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 1,386 points (25-day EMA)/1,379 points and the resistance at 1,396 points (50-day EMA)/1,400 points, as the index yesterday was unable to form a higher high and higher low pattern for the first time in five trading days.</li><li>Most Asian stock markets are closed for the Chinese New Year holiday.</li><li>We recommend stocks with positive factors: MINT, BA and MC.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,386 points (25-day EMA)/1,379 points and the resistance at 1,396 points (50-day EMA)/1,400 points, as the index yesterday was unable to form a higher high and higher low pattern for the first time in five trading days.Most Asian stock markets are closed for the Chinese New Year holiday.We recommend stocks with positive factors: MINT, BA and MC.

<ul><li>Technically, the SET Index is expected to move sideways, with the resistance at 1,375/1,380 points and the support at 1,357/1,352 points.</li><li>The consensus expects the labor market to slacken amid potential declines in inflation.</li><li>We recommend dividend plays: ADVANC, INTUCH and WHAUP.</li></ul>

Technically, the SET Index is expected to move sideways, with the resistance at 1,375/1,380 points and the support at 1,357/1,352 points.The consensus expects the labor market to slacken amid potential declines in inflation.We recommend dividend plays: ADVANC, INTUCH and WHAUP.

<ul><li>We add MINT to the Big Cap portfolio thanks to the positive factor relating to the 2H23E earnings, which are expected to have increased by 80.6% YoY to Bt4.12bn on the back of seasonality in the tourism and food businesses.</li><li>We suggest selling SCB as the stock has fallen out of our top rankings (return: 0%).</li></ul>

We add MINT to the Big Cap portfolio thanks to the positive factor relating to the 2H23E earnings, which are expected to have increased by 80.6% YoY to Bt4.12bn on the back of seasonality in the tourism and food businesses.We suggest selling SCB as the stock has fallen out of our top rankings (return: 0%).

Technical Analysis

<ul><li>The SET experienced a significant decline, mirroring the trend in Asian bourses, attributed to the depreciation of the baht and Thailand's CPI hitting a 33-month low.</li><li>We expect the index to be volatile, but it may rebound; we thus recommend buying on weakness, selling on strength, keeping a close eye on the movement of blue chip stocks as a guideline.</li><li>The stock is thus expected to have a technical rebound.</li></ul>

The SET experienced a significant decline, mirroring the trend in Asian bourses, attributed to the depreciation of the baht and Thailand's CPI hitting a 33-month low.We expect the index to be volatile, but it may rebound; we thus recommend buying on weakness, selling on strength, keeping a close eye on the movement of blue chip stocks as a guideline.The stock is thus expected to have a technical rebound.

Recommendation: Buy on Weakness, Sell on Strength

Canada

The Mint Corporation is a provider of prepaid financial products and services worldwide primarily focused on the underserved. The Company works with business partners to customize prepaid card programs that are tailored to meet a company and its card holder's needs. Mint provides payroll services, money remittance, alternatives to credit, youth cards, travel and general purpose products.

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Mint / (MIT CN)

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Technically, the SET Index is expected to move sideways down, with the support at 1,386 points (25-day EMA)/1,379 points and the resistance at...

Krungthai XSpring

Keep a Close Watch on US Employment Data

Technically, the SET Index is expected to move sideways, with the resistance at 1,375/1,380 points and the support at 1,357/1,352 points. The...

Krungthai XSpring

Big Cap Tactical Picks

We add MINT to the Big Cap portfolio thanks to the positive factor relating to the 2H23E earnings, which are expected to have increased by 80.6%...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

The SET experienced a significant decline, mirroring the trend in Asian bourses, attributed to the depreciation of the baht and Thailand's CPI...

Krungthai XSpring

Big Cap Tactical Picks

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)