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 in response to the US presidential election results, with an upward trend anticipated if Kamala Harris wins and a downward trend if Donald Trump does.</li><li>The resistance levels are set at 1,494 and 1,506 points, while support levels are at 1,473 and 1,466 points (10-day EMA).</li><li>For the tactical play strategy, we suggest trading buy on selective stocks.</li></ul>

Technically, the SET Index is expected to move in response to the US presidential election results, with an upward trend anticipated if Kamala Harris wins and a downward trend if Donald Trump does.The resistance levels are set at 1,494 and 1,506 points, while support levels are at 1,473 and 1,466 points (10-day EMA).For the tactical play strategy, we suggest trading buy on selective stocks.

US Election and Composite/Services PMIs in Japan and the EU

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The outlook for verticals such as Security Solutions and Facility Management remains positive.</li><li>International business has experienced a decline but is expected to regain momentum.</li><li>The management is confident that demand will pick up in the medium term, supported by orders won in recent quarters. It also anticipates further improvement in margins moving forward.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The outlook for verticals such as Security Solutions and Facility Management remains positive.International business has experienced a decline but is expected to regain momentum.The management is confident that demand will pick up in the medium term, supported by orders won in recent quarters. It also anticipates further improvement in margins moving forward.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SIS Ltd. - Better Recovery; Improving Outlook to Support Growth

<ul><li>Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (50-day EMA)/1,380 points and the support at 1,356 points/1,350 points.</li><li>In the short term, the index remains in an uptrend, marking a higher high and higher low for the seventh consecutive day.</li><li>We recommend holding positions and waiting to take profit at the resistance level.</li></ul>

Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (50-day EMA)/1,380 points and the support at 1,356 points/1,350 points.In the short term, the index remains in an uptrend, marking a higher high and higher low for the seventh consecutive day.We recommend holding positions and waiting to take profit at the resistance level.

Technical Analysis

<ul><li>The SET faced a lack of supporting factors and was pressured by the decline of Asian bourses, political concerns, and selling by foreign investors for the ninth consecutive day.</li><li>Consequently, the index risks hitting a new low if it falls below the support at 1,330 points.</li><li>We recommend holding cash until there is a positive signal or a reversal signal from the index, even though it may alternatively rebound.</li></ul>

The SET faced a lack of supporting factors and was pressured by the decline of Asian bourses, political concerns, and selling by foreign investors for the ninth consecutive day.Consequently, the index risks hitting a new low if it falls below the support at 1,330 points.We recommend holding cash until there is a positive signal or a reversal signal from the index, even though it may alternatively rebound.

<ul><li>In Q4FY24, SIS reported revenue of Rs 3,138 Cr, registering a growth of 2%/5% QoQ/YoY.</li><li>The company’s consolidated EBITDA for the quarter de-grew by 3.8% QoQ to Rs 150 Cr on account of the rebound of international business and strong demand for Indian security solutions.</li><li>It reported a net income of Rs -11.7 Cr, which declined by 132%/113% QoQ/YoY. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q4FY24, SIS reported revenue of Rs 3,138 Cr, registering a growth of 2%/5% QoQ/YoY.The company’s consolidated EBITDA for the quarter de-grew by 3.8% QoQ to Rs 150 Cr on account of the rebound of international business and strong demand for Indian security solutions.It reported a net income of Rs -11.7 Cr, which declined by 132%/113% QoQ/YoY. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SIS Ltd. - Results Below Expectations; Improving Outlook to Support Growth

India

SIS Limited is a multinational business services provider, offering security, facility management, and cash logistics services. The company provides a comprehensive range of security solutions, including manned guarding, electronic security, and emergency response, along with integrated facility management and cash-in-transit services. SIS Limited is headquartered in New Delhi, India, and was founded in 1985.

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

SIS (SECIS IN)

US Election and Composite/Services PMIs in Japan and the EU

Technically, the SET Index is expected to move in response to the US presidential election results, with an upward trend anticipated if Kamala...

Krungthai XSpring

SIS Ltd. - Better Recovery; Improving Outlook to Support Growth

The outlook for verticals such as Security Solutions and Facility Management remains positive. International business has experienced a decline but...

Axis Direct

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (50-day EMA)/1,380 points and the support at 1,356...

Krungthai XSpring

Recommendation: Hold Cash

The SET faced a lack of supporting factors and was pressured by the decline of Asian bourses, political concerns, and selling by foreign investors...

Krungthai XSpring

SIS Ltd. - Results Below Expectations; Improving Outlook to Support Growth

The company’s consolidated EBITDA for the quarter de-grew by 3.8% QoQ to Rs 150 Cr on account of the rebound of international business and strong...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)