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.

Cross Asset Strategy

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points.</li><li>We recommend trading buy on TRUE, BBL and GULF.</li><li>Negative momentum may be generated by concerns that foreign investors will remain net sellers as they seek to reduce FX risk caused by baht depreciation, while some may want to lock in profit for window dressing.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points.We recommend trading buy on TRUE, BBL and GULF.Negative momentum may be generated by concerns that foreign investors will remain net sellers as they seek to reduce FX risk caused by baht depreciation, while some may want to lock in profit for window dressing.

Recommendation: Buy on Weakness, Sell on Strength

Equity Bottom-Up

United States

Ingredion Incorporated refines corn and produces sweeteners and starches.  The Company has customers in a wide range of industries, including the food, soft drink, brewing, pharmaceutical, corrugating, paper, and textile industries.  Ingredion has Company-owned operations, joint ventures, alliances, and technical licenses in countries around the world.

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Ingredion Inc (INGR US)

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points. We recommend...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points. We recommend...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)