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.

Thematic (Sector/Industry)

<ul><li>Asian bourses rebounded on the decrease in US bond yields, but the SET only climbed up limitedly before dropping sharply in the afternoon and briefly sank below 1,350 points as selling pressure targeted large cap stocks, such as energy, petrol and ICT shares.</li><li>However, the index was able to recover quickly to stay above 1,360 points, even though foreign investors kept selling.</li><li>The index initially saw a slight increase but then experienced a rapid and significant decline, indicating strong selling pressure.</li></ul>

Asian bourses rebounded on the decrease in US bond yields, but the SET only climbed up limitedly before dropping sharply in the afternoon and briefly sank below 1,350 points as selling pressure targeted large cap stocks, such as energy, petrol and ICT shares.However, the index was able to recover quickly to stay above 1,360 points, even though foreign investors kept selling.The index initially saw a slight increase but then experienced a rapid and significant decline, indicating strong selling pressure.

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stock remains, nine stocks added to our portfolio</li>
<li>Since its inception, it has generated a before-fee total return of 188% versus the MSCI Asia ex Japan of 68%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Five stock remains, nine stocks added to our portfolio
Since its inception, it has generated a before-fee total return of 188% versus the MSCI Asia ex Japan of 68%


<ul><li>Technically, the SET Index is expected to move lower, with the support at 1,391/1,385 points (75-day EMA/50-day EMA) and the resistance at 1,410/1,416 points.</li><li>For the overall picture, the index is still in an uptrend pattern, testing the upchannel resistance at around 1,348-1,432 points.</li><li>In the short term, the index is beginning to show signs of a correction after rising sharply by nearly 40 points in the previous three trading days.</li></ul>

Technically, the SET Index is expected to move lower, with the support at 1,391/1,385 points (75-day EMA/50-day EMA) and the resistance at 1,410/1,416 points.For the overall picture, the index is still in an uptrend pattern, testing the upchannel resistance at around 1,348-1,432 points.In the short term, the index is beginning to show signs of a correction after rising sharply by nearly 40 points in the previous three trading days.

<ul><li>The SET fell in line with Asian bourses as a selling force continued to target large cap shares, causing the index to hit a 39-month low.</li><li>However, it subsequently improved slightly after the market shifted its focus to small to medium cap stocks, alongside expectations for an interest rate cut by the MPC due to the continued contraction of Thai inflation.</li><li>Despite the index experiencing a further decline, a doji signal emerged at the support area, mitigating the negative signal from the preceding black candlestick.</li></ul>

The SET fell in line with Asian bourses as a selling force continued to target large cap shares, causing the index to hit a 39-month low.However, it subsequently improved slightly after the market shifted its focus to small to medium cap stocks, alongside expectations for an interest rate cut by the MPC due to the continued contraction of Thai inflation.Despite the index experiencing a further decline, a doji signal emerged at the support area, mitigating the negative signal from the preceding black candlestick.

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/comfortdelgro-corp-ltd" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">Comfortdelgro Corp (CD SP)</a> share price has underperformed its tourism related transport operator peers.</li>
<li>Key drivers are still strong, including the expected influx of Chinese tourists from visa-free travel arrangements.</li>
<li>Valuation is still compelling, and it is not too late to own it.</li>
</ul>



Comfortdelgro Corp (CD SP) share price has underperformed its tourism related transport operator peers.
Key drivers are still strong, including the expected influx of Chinese tourists from visa-free travel arrangements.
Valuation is still compelling, and it is not too late to own it.


Comfortdelgro (CD): March on Chinese Tourists

Thailand

Airports of Thailand Public Company Ltd. operates the Bangkok International Airport (Don Muang) and the New Bangkok International Airport (Suvarnabhumi).. The Company also operates provincial airports in Chiang Mai, Chiang Rai, Hat Yai, and Phuket.

Price Gauge
52-week Range	0.00 - 0.00
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Airports of Thailand (AOT TB)

Technical Analysis - APRIL 19, 2024

Asian bourses rebounded on the decrease in US bond yields, but the SET only climbed up limitedly before dropping sharply in the afternoon and...

Krungthai XSpring

The Stocks to Own in Asia – Vol. 44

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stock remains, nine stocks added...

A. Stotz Investment Research

KTX Zoom - APRIL 17, 2024

Technically, the SET Index is expected to move lower, with the support at 1,391/1,385 points (75-day EMA/50-day EMA) and the resistance at 1,410...

Krungthai XSpring

Technical Analysis - MARCH 6, 2024

The SET fell in line with Asian bourses as a selling force continued to target large cap shares, causing the index to hit a 39-month low.

Krungthai XSpring

Comfortdelgro (CD): March on Chinese Tourists

Comfortdelgro Corp's share price lags behind tourism transport peers despite strong drivers like Chinese tourist influx and compelling valuation.

Henry Soediarko

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Technical Analysis - APRIL 19, 2024

Asian bourses rebounded on the decrease in US bond yields, but the SET only climbed up limitedly before dropping sharply in the afternoon and...

Krungthai XSpring

The Stocks to Own in Asia – Vol. 44

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stock remains, nine stocks added...

A. Stotz Investment Research

KTX Zoom - APRIL 17, 2024

Technically, the SET Index is expected to move lower, with the support at 1,391/1,385 points (75-day EMA/50-day EMA) and the resistance at 1,410...

Krungthai XSpring

Technical Analysis - MARCH 6, 2024

The SET fell in line with Asian bourses as a selling force continued to target large cap shares, causing the index to hit a 39-month low.

Krungthai XSpring

Comfortdelgro (CD): March on Chinese Tourists

​Comfortdelgro Corp's share price lags behind tourism transport peers despite strong drivers like Chinese tourist influx and compelling valuation.

Henry Soediarko

Comfortdelgro Corp's share price lags behind tourism transport peers despite strong drivers like Chinese tourist influx and compelling valuation.