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.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,443/1,432 points and the resistance at 1,458/1,467 points (10-day EMA).</li><li>The short-term trend remains in a downtrend, with the index searching for a key support level, with a continuous pattern of lower highs and lower lows for the fifth day.</li><li>For the investment strategy, we recommend waiting to buy only when a higher high, higher low signal appears.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,443/1,432 points and the resistance at 1,458/1,467 points (10-day EMA).The short-term trend remains in a downtrend, with the index searching for a key support level, with a continuous pattern of lower highs and lower lows for the fifth day.For the investment strategy, we recommend waiting to buy only when a higher high, higher low signal appears.

US/EU 3Q24E GDP Growth; Earnings of Microsoft and Meta

<ul><li>Technically, the SET Index is expected to gain, with the resistance at 1,540 points (75-day EMA) /1,550 points and the support at 1,527/1,513 points (25-day/10-day EMA).</li><li>There are two key issues today. First, the highlight will be the second vote on the prime minister.</li><li>In addition to political issues, banks' earnings will be another key concern.</li></ul>

Technically, the SET Index is expected to gain, with the resistance at 1,540 points (75-day EMA) /1,550 points and the support at 1,527/1,513 points (25-day/10-day EMA).There are two key issues today. First, the highlight will be the second vote on the prime minister.In addition to political issues, banks' earnings will be another key concern.

Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points.</li><li>The investment strategy remains cautious, waiting for a technical reversal signal (higher high, higher low) before entering new positions.</li><li>From a fundamental perspective, the valuation has entered an attractive zone for selective buying, with PTT, BBL, and KKP as the recommended picks.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points.The investment strategy remains cautious, waiting for a technical reversal signal (higher high, higher low) before entering new positions.From a fundamental perspective, the valuation has entered an attractive zone for selective buying, with PTT, BBL, and KKP as the recommended picks.

Switzerland

Novartis AG manufactures pharmaceutical and consumer healthcare products. The Company uses innovative science and digital technologies to create transformative treatments in areas of great medical need. Novartis offers patent protected prescription medicine and generic pharmaceuticals and biosimilars.

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Novartis (NOVN SW)

US/EU 3Q24E GDP Growth; Earnings of Microsoft and Meta

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,443/1,432 points and the resistance at...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to gain, with the resistance at 1,540 points (75-day EMA) /1,550 points and the support at 1,527/1,513...

Krungthai XSpring

Global Manufacturing PMI in January

Technically, the SET Index is expected to weaken, with the support at 1,308/1,300 points and the resistance at 1,324/1,330 points. The investment...

Krungthai XSpring

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