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>ADVANC is added to the portfolio thanks to a healthy earnings growth outlook on the back of a potential jump in ARPU, while the ERP has risen to reach the average level +2 S.D.</li><li>KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.</li><li>Stocks are selected based on EPS growth and relative changes to their KTX valuations.</li></ul>

ADVANC is added to the portfolio thanks to a healthy earnings growth outlook on the back of a potential jump in ARPU, while the ERP has risen to reach the average level +2 S.D.KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.Stocks are selected based on EPS growth and relative changes to their KTX valuations.

<ul><li>We re-add KTB to the portfolio, as the market expects its two-year earnings growth to achieve a at 5% CAGR.</li><li>We suggest selling BLA and TCAP due to the number of shares exceeding the specified criteria, with holding period returns of -4.0% and -5.2%, respectively.</li><li>Starting today, the KTX Tactical Port will be released in the afternoon each day, allowing for portfolio adjustments within the same trading day.</li></ul>

We re-add KTB to the portfolio, as the market expects its two-year earnings growth to achieve a at 5% CAGR.We suggest selling BLA and TCAP due to the number of shares exceeding the specified criteria, with holding period returns of -4.0% and -5.2%, respectively.Starting today, the KTX Tactical Port will be released in the afternoon each day, allowing for portfolio adjustments within the same trading day.

Krungthai Xspring KTX TACTICAL PICKS - February 28, 2025 (Eng.)

<ul><li>The holding period return of KTB at +16% has exceeded +15%, which is the predetermined threshold for locking in profit.</li><li>KKP has been reintroduced into the portfolio due to its expected strong performance and an 8.2% dividend yield for 2H24.</li><li>Notification: Starting next week, the KTX Tactical Port report will be released in the afternoon each day to allow followers to adjust their portfolios accordingly on the same day.</li></ul>

The holding period return of KTB at +16% has exceeded +15%, which is the predetermined threshold for locking in profit.KKP has been reintroduced into the portfolio due to its expected strong performance and an 8.2% dividend yield for 2H24.Notification: Starting next week, the KTX Tactical Port report will be released in the afternoon each day to allow followers to adjust their portfolios accordingly on the same day.

<ul><li>Technically, the SET Index is expected to move sideways, with resistance at 1,263/1,270 points and support at 1,252/1,244 points.</li><li>In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within a range of 1,220-1,506 points.</li><li>The minutes are expected to signal a policy rate hold.</li></ul>

Technically, the SET Index is expected to move sideways, with resistance at 1,263/1,270 points and support at 1,252/1,244 points.In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within a range of 1,220-1,506 points.The minutes are expected to signal a policy rate hold.

<ul><li>The rebound in the ICT sector and TASCO helped offset the selling pressure in the banking sector, enabling the return of the KTX Tactical Picks portfolio yesterday to outperform the market (+0.2% compared to -0.05% for the SET).</li><li>KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.</li><li>Stocks are selected based on EPS growth and relative changes to their KTX valuations.</li></ul>

The rebound in the ICT sector and TASCO helped offset the selling pressure in the banking sector, enabling the return of the KTX Tactical Picks portfolio yesterday to outperform the market (+0.2% compared to -0.05% for the SET).KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.Stocks are selected based on EPS growth and relative changes to their KTX valuations.

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)

KTX Tactical Picks

ADVANC is added to the portfolio thanks to a healthy earnings growth outlook on the back of a potential jump in ARPU, while the ERP has risen to...

Krungthai XSpring

Krungthai Xspring KTX TACTICAL PICKS - February 28, 2025 (Eng.)

We re-add KTB to the portfolio, as the market expects its two-year earnings growth to achieve a at 5% CAGR. We suggest selling BLA and TCAP due to...

Krungthai XSpring

KTX Tactical Picks

The holding period return of KTB at +16% has exceeded +15%, which is the predetermined threshold for locking in profit. KKP has been reintroduced...

Krungthai XSpring

US FOMC Minutes

Technically, the SET Index is expected to move sideways, with resistance at 1,263/1,270 points and support at 1,252/1,244 points. In the medium...

Krungthai XSpring

KTX Tactical Picks

The rebound in the ICT sector and TASCO helped offset the selling pressure in the banking sector, enabling the return of the KTX Tactical Picks...

Krungthai XSpring

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