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.

Technical Analysis

<ul><li>The SET's movement mirrored the previous day, as it initially fell due to continued profit taking and a lack of new factors.</li><li>The index has continued to move along the EMA line and was able to stand above the 25-day EMA line, while the RSI and MACD gave positive signals.</li><li>We therefore expect the index to move sideways or bounce up and recommend buying on weakness, selling on strength.</li></ul>

The SET's movement mirrored the previous day, as it initially fell due to continued profit taking and a lack of new factors.The index has continued to move along the EMA line and was able to stand above the 25-day EMA line, while the RSI and MACD gave positive signals.We therefore expect the index to move sideways or bounce up and recommend buying on weakness, selling on strength.

Recommendation: Buy on Weakness, Sell on Strength

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Seven stocks remain, seven new join the fray</li>
<li>Since inception, it has gained 104% versus the SET 100 Index’s return of 21%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Seven stocks remain, seven new join the fray
Since inception, it has gained 104% versus the SET 100 Index’s return of 21%


The Stocks to Own in Thailand – Vol. 43

Macroeconomics

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,503/1,488 points and the resistance at 1,520/1,525 points (10-day EMA).</li><li>The trade balance is expected to show a deficit for the sixth time in the last eight months.</li><li>Most figures are expected to remain on a downtrend, which would contribute positively to the monthly US inflation rate, potentially leading to a further slowdown.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,503/1,488 points and the resistance at 1,520/1,525 points (10-day EMA).The trade balance is expected to show a deficit for the sixth time in the last eight months.Most figures are expected to remain on a downtrend, which would contribute positively to the monthly US inflation rate, potentially leading to a further slowdown.

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Seven stocks remain, seven new join the fray</li>
<li>Since inception, it has gained 122% versus the SET 100 Index’s return of 35%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Seven stocks remain, seven new join the fray
Since inception, it has gained 122% versus the SET 100 Index’s return of 35%


The Stocks to Own in Thailand – Vol. 42

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways down, with the resistance at 1,535/1,540 points (75-day EMA) and the support at 1,519/1,515 points (25-day EMA).</li><li>The key issue today is the US FOMC meeting.</li><li>We expect the Fed's hawkish stance to push up short-term bond yields and cause the USD to appreciate against the six major currency baskets (in contrast to the past three weeks).</li></ul>

Technically, the SET Index is expected to move sideways down, with the resistance at 1,535/1,540 points (75-day EMA) and the support at 1,519/1,515 points (25-day EMA).The key issue today is the US FOMC meeting.We expect the Fed's hawkish stance to push up short-term bond yields and cause the USD to appreciate against the six major currency baskets (in contrast to the past three weeks).

Thailand

Ichitan Group Public Company Limited is a leading Thai beverage manufacturer specializing in ready-to-drink green teas, herbal drinks, fruit juices, and energy drinks. The company produces a diverse portfolio of non-alcoholic beverages, including major brands like Ichitan Green Tea and Yen Yen. Headquartered in Bangkok, Thailand, the company was founded in 2010.

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Ichitan (ICHI TB)

Recommendation: Buy on Weakness, Sell on Strength

The SET's movement mirrored the previous day, as it initially fell due to continued profit taking and a lack of new factors. The index has...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 43

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Seven stocks remain, seven new...

A. Stotz Investment Research

Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,503/1,488 points and the resistance at 1,520/1,525 points (10-day...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 42

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: 7 stocks remain, 7 new join the fray.

A. Stotz Investment Research

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways down, with the resistance at 1,535/1,540 points (75-day EMA) and the support at...

Krungthai XSpring

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