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.

Thematic (Sector/Industry)

<ul><li>The SET Index is expected to rebound, with the support levels at 1,144 and 1,136 points and the resistance at 1,160 and 1,165 points.</li><li>Technically, a buy signal may emerge if the index holds above the key support level of 1,144 points.</li><li>On the external front, the environment remains neutral. Although President Trump announced an increase in tariffs on steel and aluminum from 25% to 50% effective June 4, the US has postponed the tariff hike on Chinese goods under Section 301 from May 31 to August 31. </li></ul>

The SET Index is expected to rebound, with the support levels at 1,144 and 1,136 points and the resistance at 1,160 and 1,165 points.Technically, a buy signal may emerge if the index holds above the key support level of 1,144 points.On the external front, the environment remains neutral. Although President Trump announced an increase in tariffs on steel and aluminum from 25% to 50% effective June 4, the US has postponed the tariff hike on Chinese goods under Section 301 from May 31 to August 31. 

KTX Zoom - Anticipating a Rebound: Thailand’s Economy May Not Be as Bad as Feared

<ul><li>The SET Index is expected to move up and down within a range of 1,150-1,168/1,176 points today.</li><li>Based on yesterday’s technical signals, the index broke below the key support level of 1,170 points, confirming that the medium-term outlook remains in a downtrend, with a major support level at 1,144 points (buying point).</li><li>While a global market rally yesterday may provide some positive sentiment, other factors continue to pose downside risks. </li></ul>

The SET Index is expected to move up and down within a range of 1,150-1,168/1,176 points today.Based on yesterday’s technical signals, the index broke below the key support level of 1,170 points, confirming that the medium-term outlook remains in a downtrend, with a major support level at 1,144 points (buying point).While a global market rally yesterday may provide some positive sentiment, other factors continue to pose downside risks. 

KTX Zoom: US FOMC Minutes & Nvidia’s Earnings Results - MAY 28, 2025

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,395 points (50-day EMA)/1,400 points and the support at 1,380/1,372 points.</li><li>The index may rebound to 1,416/1,438 points again after it was able to reverse and breach the resistance at 1,390 points, forming a higher high and higher low pattern.</li><li>There is risk of the index returning to a downward direction again if it closes below the key support at 1,380 points.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,395 points (50-day EMA)/1,400 points and the support at 1,380/1,372 points.The index may rebound to 1,416/1,438 points again after it was able to reverse and breach the resistance at 1,390 points, forming a higher high and higher low pattern.There is risk of the index returning to a downward direction again if it closes below the key support at 1,380 points.

Wait for Thailand’s 4Q23 GDP (Monday Morning) And U. Of Michigan Survey in US Tonight

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Seven stocks remain, seven new join the fray</li>
<li>Since inception, it has gained 104% versus the SET 100 Index’s return of 21%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Seven stocks remain, seven new join the fray
Since inception, it has gained 104% versus the SET 100 Index’s return of 21%


The Stocks to Own in Thailand – Vol. 43

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

Pi Securities PCL, Thailand

Pi Securities is a well known securities company with 40 years experience in the industry, serving more than 60,000 clients. We offer one - stop service providing full range of financial products and services including extensive Brokerage, Proprietary Trading (Equities and Bonds), Advisory Services, Structured Products.

Moreover, our new research team tailored for institutional clients to focus on mid to small cap of Thai equities and trading strategies. Our services offered to our premium clients also include arrangement of company or site visits to with the managements of Thai listed companies.

Note: Effective on 1 March 2022, Country Group Securities PCL changed its name to Pi Securities

Equity Bottom-Up

<ul>
<li>The company report 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21).Stripping out extra items, profit would be at Bt174m (-1%QoQ), which is 18% above market </li>
<li>Earnings dips QoQ as expected before hit 2022 high in 4Q22 PLANB reports 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21). Excluding extra items</li>
<li>Media revenue touched all-time high at Bt1.4bn(+118%YoY +7%QoQ) in 3Q22 supported by utilization rate that expanded to eleven-quarter high at 62.1% compared with 57.3% in 2Q22 and 34.9% in 3Q21</li>
</ul>


The company report 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21).Stripping out extra items, profit would be at Bt174m (-1%QoQ), which is 18% above market 
Earnings dips QoQ as expected before hit 2022 high in 4Q22 PLANB reports 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21). Excluding extra items
Media revenue touched all-time high at Bt1.4bn(+118%YoY +7%QoQ) in 3Q22 supported by utilization rate that expanded to eleven-quarter high at 62.1% compared with 57.3% in 2Q22 and 34.9% in 3Q21


PLANB : “Expect Solid Earnings Growth to Remain Throughout 2023’’

Thailand

Plan B Media Public Company Limited is an advertising company. The Company specializes in out-of-home media advertising formats such as bus body, in-bus, golf driving range, large format display, digital billboards, street furniture and in store platforms.

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Plan B Media (PLANB TB)

KTX Zoom - Anticipating a Rebound: Thailand’s Economy May Not Be as Bad as Feared

The SET Index is expected to rebound, with the support levels at 1,144 and 1,136 points and the resistance at 1,160 and 1,165 points.

Krungthai XSpring

KTX Zoom: US FOMC Minutes & Nvidia’s Earnings Results - MAY 28, 2025

The SET Index is expected to move up and down within a range of 1,150-1,168/1,176 points today. Based on yesterday’s technical signals, the index...

Krungthai XSpring

Wait for Thailand’s 4Q23 GDP (Monday Morning) And U. Of Michigan Survey in US Tonight

Technically, the SET Index is expected to move sideways up, with the resistance at 1,395 points (50-day EMA)/1,400 points and the support at 1,380...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 43

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Seven stocks remain, seven new...

A. Stotz Investment Research

PLANB : “Expect Solid Earnings Growth to Remain Throughout 2023’’

The company report 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21). Stripping out extra items, profit would be at Bt174m...

Pi Securities PCL, Thailand

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