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>Technically, the SET Index is expected to move sideways up, with the resistance at 1,500/1,510 points and the support at 1,488/1,480 points.</li><li>In the medium term, the market remains in a broad sideways range between 1,273 and 1,716 points, currently trending upward to test resistance levels.</li><li>As for the investment strategy, we continue to recommend trading buy on dips.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,500/1,510 points and the support at 1,488/1,480 points.In the medium term, the market remains in a broad sideways range between 1,273 and 1,716 points, currently trending upward to test resistance levels.As for the investment strategy, we continue to recommend trading buy on dips.

TH Earnings Results & China's 3Q24E GDP Growth

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,324/1,332 points and the support at 1,314/1,310 points.</li><li>The market assigns a 45% probability that the BoE will cut interest rates by 25 bps to 5.0%.</li><li>The ISM manufacturing PMI is expected to increase to 48.8 (vs. June at 48.5), while the S&P Global manufacturing PMI is expected to drop sharply to 49.5 (vs. June at 51.6).</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,324/1,332 points and the support at 1,314/1,310 points.The market assigns a 45% probability that the BoE will cut interest rates by 25 bps to 5.0%.The ISM manufacturing PMI is expected to increase to 48.8 (vs. June at 48.5), while the S&P Global manufacturing PMI is expected to drop sharply to 49.5 (vs. June at 51.6).

July's Manufacturing Figures in the US, EU and China and Earnings Results

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,404/1,416 points and the support at 1,394/1,390 points (50-day and 10-day EMAs).</li><li>A close above the resistance at 1,404 points today would signal the initiation of the first significant uptrend of the year, with the next target resistance at 1,416/1,438 points.</li><li>We recommend stocks in the beverage sector that should benefit from the hot season: TACC, HTC, and SAPPE.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,404/1,416 points and the support at 1,394/1,390 points (50-day and 10-day EMAs).A close above the resistance at 1,404 points today would signal the initiation of the first significant uptrend of the year, with the next target resistance at 1,416/1,438 points.We recommend stocks in the beverage sector that should benefit from the hot season: TACC, HTC, and SAPPE.

<ul><li>Technically, the SET Index is expected to show a limited gain, with the resistance at 1,446/1,456 points and the support at 1,429/1,420 points.</li><li>A favorable short-term investment signal will manifest if the index manages to stand above 1,446 points.</li><li>We recommend stocks expected to benefit from event plays today: KCE, AMATA and WHA.</li></ul>

Technically, the SET Index is expected to show a limited gain, with the resistance at 1,446/1,456 points and the support at 1,429/1,420 points.A favorable short-term investment signal will manifest if the index manages to stand above 1,446 points.We recommend stocks expected to benefit from event plays today: KCE, AMATA and WHA.

Taiwan

Taiwan Semiconductor Manufacturing Company Ltd. manufactures integrated circuits based on its proprietary designs.  The Company offers a comprehensive set of integrated circuit fabrication processes to manufacture CMOS logic, mixed-mode, volatile and non-volatile memory and BiCMOS chips.  Taiwan Semiconductor is an affiliate of Philips Electronics N.V.

TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

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TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TH Earnings Results & China's 3Q24E GDP Growth

Technically, the SET Index is expected to move sideways up, with the resistance at 1,500/1,510 points and the support at 1,488/1,480 points. In...

Krungthai XSpring

July's Manufacturing Figures in the US, EU and China and Earnings Results

Technically, the SET Index is expected to move sideways up, with the resistance at 1,324/1,332 points and the support at 1,314/1,310 points. The...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways up, with the resistance at 1,404/1,416 points and the support at 1,394/1,390 points...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to show a limited gain, with the resistance at 1,446/1,456 points and the support at 1,429/1,420 points. A...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)