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>The SET Index today is expected to fluctuate, with the support at 1,660/1,650 points and the resistance at 1,673/1,680 points.</li><li>Investment strategy: We recommend high dividend stocks with yields over 4% within May 2023, as they are expected to outperform the market during the dividend payment season from February to May.</li><li>The SET swung in both positive and negative territory, with turnover of Bt52bn.</li></ul>

The SET Index today is expected to fluctuate, with the support at 1,660/1,650 points and the resistance at 1,673/1,680 points.Investment strategy: We recommend high dividend stocks with yields over 4% within May 2023, as they are expected to outperform the market during the dividend payment season from February to May.The SET swung in both positive and negative territory, with turnover of Bt52bn.

BHP Billiton Plc (ADR) / Equity Bottom-Up

<ul><li>QH fell out of our top rankings just one day after being added (return: 0.00%), as it was the last stock on the list. We set the loss-stopping point at Bt2.30.</li><li>Yesterday, our Big Cap portfolio generated a return of -0.30%, outperforming the SET Index's return of -0.60%, on the back of the positive closures of the share prices of reopening plays (PLANB, CENTEL, MINT, AOT, CPN and BEM).</li></ul>

QH fell out of our top rankings just one day after being added (return: 0.00%), as it was the last stock on the list. We set the loss-stopping point at Bt2.30.Yesterday, our Big Cap portfolio generated a return of -0.30%, outperforming the SET Index's return of -0.60%, on the back of the positive closures of the share prices of reopening plays (PLANB, CENTEL, MINT, AOT, CPN and BEM).

<ul><li>Out of 17 firms having announced 4Q22 earnings, 64.71% reported downbeat results</li><li>The SET Index is expected to fall to the support at 1,650/1,660 points, with the resistance at 1,680/1,690 points.</li><li>Regarding medium- to long-term investment, we recommend waiting to buy at the major support at 1,650 points.</li></ul>

Out of 17 firms having announced 4Q22 earnings, 64.71% reported downbeat resultsThe SET Index is expected to fall to the support at 1,650/1,660 points, with the resistance at 1,680/1,690 points.Regarding medium- to long-term investment, we recommend waiting to buy at the major support at 1,650 points.

SET-Listed Firms May Report Downbeat 4Q22E Earnings, Causing the SET Index to Test 1,650 Points

<ul><li>The SET Index is expected to move in the range of 1,680-1,690 points.</li><li>KTX expects inflation in January 2023, which will be released this morning, to fall short of the market's projection at 5.10% YoY and come in below the figure of 5.89% YoY reported in December 2022.</li><li>We view this as a positive factor for domestic plays, such as retail and food stocks, which will benefit from stronger purchasing power and lower production costs.</li></ul>

The SET Index is expected to move in the range of 1,680-1,690 points.KTX expects inflation in January 2023, which will be released this morning, to fall short of the market's projection at 5.10% YoY and come in below the figure of 5.89% YoY reported in December 2022.We view this as a positive factor for domestic plays, such as retail and food stocks, which will benefit from stronger purchasing power and lower production costs.

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)

Today's Dominant Ideas

The SET Index today is expected to fluctuate, with the support at 1,660/1,650 points and the resistance at 1,673/1,680 points. Investment...

Krungthai XSpring

Big Cap Tactical Picks

Krungthai XSpring

Big Cap Tactical Picks

QH fell out of our top rankings just one day after being added (return: 0.00%), as it was the last stock on the list. We set the loss-stopping...

Krungthai XSpring

SET-Listed Firms May Report Downbeat 4Q22E Earnings, Causing the SET Index to Test 1,650 Points

Out of 17 firms having announced 4Q22 earnings, 64.71% reported downbeat results The SET Index is expected to fall to the support at 1,650/1,660...

Krungthai XSpring

Today's Dominant Ideas

The SET Index is expected to move in the range of 1,680-1,690 points. KTX expects inflation in January 2023, which will be released this morning,...

Krungthai XSpring

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