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 sideways, with the support at 1,432/1,428 points (75-day EMA) and the resistance at 1,448/1,453 points (10/25-day EMA).</li><li>We maintain our recommendation to delay investments until a new buy signal emerges.</li><li>The Thai stock market closed lower with trading volume of Bt37.2bn.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,432/1,428 points (75-day EMA) and the resistance at 1,448/1,453 points (10/25-day EMA).We maintain our recommendation to delay investments until a new buy signal emerges.The Thai stock market closed lower with trading volume of Bt37.2bn.

Krungthai XSpring Zoom Eng. November 27, 2024

Technical Analysis

<ul><li>The SET initially moved within a tight range, even as China's economic stimulus measures were announced and DELTA's rise provided some support.</li><li>The index reached a new yearly high, suggesting it could continue climbing toward the 1,500-point level if it surpasses the resistance at 1,473 points.</li><li>We expect the index to test the resistance at 1,473 points.</li></ul>

The SET initially moved within a tight range, even as China's economic stimulus measures were announced and DELTA's rise provided some support.The index reached a new yearly high, suggesting it could continue climbing toward the 1,500-point level if it surpasses the resistance at 1,473 points.We expect the index to test the resistance at 1,473 points.

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.</li><li>The delisting of stocks from the MSCI indices is expected to have a negative impact.</li><li>We recommend stocks with positive factors: SAWAD, SISB and MC.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.The delisting of stocks from the MSCI indices is expected to have a negative impact.We recommend stocks with positive factors: SAWAD, SISB and MC.

MSCI Quarterly Review to Impact Closing Prices Today

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,366/1,354 points and the resistance at 1,380/1,388 points, as it has persistently hit new lows, influenced by the rounding-top downtrend pattern.</li><li>The Bank of Japan (BoJ) is anticipated to maintain the policy interest rate at -0.1% and keep the 10Y bond yield at 0.25% in its meeting today.</li><li>GFC aims for revenue growth of 30-40% in 2024, capitalizing on its listing on the SET.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,366/1,354 points and the resistance at 1,380/1,388 points, as it has persistently hit new lows, influenced by the rounding-top downtrend pattern.The Bank of Japan (BoJ) is anticipated to maintain the policy interest rate at -0.1% and keep the 10Y bond yield at 0.25% in its meeting today.GFC aims for revenue growth of 30-40% in 2024, capitalizing on its listing on the SET.

Advanced Info Service / Technical Analysis

<ul><li>The market was awaiting the Fed meeting result and the domestic political situation remained unclear as the 2Q23 earnings were gradually released.</li><li>The index's ascent has been challenging because it has run up and then swung back down quickly for the past several days.</li><li>We thus recommend buying on weakness, selling on strength.</li></ul>

The market was awaiting the Fed meeting result and the domestic political situation remained unclear as the 2Q23 earnings were gradually released.The index's ascent has been challenging because it has run up and then swung back down quickly for the past several days.We thus recommend buying on weakness, selling on strength.

Recommendation: Buy on Weakness, Sell on Strength

United States

Santander Consumer USA Holdings Inc. provides automotive loans. The Company offers new car loans, used car loans, automobile refinance and cash back refinance services.

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Santander Consumer USA (SC US)

Krungthai XSpring Zoom Eng. November 27, 2024

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Recommendation: Selective Speculation

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Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at...

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Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,366/1,354 points and the resistance at 1,380/1,388 points, as it has...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

The market was awaiting the Fed meeting result and the domestic political situation remained unclear as the 2Q23 earnings were gradually...

Krungthai XSpring

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