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

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,455/1,462 points and the support at 1,442/1,436 points.</li><li>+US: The September manufacturing reports from both ISM and S&P Global are expected to show mixed signals.</li><li>We recommend BA, SIRI and MOSHI.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,455/1,462 points and the support at 1,442/1,436 points.+US: The September manufacturing reports from both ISM and S&P Global are expected to show mixed signals.We recommend BA, SIRI and MOSHI.

Wait for Buying Momentum From the Vayupak Fund; And Monitor September Manufacturing Data From the US, EU, Japan, and Thailand

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Thematic (Sector/Industry)

<ul><li>The Forsyth Barr EV and Vehicle Digest delves into the automotive landscape in NZ and the accelerating electric vehicle (EV) revolution.</li><li>We aim to provide regular insights into crucial industry aspects, such as government policies, vehicle loan financing, and transaction analysis.</li><li>Further, we will periodically detail developments in consumer preferences, charging infrastructure, battery technology, and other influencing factors in the industry.</li></ul>

The Forsyth Barr EV and Vehicle Digest delves into the automotive landscape in NZ and the accelerating electric vehicle (EV) revolution.We aim to provide regular insights into crucial industry aspects, such as government policies, vehicle loan financing, and transaction analysis.Further, we will periodically detail developments in consumer preferences, charging infrastructure, battery technology, and other influencing factors in the industry.

Forsyth Barr EV and Vehicle Digest - Edition 3 — Clean Car Discount Ends

Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,377/1,370 points and the resistance at 1,390/1,395 points (10-day EMA).</li><li>For the weekly strategy, it is recommended to buy, focusing on the return on investment as the market re-enters the buying zone, particularly in the banking and insurance sectors.</li><li>The market risk premium (MRP) has accordingly risen to 4.77%, returning to the oversold zone, indicating that the Thai stock market correction has overreacted to the risks.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,377/1,370 points and the resistance at 1,390/1,395 points (10-day EMA).For the weekly strategy, it is recommended to buy, focusing on the return on investment as the market re-enters the buying zone, particularly in the banking and insurance sectors.The market risk premium (MRP) has accordingly risen to 4.77%, returning to the oversold zone, indicating that the Thai stock market correction has overreacted to the risks.

Services PMIs of the US, EU and China, Along with Thai Inflation

PTT Exploration & Production / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move up, with the resistance at 1,550/1,555 points and the support at 1,537/1,529 points (the gap opened on August 22), despite the overall direction pointing to a downtrend.</li><li>Based on the change in the money market in the past week, we view that the SET Index may "rebound before falling further."</li><li>Investment strategy: We recommend stocks being boosted by global plays as it relates to global crude oil prices: PTTEP, TOP and BCP.</li></ul>

Technically, the SET Index is expected to move up, with the resistance at 1,550/1,555 points and the support at 1,537/1,529 points (the gap opened on August 22), despite the overall direction pointing to a downtrend.Based on the change in the money market in the past week, we view that the SET Index may "rebound before falling further."Investment strategy: We recommend stocks being boosted by global plays as it relates to global crude oil prices: PTTEP, TOP and BCP.

Netherlands

Stellantis is a multinational automotive manufacturing corporation that designs, engineers, manufactures, distributes, and sells vehicles and components. Formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group, the company offers a portfolio of 14 iconic vehicle brands including Jeep, Peugeot, Citroën, Fiat, and Dodge. Stellantis is headquartered in Hoofddorp, Netherlands, and was founded on January 17, 2021.

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Stellantis (STLAM IM)

Krungthai XSpring Zoom Eng. November 27, 2024

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...

Krungthai XSpring

Wait for Buying Momentum From the Vayupak Fund; And Monitor September Manufacturing Data From the US, EU, Japan, and Thailand

Technically, the SET Index is expected to move sideways up, with the resistance at 1,455/1,462 points and the support at 1,442/1,436 points. +US:...

Krungthai XSpring

Forsyth Barr EV and Vehicle Digest - Edition 3 — Clean Car Discount Ends

The Forsyth Barr EV and Vehicle Digest delves into the automotive landscape in NZ and the accelerating electric vehicle (EV) revolution.

Forsyth Barr

Services PMIs of the US, EU and China, Along with Thai Inflation

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,377/1,370 points and the resistance at...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to move up, with the resistance at 1,550/1,555 points and the support at 1,537/1,529 points (the gap opened...

Krungthai XSpring

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