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.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,306/1,302 points and the resistance at 1,320/1,324 points (50-day EMA).</li><li>The Fed is expected to cut interest rates by 50 bps in September and November and another 25 bps in December, as the US economy is at risk of falling into a recession.</li><li>The aforementioned factors tend to support the SET to continue to rebound, with the short-term target at 1,375 points.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,306/1,302 points and the resistance at 1,320/1,324 points (50-day EMA).The Fed is expected to cut interest rates by 50 bps in September and November and another 25 bps in December, as the US economy is at risk of falling into a recession.The aforementioned factors tend to support the SET to continue to rebound, with the short-term target at 1,375 points.

Cal-Comp Electronics (Thailand) (CCET TB)

Global Services PMIs in July and Thai Inflation