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>(+) Easing US Treasury yields and crude oil prices are supporting risk appetite.</li><li>(+) The baht is strengthening toward Bt33/USD amid foreign fund inflows, supporting BBL, KTB, PTTGC and WHA.</li><li>(+) The Cabinet is expected to consider extending the “Thai Chuai Thai Plus" scheme by two months today.</li></ul>

(+) Easing US Treasury yields and crude oil prices are supporting risk appetite.(+) The baht is strengthening toward Bt33/USD amid foreign fund inflows, supporting BBL, KTB, PTTGC and WHA.(+) The Cabinet is expected to consider extending the “Thai Chuai Thai Plus" scheme by two months today.

Technical Analysis

<ul><li>The SET declined in contrast to gains in other Asian bourses, which rebounded on optimism over US-China trade negotiations and support from technology stocks.</li><li>The index dropped quickly, even though the selling pressure wasn't particularly intense.</li><li>We recommend holding cash until there is a clear reversal signal or a positive signal indicating a short-term rebound.</li></ul>

The SET declined in contrast to gains in other Asian bourses, which rebounded on optimism over US-China trade negotiations and support from technology stocks.The index dropped quickly, even though the selling pressure wasn't particularly intense.We recommend holding cash until there is a clear reversal signal or a positive signal indicating a short-term rebound.

<ul><li>The SET and other Asian markets declined as the US imposed higher-than-expected import tariffs, with Thailand facing a 36% rate.</li><li>As long as the index stays above 1,160-1,150 points, the outlook remains constructive.</li><li>However, we recommend selling on strength or holding cash until a clear bullish signal emerges.</li></ul>

The SET and other Asian markets declined as the US imposed higher-than-expected import tariffs, with Thailand facing a 36% rate.As long as the index stays above 1,160-1,150 points, the outlook remains constructive.However, we recommend selling on strength or holding cash until a clear bullish signal emerges.

Recommendation: Sell On Strength Or Hold Cash

Bangkok Dusit Medical Services / Technical Analysis

<ul><li>The TIPs group saw a rebound in the SET, mirroring trends in other Asian bourses.</li><li>The index is gradually approaching the key resistance zone of 1,181-1,187 points, with the MACD trending upward.</li><li>We recommend selling on strength, buying on dips, as the index is expected to test the resistance at 1,181-1,187 points.</li></ul>

The TIPs group saw a rebound in the SET, mirroring trends in other Asian bourses.The index is gradually approaching the key resistance zone of 1,181-1,187 points, with the MACD trending upward.We recommend selling on strength, buying on dips, as the index is expected to test the resistance at 1,181-1,187 points.

<ul><li>The SET index dropped more than expected, primarily due to the disappointing performances of AOT and CPN, along with ADVANC retreating after a significant surge.</li><li>The index's sharp decline suggests that the downtrend may resume quickly, especially after forming a sideways pattern, and it is likely to test major support at 1,260-1,250 points.</li><li>Therefore, we recommend adopting a strategy of selling on rises and buying on dips.</li></ul>

The SET index dropped more than expected, primarily due to the disappointing performances of AOT and CPN, along with ADVANC retreating after a significant surge.The index's sharp decline suggests that the downtrend may resume quickly, especially after forming a sideways pattern, and it is likely to test major support at 1,260-1,250 points.Therefore, we recommend adopting a strategy of selling on rises and buying on dips.

Recommendation: Sell On Rises, Buy On Dips

South Korea

KTBnetwork Co. Ltd. provides venture capital services. The Company specializes in private equity, corporate restructurings, mergers, acquisitions, divestitures, and cross-border transactions. KTBnetwork serves clients worldwide.

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KTB Network (298870 KS)

SET Index Outlook

(+) Easing US Treasury yields and crude oil prices are supporting risk appetite. (+) The baht is strengthening toward Bt33/USD amid foreign fund...

Krungthai XSpring

Recommendation: Hold Cash

The SET declined in contrast to gains in other Asian bourses, which rebounded on optimism over US-China trade negotiations and support from...

Krungthai XSpring

Recommendation: Sell On Strength Or Hold Cash

The SET and other Asian markets declined as the US imposed higher-than-expected import tariffs, with Thailand facing a 36% rate. As long as the...

Krungthai XSpring

Technical Analysis

The TIPs group saw a rebound in the SET, mirroring trends in other Asian bourses. The index is gradually approaching the key resistance zone of...

Krungthai XSpring

Recommendation: Sell On Rises, Buy On Dips

The SET index dropped more than expected, primarily due to the disappointing performances of AOT and CPN, along with ADVANC retreating after a...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)