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

Central Pacific Financial Corp / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204 points.</li><li>As such, the medium- to long-term view remains bullish, and any weakness is seen as a buying opportunity — we recommend investing in selective stocks.</li><li>Today's FOMC meeting is thus expected to maintain the current rate (in line with the consensus).</li></ul>

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204 points.As such, the medium- to long-term view remains bullish, and any weakness is seen as a buying opportunity — we recommend investing in selective stocks.Today's FOMC meeting is thus expected to maintain the current rate (in line with the consensus).

BHP Billiton Plc (ADR) / Equity Bottom-Up

<ul><li>The KTX Tactical Picks portfolio delivered an average return of +1.0% yesterday, compared to +0.3% for the SET, driven by the outperformance of BBL, KBANK, MTC, and INTUCH.</li><li>As INTUCH will be suspended from trading starting March 21 for the amalgamation process, the position will be closed, with a holding period return of +5.1%.</li><li>KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.</li></ul>

The KTX Tactical Picks portfolio delivered an average return of +1.0% yesterday, compared to +0.3% for the SET, driven by the outperformance of BBL, KBANK, MTC, and INTUCH.As INTUCH will be suspended from trading starting March 21 for the amalgamation process, the position will be closed, with a holding period return of +5.1%.KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.

<ul><li>We recommend cutting losses on MTC after the share price plunged 5.4% (compared to yesterday's morning session closing price), exceeding the specified threshold.</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>

We recommend cutting losses on MTC after the share price plunged 5.4% (compared to yesterday's morning session closing price), exceeding the specified threshold.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>ADVANC has dropped out of the ranking criteria with a return of -1.9%.</li><li>It has been replaced by MTC, given its strong earnings growth outlook at an expected CAGR of 19% in 2024-26E, driven by improvements in asset quality.</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>

ADVANC has dropped out of the ranking criteria with a return of -1.9%.It has been replaced by MTC, given its strong earnings growth outlook at an expected CAGR of 19% in 2024-26E, driven by improvements in asset quality.Starting today, the KTX Tactical Port will be released in the afternoon each day, allowing for portfolio adjustments within the same trading day.

<ul><li>From a tactical perspective, the SET Index is expected to rise, with the resistance at 1,354/1,360 points and the support at 1,340/1,334 points.</li><li>In the medium term, the index remains in a bearish trend, forming a rounding-top pattern within the range of 1,273-1,506 points.</li><li>In the short term, it continues to move in a zig-zag down pattern, searching for a bottom to signal a new upward trend (bottoming out).</li></ul>

From a tactical perspective, the SET Index is expected to rise, with the resistance at 1,354/1,360 points and the support at 1,340/1,334 points.In the medium term, the index remains in a bearish trend, forming a rounding-top pattern within the range of 1,273-1,506 points.In the short term, it continues to move in a zig-zag down pattern, searching for a bottom to signal a new upward trend (bottoming out).

China

MMTEC, Inc. provides online trading services. The Company offers Internet-based technology services and solutions in securities market transactions and settlements. MMTEC serves investment advisors, proprietary trading groups, and brokerage firms worldwide.

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MMTEC Inc (MTC US)

US FOMC Meeting

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204...

Krungthai XSpring

KTX Tactical Picks

The KTX Tactical Picks portfolio delivered an average return of +1.0% yesterday, compared to +0.3% for the SET, driven by the outperformance of...

Krungthai XSpring

KTX Tactical Picks

We recommend cutting losses on MTC after the share price plunged 5.4% (compared to yesterday's morning session closing price), exceeding the...

Krungthai XSpring

KTX Tactical Picks - February 25, 2025

ADVANC has dropped out of the ranking criteria with a return of -1.9%. It has been replaced by MTC, given its strong earnings growth outlook at an...

Krungthai XSpring

US Earnings & FOMC Meeting

From a tactical perspective, the SET Index is expected to rise, with the resistance at 1,354/1,360 points and the support at 1,340/1,334...

Krungthai XSpring

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