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>The SET Index is expected to move sideways, with the support at 1,640/1,630 points and the resistance at 1,660/1,667 points; the technical tools indicate that the index is likely to stabilize after investors bought back at below 1,650 points during the past three trading days.</li><li>Considering the cumulative buying by foreign investors in both the Thai equity and fixed income markets (where there is a high correlation of 80%), we believe that foreign investors will slow down their selling in the SET, which would limit the falls in the share prices of blue-chip stocks.</li><li>We recommend selective buy when share prices weaken in the banking and packaging sectors.</li></ul>

The SET Index is expected to move sideways, with the support at 1,640/1,630 points and the resistance at 1,660/1,667 points; the technical tools indicate that the index is likely to stabilize after investors bought back at below 1,650 points during the past three trading days.Considering the cumulative buying by foreign investors in both the Thai equity and fixed income markets (where there is a high correlation of 80%), we believe that foreign investors will slow down their selling in the SET, which would limit the falls in the share prices of blue-chip stocks.We recommend selective buy when share prices weaken in the banking and packaging sectors.

Australia

SmartGroup Corp Ltd. is an Australian outsourced salary packaging company within the health, not-for-profit, State and Federal Government departments and corporate sectors nationwide.

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Smartgroup Corp (SIQ AU)

Today's Dominant Ideas

The SET Index is expected to move sideways, with the support at 1,640/1,630 points and the resistance at 1,660/1,667 points; the technical tools...

Krungthai XSpring

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