underpinned by projected three-year earnings growth at a 23% CAGR, driven by growing demand for IT investment for enterprise alongside the dynamic digital technology cycle.VCOM is a leading IT distributor serving corporate clients with a wide range of sophisticated requirements.

China

Huawei Technologies Co., Ltd. provides networking products and telecommunication solutions. The Company researches and develops internet access, transmission network, servers, storage, security, and other networking products. Huawei Technologies also offers business consulting, network integration, assurance, managed, learning, and global delivery services.

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Huawei Technology (40978Z CH)

US FOMC Minutes

Technically, the SET Index is expected to move sideways, with resistance at 1,263/1,270 points and support at 1,252/1,244 points. In the medium...

Krungthai XSpring

Moving Forward

We reinitiate our coverage on VCOM with a Buy call and a target price of Bt6.70/share, based on 2021E PER of 18x. Our Buy rating is underpinned by...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)