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>Still, the index ended up 1.56% from the previous week.</li><li>Thus, the outlook remains positive, and we view that the index will only rest in the short term and then bounce back up.</li><li>We recommend selective speculation, as we expect the index to rise toward the resistance; investors should focus on the movement of large cap stocks as a guideline.</li></ul>

Still, the index ended up 1.56% from the previous week.Thus, the outlook remains positive, and we view that the index will only rest in the short term and then bounce back up.We recommend selective speculation, as we expect the index to rise toward the resistance; investors should focus on the movement of large cap stocks as a guideline.

Cross Asset Strategy

<ul><li>Positive signals for foreign fund flows in the bond market have become visible.</li><li>USDTHB Carry Trade has accelerated above the five-day average, reflecting foreign investors have returned to speculate on the expected baht appreciation.</li><li>Foreign investors have returned to buy back in the bond market, especially 10-year bonds.</li></ul>

Positive signals for foreign fund flows in the bond market have become visible.USDTHB Carry Trade has accelerated above the five-day average, reflecting foreign investors have returned to speculate on the expected baht appreciation.Foreign investors have returned to buy back in the bond market, especially 10-year bonds.

Visible Signs of a Return of Foreign Fund Flows

Thornhill Capital Trust / Technical Analysis

<ul><li>The SET rebounded for a second day and closed at the highest point of the day as a buying force began to flow in, with banking, energy, ICT, electronics and finance stocks rising notably.</li><li>The index had a reversal signal and ran up with an opening gap, causing a large white candlestick to occur.</li><li>We recommend selective speculation after the index continued to climb up with a reversal signal, implying that it will rise further.</li></ul>

The SET rebounded for a second day and closed at the highest point of the day as a buying force began to flow in, with banking, energy, ICT, electronics and finance stocks rising notably.The index had a reversal signal and ran up with an opening gap, causing a large white candlestick to occur.We recommend selective speculation after the index continued to climb up with a reversal signal, implying that it will rise further.

<ul><li>Asian bourses continued to rebound, as did the SET amid quiet trading.</li><li>The index rebounded for the third consecutive day with large cap stock taking the lead, such as banking shares, which alleviated the pressure from low volume.</li><li>We recommend buying on weakness, selling on strength until the index stands above 1,600 points, believing that medium to large cap shares are on the market's radar.</li></ul>

Asian bourses continued to rebound, as did the SET amid quiet trading.The index rebounded for the third consecutive day with large cap stock taking the lead, such as banking shares, which alleviated the pressure from low volume.We recommend buying on weakness, selling on strength until the index stands above 1,600 points, believing that medium to large cap shares are on the market's radar.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.</li><li>Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.</li><li>Positive factors include Thai inflation in November, which may continue to slow down.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points.Negative factors include the better-than-forecast US services PMI in November, suggesting that inflation may not fall as rapidly as the market expects.Positive factors include Thai inflation in November, which may continue to slow down.

Thailand

Next Capital is a Thailand-based non-bank financial institution specializing in hire-purchase loans for new and used motorcycles across major brands. The company also provides title loans, motorcycle insurance, and registration services to individual retail customers, corporate employees, and motorcycle rental businesses. It was founded in 2004 in Bangkok, Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Next Capital (NCAP TB)

Recommendation: Selective Speculation

Still, the index ended up 1.56% from the previous week. Thus, the outlook remains positive, and we view that the index will only rest in the short...

Krungthai XSpring

Visible Signs of a Return of Foreign Fund Flows

Positive signals for foreign fund flows in the bond market have become visible. USDTHB Carry Trade has accelerated above the five-day average,...

Krungthai XSpring

Recommendation: Selective Buy

The SET rebounded for a second day and closed at the highest point of the day as a buying force began to flow in, with banking, energy, ICT,...

Krungthai XSpring

Technical Analysis

Asian bourses continued to rebound, as did the SET amid quiet trading. The index rebounded for the third consecutive day with large cap stock...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,651/1,660 points and the support at 1,635/1,630 points. Negative factors...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)