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>Although the BoJ raised interest rates for the first time in 17 years, this did not have any effect on the market.</li><li>The index dropped down near the support at 1,380 points with relatively light trading volume, but a surge in buying pressure swiftly propelled it back upward.</li><li>The index thus currently lacks clear negative signals, suggesting limited downward movement.</li></ul>

Although the BoJ raised interest rates for the first time in 17 years, this did not have any effect on the market.The index dropped down near the support at 1,380 points with relatively light trading volume, but a surge in buying pressure swiftly propelled it back upward.The index thus currently lacks clear negative signals, suggesting limited downward movement.

<ul><li>The index successfully breached the resistance at 1,393 points, affirming its ongoing rebound phase.</li><li>The indicators are also signaling positivity, particularly with the MACD potentially crossing the zero line, which would further bolster the upward momentum.</li><li>As we expect the index to continue rising, we recommend selective speculation; investors should keep a close eye on large cap stocks as a guideline.</li></ul>

The index successfully breached the resistance at 1,393 points, affirming its ongoing rebound phase.The indicators are also signaling positivity, particularly with the MACD potentially crossing the zero line, which would further bolster the upward momentum.As we expect the index to continue rising, we recommend selective speculation; investors should keep a close eye on large cap stocks as a guideline.

Cross Asset Strategy

<ul><li>The February PPI report is anticipated to show a MoM rise of +0.3% and a YoY increase of +1.1% (compared to January's +0.3% MoM and +0.9% YoY).</li><li>The consensus expects better growth of +0.8% MoM and +1% YoY (vs. January at 0.8% MoM and +0.6% YoY).</li><li>We recommend stocks with positive news stories: TACC, ICHI, and BCP.</li></ul>

The February PPI report is anticipated to show a MoM rise of +0.3% and a YoY increase of +1.1% (compared to January's +0.3% MoM and +0.9% YoY).The consensus expects better growth of +0.8% MoM and +1% YoY (vs. January at 0.8% MoM and +0.6% YoY).We recommend stocks with positive news stories: TACC, ICHI, and BCP.

Keep a Close Watch on US PPI and Retail Sales

<ul><li>Asian bourses responded favorably to Nvidia's strong earnings, and fund inflows into the SET enabled it to run up further.</li><li>The index was able to cross the resistance at 1,395 points and return to stand over 1,400 points.</li><li>Furthermore, the selling pressure was unable to drag the index down over the last several days, indicating that the market's confidence is gradually returning.</li></ul>

Asian bourses responded favorably to Nvidia's strong earnings, and fund inflows into the SET enabled it to run up further.The index was able to cross the resistance at 1,395 points and return to stand over 1,400 points.Furthermore, the selling pressure was unable to drag the index down over the last several days, indicating that the market's confidence is gradually returning.

Errawarra Resources  / Technical Analysis

<ul><li>Asian markets surged as tech stocks rebounded, propelling the SET's recovery forward despite robust buying in energy, banking and dividend stocks.</li><li>The index bounced up and then immediately swung back down, causing some investors to postpone their investing amid the light volume.</li><li>Standing above the support at 1,380 points should lead the index to move sideways; hence, we recommend selective speculation, with the focus on small to medium cap stocks.</li></ul>

Asian markets surged as tech stocks rebounded, propelling the SET's recovery forward despite robust buying in energy, banking and dividend stocks.The index bounced up and then immediately swung back down, causing some investors to postpone their investing amid the light volume.Standing above the support at 1,380 points should lead the index to move sideways; hence, we recommend selective speculation, with the focus on small to medium cap stocks.

Thailand

Indorama Ventures is a global petrochemical producer specializing in intermediate petrochemicals and polymers. The company is the world's largest producer of PET resins, and also manufactures polyester fibers and yarns, purified terephthalic acid (PTA), ethylene oxide (EO), and ethylene glycol (EG). Indorama Ventures is headquartered in Bangkok, Thailand, and was founded in 1994.

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Indorama Ventures (IVL TB)

Technical Analysis

Although the BoJ raised interest rates for the first time in 17 years, this did not have any effect on the market. The index dropped down near the...

Krungthai XSpring

Technical Analysis

The index successfully breached the resistance at 1,393 points, affirming its ongoing rebound phase. The indicators are also signaling positivity,...

Krungthai XSpring

Keep a Close Watch on US PPI and Retail Sales

The February PPI report is anticipated to show a MoM rise of +0.3% and a YoY increase of +1.1% (compared to January's +0.3% MoM and +0.9%...

Krungthai XSpring

Technical Analysis

Asian bourses responded favorably to Nvidia's strong earnings, and fund inflows into the SET enabled it to run up further. The index was able to...

Krungthai XSpring

Recommendation: Selective Speculation

Asian markets surged as tech stocks rebounded, propelling the SET's recovery forward despite robust buying in energy, banking and dividend...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)