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>Asian bourses moved in mixed directions, with the Thai market receiving positive support from the better-than-expected 3Q24 GDP data.</li><li>Although the index's outlook remains uncertain, staying above 1,450 points reduces the risk of a downward adjustment.</li><li>The index is expected to move sideways to create a solid base while waiting for a serious rebound opportunity.</li></ul>

Asian bourses moved in mixed directions, with the Thai market receiving positive support from the better-than-expected 3Q24 GDP data.Although the index's outlook remains uncertain, staying above 1,450 points reduces the risk of a downward adjustment.The index is expected to move sideways to create a solid base while waiting for a serious rebound opportunity.

Recommendation: Buy on Weakness, Sell on Strength

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,296 and 1,304 points and the support at 1,281/1,274 points.</li><li>If there are signals supporting rate cuts in the September FOMC meeting, it will be positive for the market.</li><li>This increase may raise market concerns about the risk of a recession in the US once again.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,296 and 1,304 points and the support at 1,281/1,274 points.If there are signals supporting rate cuts in the September FOMC meeting, it will be positive for the market.This increase may raise market concerns about the risk of a recession in the US once again.

Keep a Close Watch on US Employment Figures

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,292/1,286 points and the resistance at 1,306/1,313 points (10-day EMA).</li><li>In the short term, the index is still moving in a downward direction toward testing the support at 1,286/1,281 points, which is the neckline of the double-top (M-shaped) downtrend pattern.</li><li>We recommend waiting to buy when a reversal pattern becomes evident.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,292/1,286 points and the resistance at 1,306/1,313 points (10-day EMA).In the short term, the index is still moving in a downward direction toward testing the support at 1,286/1,281 points, which is the neckline of the double-top (M-shaped) downtrend pattern.We recommend waiting to buy when a reversal pattern becomes evident.

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Six stocks remain, eight new join the fray</li>
<li>Since inception, it has gained 121% versus the SET 100 Index’s return of 20%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Six stocks remain, eight new join the fray
Since inception, it has gained 121% versus the SET 100 Index’s return of 20%


The Stocks to Own in Thailand – Vol. 45

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,339/1,330 points and the resistance at 1,360/1,366 points (10-day EMA).</li><li>The weight of the Thai stock market is expected to decrease due to more stocks being removed than added.</li><li>We recommend stocks with positive stories: SIRI, GLOBAL and TCAP.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,339/1,330 points and the resistance at 1,360/1,366 points (10-day EMA).The weight of the Thai stock market is expected to decrease due to more stocks being removed than added.We recommend stocks with positive stories: SIRI, GLOBAL and TCAP.

Thailand

Major Cineplex Group Public Company Limited is Thailand's largest operator of movie theaters, providing cinema operations and a wide range of entertainment services. Beyond movie showings, the company offers bowling alleys, karaoke rooms, ice skating rinks, advertising services, and rental spaces. Major Cineplex Group was founded in 1995 and is headquartered in Bangkok, Thailand.

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Major Cineplex Group (MAJOR TB)

Recommendation: Buy on Weakness, Sell on Strength

Asian bourses moved in mixed directions, with the Thai market receiving positive support from the better-than-expected 3Q24 GDP data. Although the...

Krungthai XSpring

Keep a Close Watch on US Employment Figures

Technically, the SET Index is expected to move sideways up, with the resistance at 1,296 and 1,304 points and the support at 1,281/1,274...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways down, with the support at 1,292/1,286 points and the resistance at 1,306/1,313 points...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 45

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Six stocks remain, eight new join...

A. Stotz Investment Research

Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,339/1,330 points and the resistance at 1,360/1,366 points (10-day...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)