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>The SET initially experienced profit taking in line with most Asian markets, while AOT and STA saw sharp declines amid the absence of new market catalysts.</li><li>The index started to climb toward the 1,320-point resistance level, signaling hopes of a recovery and potential for sustained upward movement and a reversal pattern.</li><li>As the index is expected to continue rising and should quickly breach the resistance at 1,320 points, we recommend brief speculation.</li></ul>

The SET initially experienced profit taking in line with most Asian markets, while AOT and STA saw sharp declines amid the absence of new market catalysts.The index started to climb toward the 1,320-point resistance level, signaling hopes of a recovery and potential for sustained upward movement and a reversal pattern.As the index is expected to continue rising and should quickly breach the resistance at 1,320 points, we recommend brief speculation.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,315/1,320 points and the support at 1,297/1,288 points.</li><li>We maintain our recommendation that investors do trading buy, with the profit-taking target at the resistance at 1,330 points.</li><li>Moreover, the Thai economy shows signs of ongoing recovery from the 2Q24 to 4Q24, supported by increased government budget disbursement, improved exports, and industrial production.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,315/1,320 points and the support at 1,297/1,288 points.We maintain our recommendation that investors do trading buy, with the profit-taking target at the resistance at 1,330 points.Moreover, the Thai economy shows signs of ongoing recovery from the 2Q24 to 4Q24, supported by increased government budget disbursement, improved exports, and industrial production.

Weekly Strategy (Trading Buy; Expect Window Dressing)

Macroeconomics

<ul><li>On June 18, 2024, the outcomes of four pivotal political cases will shape the direction of the SET.</li><li>Among these cases, the outcome of the prime minister's dismissal petition is deemed to have the most substantial impact on the capital market.</li><li>These dynamics indicate that the current valuation of the SET may be undervalued, making it oversold.</li></ul>

On June 18, 2024, the outcomes of four pivotal political cases will shape the direction of the SET.Among these cases, the outcome of the prime minister's dismissal petition is deemed to have the most substantial impact on the capital market.These dynamics indicate that the current valuation of the SET may be undervalued, making it oversold.

Four Key Political Cases to Determine the Direction of the SET

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,297/1,288 points and the resistance at 1,315/1,320 points.</li><li>We maintain our view that investors should delay investment until there is a technical reversal pattern.</li><li>We view the current SET Index as worth speculating on for potential rebounds.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,297/1,288 points and the resistance at 1,315/1,320 points.We maintain our view that investors should delay investment until there is a technical reversal pattern.We view the current SET Index as worth speculating on for potential rebounds.

<ul><li>Although the market had no new factors, political concerns forced investors to avoid the market, causing the SET to weaken further with thin volume.</li><li>The index declined slowly in a sideways downtrend.</li><li>The index's trend remains negative, but we recommend buying at the support as it is expected to be the technical rebound point.</li></ul>

Although the market had no new factors, political concerns forced investors to avoid the market, causing the SET to weaken further with thin volume.The index declined slowly in a sideways downtrend.The index's trend remains negative, but we recommend buying at the support as it is expected to be the technical rebound point.

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)

Recommendation: Brief Speculation

The SET initially experienced profit taking in line with most Asian markets, while AOT and STA saw sharp declines amid the absence of new market...

Krungthai XSpring

Weekly Strategy (Trading Buy; Expect Window Dressing)

Technically, the SET Index is expected to move sideways up, with the resistance at 1,315/1,320 points and the support at 1,297/1,288 points. We...

Krungthai XSpring

Four Key Political Cases to Determine the Direction of the SET

On June 18, 2024, the outcomes of four pivotal political cases will shape the direction of the SET. Among these cases, the outcome of the prime...

Krungthai XSpring

Chinese Economic Figures the Highlight

Technically, the SET Index is expected to move sideways down, with the support at 1,297/1,288 points and the resistance at 1,315/1,320 points. We...

Krungthai XSpring

Recommendation: Buy at the Support

Although the market had no new factors, political concerns forced investors to avoid the market, causing the SET to weaken further with thin...

Krungthai XSpring

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