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 down, with the support at 1,442/1,434 points and the resistance at 1,456/1,461 points.</li><li>The 3Q23E earnings of Thai banks are expected to increase, as NII should have benefitted from the interest rate uptrend.</li><li>The escalating risks of a potential expansion of the Middle East conflict have triggered risk-off sentiment, prompting investors to divest from high-risk assets and seek refuge in gold and government bonds.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,442/1,434 points and the resistance at 1,456/1,461 points.The 3Q23E earnings of Thai banks are expected to increase, as NII should have benefitted from the interest rate uptrend.The escalating risks of a potential expansion of the Middle East conflict have triggered risk-off sentiment, prompting investors to divest from high-risk assets and seek refuge in gold and government bonds.

South Korea

KakaoBank Corp. operates bank businesses. The Company provides deposit money, withdraw money, credit cards, stock accounts, linked loans, and other services. KakaoBank conducts businesses in South Korea.

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KakaoBank (323410 KS)

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways down, with the support at 1,442/1,434 points and the resistance at 1,456/1,461 points. The...

Krungthai XSpring

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