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 down, with the resistance at 1,612/1,620 points and the support at 1,595/1,588 points.</li><li>Overall, the investment momentum is negative due to concerns over earnings results and Fed rate hikes.</li><li>We expect the index to move sideways or sideways up and recommend selective speculation, with the focus on medium to large cap stocks.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,612/1,620 points and the support at 1,595/1,588 points.Overall, the investment momentum is negative due to concerns over earnings results and Fed rate hikes.We expect the index to move sideways or sideways up and recommend selective speculation, with the focus on medium to large cap stocks.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,606/1,614 points (75/200-day EMA) and the support at 1,592/1,588 points.</li><li>We recommend trading buy on AH, NEX and LH.</li><li>Investors have reduced expectations for an interest rate hike of 0.75% by the Fed in December after Fed officials expressed concerns over the adverse impacts of higher rates.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,606/1,614 points (75/200-day EMA) and the support at 1,592/1,588 points.We recommend trading buy on AH, NEX and LH.Investors have reduced expectations for an interest rate hike of 0.75% by the Fed in December after Fed officials expressed concerns over the adverse impacts of higher rates.

Krungthai XSpring Zoom Eng. October 26, 2022

South Korea

TMC Co., Ltd. manufactures wires. The Company produces ship cables, passenger ship cables, offshore cables, military cables, fiber optic cables, and other products. TMC conducts businesses in South Korea.

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TMC (217590 KS)

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,612/1,620 points and the support at 1,595/1,588 points. Overall, the...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 26, 2022

The SET Index is expected to move sideways up, with the resistance at 1,606/1,614 points (75/200-day EMA) and the support at 1,592/1,588...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)