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 weaken, with the support at 1,292/1,285 points and resistance at 1,308/1,316 points.</li><li>In the medium term, the index remains in a downtrend, forming a rounding top pattern, with downside risk extending to 1,255 points after hitting a new 4-year and 3-month low at 1,270.87 points on Monday.</li><li>Investment strategy: Sell on rallies and wait for a new technical buy signal.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,292/1,285 points and resistance at 1,308/1,316 points.In the medium term, the index remains in a downtrend, forming a rounding top pattern, with downside risk extending to 1,255 points after hitting a new 4-year and 3-month low at 1,270.87 points on Monday.Investment strategy: Sell on rallies and wait for a new technical buy signal.

Global Services Reports for January, US Private Sector Employment, and Thai Inflation

<ul><li>Technically, the SET Index is expected to fall, with the support at 1,265/1,250 points and the resistance at 1,281/1,286 points.</li><li>In the short term, the chart pattern shifted from an uptrend to a downtrend after the index reached a new low for the year at 1,274.25 points, compared to the previous low of 1,281.87 points on June 29, 2024.</li><li>We maintain our recommendation that investors take profit and wait to buy back when there is a new uptrend signal.</li></ul>

Technically, the SET Index is expected to fall, with the support at 1,265/1,250 points and the resistance at 1,281/1,286 points.In the short term, the chart pattern shifted from an uptrend to a downtrend after the index reached a new low for the year at 1,274.25 points, compared to the previous low of 1,281.87 points on June 29, 2024.We maintain our recommendation that investors take profit and wait to buy back when there is a new uptrend signal.

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,380/1,372 points and the resistance at 1,395 points (50-day EMA)/1,400 points.</li><li>US: Retail sales in January are expected to have slowed down, but industrial production in the same month is likely to have improved.</li><li>We recommend stocks with positive news about earnings results: ADVANC, TTB and MASTER.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,380/1,372 points and the resistance at 1,395 points (50-day EMA)/1,400 points.US: Retail sales in January are expected to have slowed down, but industrial production in the same month is likely to have improved.We recommend stocks with positive news about earnings results: ADVANC, TTB and MASTER.

Equity Bottom-Up

Central Pacific Financial Corp / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204 points.</li><li>As such, the medium- to long-term view remains bullish, and any weakness is seen as a buying opportunity — we recommend investing in selective stocks.</li><li>Today's FOMC meeting is thus expected to maintain the current rate (in line with the consensus).</li></ul>

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204 points.As such, the medium- to long-term view remains bullish, and any weakness is seen as a buying opportunity — we recommend investing in selective stocks.Today's FOMC meeting is thus expected to maintain the current rate (in line with the consensus).

United States

Uber Technologies Inc provides ride hailing services. The Company develops applications for road transportation, navigation, ride sharing, and payment processing solutions. Uber Technologies serves customers worldwide.

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Uber Technologies (UBER US)

Global Services Reports for January, US Private Sector Employment, and Thai Inflation

Technically, the SET Index is expected to weaken, with the support at 1,292/1,285 points and resistance at 1,308/1,316 points. In the medium term,...

Krungthai XSpring

US Trade Balance and EU Retail Sales

Technically, the SET Index is expected to fall, with the support at 1,265/1,250 points and the resistance at 1,281/1,286 points. In the short...

Krungthai XSpring

Keep a Close Watch on US Retail Sales

Technically, the SET Index is expected to move sideways down, with the support at 1,380/1,372 points and the resistance at 1,395 points (50-day...

Krungthai XSpring

US FOMC Meeting

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204...

Krungthai XSpring

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