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 up, with the resistance at 1,301/1,306 points (25-day EMA) and the support at 1,287/1,281 points.</li><li>In the short term, however, the index is in an uptrend, continuing to rise from the year's low of 1,273.17 points on August 5.</li><li>We recommend buying stocks in the food, tourism, agriculture, energy, retail, and healthcare sectors, as their 1H24 earnings performances appear strong, with 12M net profit forecasts being revised upward.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,301/1,306 points (25-day EMA) and the support at 1,287/1,281 points.In the short term, however, the index is in an uptrend, continuing to rise from the year's low of 1,273.17 points on August 5.We recommend buying stocks in the food, tourism, agriculture, energy, retail, and healthcare sectors, as their 1H24 earnings performances appear strong, with 12M net profit forecasts being revised upward.

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,305/1,297 points and the resistance at 1,316/1,325 points.</li><li>The inclusion and exclusion of stocks in the SET50/SET100 indices for 2H24 will begin to affect closing prices from today onward.</li><li>We recommend stocks with positive news stories: TIDLOR, ITC and TIPH (newly added to the SET50/SET100 indices, affecting closing prices today).</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,305/1,297 points and the resistance at 1,316/1,325 points.The inclusion and exclusion of stocks in the SET50/SET100 indices for 2H24 will begin to affect closing prices from today onward.We recommend stocks with positive news stories: TIDLOR, ITC and TIPH (newly added to the SET50/SET100 indices, affecting closing prices today).

Krungthai XSpring Zoom Eng. June 28, 2024

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Old Republic International Corporation disclosed its first-quarter 2024 financial results, showcasing a mixed performance with strengths in General Insurance contrasted by challenges in the Title Insurance segment.</li><li>The company reported a consolidated pretax operating income of $231.5 million, which marks an increase from $222.9 million in the corresponding period of the previous year.</li><li>This growth was primarily driven by a robust performance in the General Insurance sector, which offset the subdued results in Title Insurance due to prevailing market conditions.</li></ul>

Old Republic International Corporation disclosed its first-quarter 2024 financial results, showcasing a mixed performance with strengths in General Insurance contrasted by challenges in the Title Insurance segment.The company reported a consolidated pretax operating income of $231.5 million, which marks an increase from $222.9 million in the corresponding period of the previous year.This growth was primarily driven by a robust performance in the General Insurance sector, which offset the subdued results in Title Insurance due to prevailing market conditions.

Old Republic International Corporation: Initiation of Coverage - Can Its Strategic Technological Investments Give It A Competitive Edge? - Major Drivers

<ul><li>Technically, the SET Index is expected to increase, with the resistance at 1,395/1,404 points (10-day EMA) and the support at 1,373/1,366 points.</li><li>The results of the MSCI quarterly review will be announced tonight (i.e., Wednesday morning of November 11, 2023).</li><li>While US inflation in October may exhibit a slowdown, this development has already been factored into market expectations.</li></ul>

Technically, the SET Index is expected to increase, with the resistance at 1,395/1,404 points (10-day EMA) and the support at 1,373/1,366 points.The results of the MSCI quarterly review will be announced tonight (i.e., Wednesday morning of November 11, 2023).While US inflation in October may exhibit a slowdown, this development has already been factored into market expectations.

Krungthai XSpring Zoom Eng. November 14, 2023

<ul><li>We recommend selling ORI and LH (returns: -1.69% and -3.52%, respectively), as the stocks have fallen out of our top rankings.</li></ul>

We recommend selling ORI and LH (returns: -1.69% and -3.52%, respectively), as the stocks have fallen out of our top rankings.

United States

Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite, and provide risk management services.  The Company provides services for a variety of coverages in the property and liability, mortgage guaranty, title, and life and health insurance fields.

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Old Republic Intl (ORI US)

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways up, with the resistance at 1,301/1,306 points (25-day EMA) and the support at 1,287/1,281...

Krungthai XSpring

Krungthai XSpring Zoom Eng. June 28, 2024

Technically, the SET Index is expected to move sideways down, with the support at 1,305/1,297 points and the resistance at 1,316/1,325 points. The...

Krungthai XSpring

Old Republic International Corporation: Initiation of Coverage - Can Its Strategic Technological Investments Give It A Competitive Edge? - Major Drivers

Old Republic International Corporation disclosed its first-quarter 2024 financial results, showcasing a mixed performance with strengths in...

Baptista Research

Krungthai XSpring Zoom Eng. November 14, 2023

Technically, the SET Index is expected to increase, with the resistance at 1,395/1,404 points (10-day EMA) and the support at 1,373/1,366...

Krungthai XSpring

Big Cap Tactical Picks

We recommend selling ORI and LH (returns: -1.69% and -3.52%, respectively), as the stocks have fallen out of our top rankings.

Krungthai XSpring

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