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.

Technical Analysis

<ul><li>The recovery of tech stocks and a decline in US bond yields, coupled with foreign investors shifting to buy stocks and opening a net long position in the TFEX, led to a more robust increase in the SET than anticipated.</li><li>The index successfully stood above the resistance at 1,380 points, causing the momentum and market sentiment to turn positive.</li><li>We expect the index to climb up and recommend buying on weakness, selling on strength; and if it stands above 1,395 points, we will review the outlook.</li></ul>

The recovery of tech stocks and a decline in US bond yields, coupled with foreign investors shifting to buy stocks and opening a net long position in the TFEX, led to a more robust increase in the SET than anticipated.The index successfully stood above the resistance at 1,380 points, causing the momentum and market sentiment to turn positive.We expect the index to climb up and recommend buying on weakness, selling on strength; and if it stands above 1,395 points, we will review the outlook.

Recommendation: Buy On Weakness, Sell On Strength

United States

Trex Company, Inc. manufactures non-wood decking alternative products. The Company offers decking and railing, outdoor lighting, and accessory hardware products. Trex serves customers globally.

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Trex Company (TREX US)

Recommendation: Buy On Weakness, Sell On Strength

The recovery of tech stocks and a decline in US bond yields, coupled with foreign investors shifting to buy stocks and opening a net long position...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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