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>The SET Index is expected to move sideways down, with the support at 1,615/1,610 points and the resistance at 1,635/1,640 points.</li><li>Negative momentum is being generated by the sharp fall of US markets due to concerns over a recession after retail sales in November showed a bigger-than-expected drop.</li><li>We recommend trading buy on BDMS, SAPPE and HMPRO.</li></ul>

The SET Index is expected to move sideways down, with the support at 1,615/1,610 points and the resistance at 1,635/1,640 points.Negative momentum is being generated by the sharp fall of US markets due to concerns over a recession after retail sales in November showed a bigger-than-expected drop.We recommend trading buy on BDMS, SAPPE and HMPRO.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,620/1,612 points.</li><li>We recommend trading buy on PRM, SCB and AP.</li><li>Today's investment momentum is slightly negative after the Fed signaled higher-than-expected interest rate hikes.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,620/1,612 points.We recommend trading buy on PRM, SCB and AP.Today's investment momentum is slightly negative after the Fed signaled higher-than-expected interest rate hikes.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,569/1,580 points and the support at 1,556/1,550 points.</li><li>We recommend trading buy on JMART, CPF and SCGP.</li><li>Negative momentum is being generated by investors slowing down their investment in order to reduce risk amid the uncertainty in the Thai equity, bond and FX markets ahead of the long weekend starting Thursday.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,569/1,580 points and the support at 1,556/1,550 points.We recommend trading buy on JMART, CPF and SCGP.Negative momentum is being generated by investors slowing down their investment in order to reduce risk amid the uncertainty in the Thai equity, bond and FX markets ahead of the long weekend starting Thursday.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,580/1,588 points and the support at 1,562/1,556 points.</li><li>Negative momentum may be generated by investors reducing their holdings of Thai equities ahead of the long weekend in order to reduce risks related to the US CPI for September, which will be released on Thursday.</li><li>Today's highlights include the release of the IMF's global economic growth projections, which are expected to be revised down again following the previous revision in July (negative to exports); and Japan's official reopening for the first day (positive to the aviation sector and AOT).</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,580/1,588 points and the support at 1,562/1,556 points.Negative momentum may be generated by investors reducing their holdings of Thai equities ahead of the long weekend in order to reduce risks related to the US CPI for September, which will be released on Thursday.Today's highlights include the release of the IMF's global economic growth projections, which are expected to be revised down again following the previous revision in July (negative to exports); and Japan's official reopening for the first day (positive to the aviation sector and AOT).

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Our outlook remains bullish, and this is not based solely on new highs in the S&amp;P 500 or Russell 2000. While we like to have those boxes checked, more important to us are the trends at the Sector and Group levels. And right now what we see confirms a risk-on environment confirmed by technical strength in manufacturing, biotechs, banks, energy, miners, semis, and foreign markets -- all buys.</p>

Our outlook remains bullish, and this is not based solely on new highs in the S&amp;P 500 or Russell 2000. While we like to have those boxes checked, more important to us are the trends at the Sector and Group levels. And right now what we see confirms a risk-on environment confirmed by technical strength in manufacturing, biotechs, banks, energy, miners, semis, and foreign markets -- all buys.

U.S. Equities: Sector & Group-Level Trends Confirm Risk-On Environment

United States

Sparton Corporation provides electronic manufacturing services, including design and/or manufacture of a variety of electronic and electromechanical products and assemblies.  The Company's products include microprocessor-based systems, transducers, printed circuit boards, and sensors.  Sparton also develops and manufactures sonobuoys, which are anti-submarine warfare devices.

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Sparton Corp (SPA US)

Market Outlook

The SET Index is expected to move sideways down, with the support at 1,615/1,610 points and the resistance at 1,635/1,640 points. Negative...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,620/1,612 points. We recommend trading...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,569/1,580 points and the support at 1,556/1,550 points. We recommend...

Krungthai XSpring

Market Outlook and Recommendations

The SET Index is expected to move sideways down, with the resistance at 1,580/1,588 points and the support at 1,562/1,556 points. Negative...

Krungthai XSpring

U.S. Equities: Sector & Group-Level Trends Confirm Risk-On Environment

Our outlook remains bullish, and this is not based solely on new highs in the S&P 500 or Russell 2000. While we like to have those boxes...

Vermilion Research

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