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

Equity Bottom-Up

PTT Exploration & Production / Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways, with the support at 1,675/1,670 points and the resistance at 1,690/1,700 points.</li><li>Tactically, we recommend trading buy on laggard plays, of which foreign holdings have either not increased much or declined since 4Q22, such as those in the energy and finance sectors.</li><li>The decline in Thai bond yields has widened the earnings yield gap from 3.9% last week to 4.0%.</li></ul>

The SET Index is expected to move sideways, with the support at 1,675/1,670 points and the resistance at 1,690/1,700 points.Tactically, we recommend trading buy on laggard plays, of which foreign holdings have either not increased much or declined since 4Q22, such as those in the energy and finance sectors.The decline in Thai bond yields has widened the earnings yield gap from 3.9% last week to 4.0%.

Packaging Corporation of America (PKG US)

PTT Exploration & Production

Market Outlook