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

Bangkok Dusit Medical Services / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points (10/25-day EMA).</li><li>The MSCI Quarterly Review will impact closing prices today for the first day.</li><li>KTX has downgraded our short-term outlook on the SET Index due to increasing risk factors.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points (10/25-day EMA).The MSCI Quarterly Review will impact closing prices today for the first day.KTX has downgraded our short-term outlook on the SET Index due to increasing risk factors.

MSCI Rebalancing to Impact Closing Prices Today & Weekly Strategy

<ul><li>Technically, the SET Index is expected to move in a sideways-down trend, with the support at 1,432/1,424 points and the resistance at 1,447 points and 1,454 points (10-day EMA).</li><li>Thailand's economy is expected to continue improving YoY in 4Q24E owing to the low base and the government's economic stimulus measures.</li><li>Therefore, we maintain our Trading Buy recommendation if the SET Index moves within the range of 1,393-1,455 points.</li></ul>

Technically, the SET Index is expected to move in a sideways-down trend, with the support at 1,432/1,424 points and the resistance at 1,447 points and 1,454 points (10-day EMA).Thailand's economy is expected to continue improving YoY in 4Q24E owing to the low base and the government's economic stimulus measures.Therefore, we maintain our Trading Buy recommendation if the SET Index moves within the range of 1,393-1,455 points.

<ul><li>Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance at 1,460/1,464 points and the support at 1,448/1,440 points.</li><li>This is expected to create positive sentiment for the first trading day of the Chinese stock market today after the long holiday.</li><li>Investment strategy: We recommend GLOBAL, HMPRO and BCP.</li></ul>

Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance at 1,460/1,464 points and the support at 1,448/1,440 points.This is expected to create positive sentiment for the first trading day of the Chinese stock market today after the long holiday.Investment strategy: We recommend GLOBAL, HMPRO and BCP.

Monitor the Direction of the Chinese Stock Market After the Long Holiday

<ul><li>Technically, the SET Index is expected to move in a pattern of decline, alternating with rebounds, with the support at 1,440/1,432 points and the resistance at 1,448 points (10-day EMA)/1,455 points.</li><li>We recommend speculative buying at the support level (especially below 1,434 points).</li><li>This week, we add CPF to the portfolio, replacing CENTEL, which has provided a return of +6.7% since our buy recommendation.</li></ul>

Technically, the SET Index is expected to move in a pattern of decline, alternating with rebounds, with the support at 1,440/1,432 points and the resistance at 1,448 points (10-day EMA)/1,455 points.We recommend speculative buying at the support level (especially below 1,434 points).This week, we add CPF to the portfolio, replacing CENTEL, which has provided a return of +6.7% since our buy recommendation.

Weekly Strategy: The SET Index Remains in a Short-Term Correction; We Recommend Waiting to Buy Below 1,434 Points

Thailand

VGI Public Company Limited is a Thailand-based company that provides offline-to-online (O2O) marketing solutions across three core segments: Advertising, Digital Services, and Distribution. It offers a diverse range of advertising media, including transit and office building advertising, alongside digital payment services through Rabbit Group. The company is headquartered in Bangkok, Thailand, and was founded in 1995.

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VGI (VGI-R TB)

MSCI Rebalancing to Impact Closing Prices Today & Weekly Strategy

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points...

Krungthai XSpring

TH 3Q24 GDP Growth & Weekly Strategy

Technically, the SET Index is expected to move in a sideways-down trend, with the support at 1,432/1,424 points and the resistance at 1,447 points...

Krungthai XSpring

SET100 Tactical Picks

Krungthai XSpring

Monitor the Direction of the Chinese Stock Market After the Long Holiday

Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance at 1,460/1,464 points and the support at 1,448/1,440...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

MSCI Rebalancing to Impact Closing Prices Today & Weekly Strategy

Technically, the SET Index is expected to move sideways, with the support at 1,436/1,432 points and the resistance at 1,451/1,455 points...

Krungthai XSpring

TH 3Q24 GDP Growth & Weekly Strategy

Technically, the SET Index is expected to move in a sideways-down trend, with the support at 1,432/1,424 points and the resistance at 1,447 points...

Krungthai XSpring

SET100 Tactical Picks

Krungthai XSpring

Monitor the Direction of the Chinese Stock Market After the Long Holiday

Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance at 1,460/1,464 points and the support at 1,448/1,440...

Krungthai XSpring

Weekly Strategy: The SET Index Remains in a Short-Term Correction; We Recommend Waiting to Buy Below 1,434 Points

Technically, the SET Index is expected to move in a pattern of decline, alternating with rebounds, with the support at 1,440/1,432 points and the...

Krungthai XSpring