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 increase, with the resistance at 1,398/1,405 points and the support at 1,380/1,370 points, based on the recovery pattern after it formed an upward gap for a second day.</li><li>The short-term target is 1,430 points.</li><li>The SET Index is anticipated to experience a further rebound this week, driven by several factors.</li></ul>

Technically, the SET Index is expected to increase, with the resistance at 1,398/1,405 points and the support at 1,380/1,370 points, based on the recovery pattern after it formed an upward gap for a second day.The short-term target is 1,430 points.The SET Index is anticipated to experience a further rebound this week, driven by several factors.

<ul><li>We recommend buying INTUCH in response to ADVANC's expected earnings recovery on the back of seasonality in 4Q23E (+1.5% YoY to Bt7.5bn).</li><li>INTUCH is also a defensive stock, which is expected to offer a dividend yield of 2.9% for 2H23E.</li></ul>

We recommend buying INTUCH in response to ADVANC's expected earnings recovery on the back of seasonality in 4Q23E (+1.5% YoY to Bt7.5bn).INTUCH is also a defensive stock, which is expected to offer a dividend yield of 2.9% for 2H23E.

<ul><li>We suggest buying CRC to benefit from the year-end festive season as well as the outcome of the E-refund spending stimulus scheme early next year.</li><li>The 4Q23E net profit is expected to grow 203.4% QoQ and 0.54% YoY to Bt3.3bn.</li><li>We recommend selling <strong>INTUCH</strong> and <strong>KBANK</strong>, as they have fallen out of our top rankings (return: -0.34% and -0.38%, respectively).</li></ul>

We suggest buying CRC to benefit from the year-end festive season as well as the outcome of the E-refund spending stimulus scheme early next year.The 4Q23E net profit is expected to grow 203.4% QoQ and 0.54% YoY to Bt3.3bn.We recommend selling INTUCH and KBANK, as they have fallen out of our top rankings (return: -0.34% and -0.38%, respectively).

CPN Retail Growth Leasehold REIT / Equity Bottom-Up

CPN Retail Growth Leasehold REIT (CPNREIT TB)

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,424/1,431 points and the support at 1,404/1,393 points, after the pattern changed to a W-shape uptrend toward 1,460 points.</li><li>There may be a positive effect on markets from the talks between US President Biden and Chinese President Xi at the APEC meeting today.</li><li>Investment strategy: Focus on defensive stocks with good dividend payment records: CPNREIT, TCAP and ADVANC.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,424/1,431 points and the support at 1,404/1,393 points, after the pattern changed to a W-shape uptrend toward 1,460 points.There may be a positive effect on markets from the talks between US President Biden and Chinese President Xi at the APEC meeting today.Investment strategy: Focus on defensive stocks with good dividend payment records: CPNREIT, TCAP and ADVANC.

<ul><li>We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%).</li><li>We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%).</li><li>We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%).</li></ul>

We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%).We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%).We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%).

Big Cap Tactical Picks (Eng. / November 3, 2023)

Thailand

Intouch Holdings is a Thai investment holding company that focuses on the telecommunications, media, and technology (TMT) sectors, including digital businesses. It generates revenue primarily through dividends and share of profits from its major stakes in subsidiaries such as Advanced Info Service (AIS), Thailand's largest mobile operator, and Thaicom, Thailand's satellite operator. The company is headquartered in Bangkok, Thailand, and was founded in 1983.

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Intouch Holdings (INTUCH-R TB)

Risk in the SET Is Worth the Reward

Technically, the SET Index is expected to increase, with the resistance at 1,398/1,405 points and the support at 1,380/1,370 points, based on the...

Krungthai XSpring

Big Cap Tactical Picks

We recommend buying INTUCH in response to ADVANC's expected earnings recovery on the back of seasonality in 4Q23E (+1.5% YoY to Bt7.5bn). INTUCH...

Krungthai XSpring

Big Cap Tactical Picks

We suggest buying CRC to benefit from the year-end festive season as well as the outcome of the E-refund spending stimulus scheme early next...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways up, with the resistance at 1,424/1,431 points and the support at 1,404/1,393 points, after...

Krungthai XSpring

Big Cap Tactical Picks (Eng. / November 3, 2023)

We recommend selling INTUCH, as it has fallen out of our top rankings (return: +0.36%). We recommend selling INTUCH, as it has fallen out of our...

Krungthai XSpring

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