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>Recent meetings of major global central banks have revealed differing policy directions.</li><li>While the ECB decided to cut the policy interest rate for the first time in five years to mitigate economic slowdown pressures, the Fed maintained its strict tightening monetary policy to keep inflation within the target range.</li><li>These divergent policies have triggered short-term fund inflows toward the US. We recommend a trading buy on the SET and suggest CK, BEM and CPALL, which are benefitting from economic stimulus measures, including the acceleration of budget disbursement and the Digital Wallet project. </li></ul>

Recent meetings of major global central banks have revealed differing policy directions.While the ECB decided to cut the policy interest rate for the first time in five years to mitigate economic slowdown pressures, the Fed maintained its strict tightening monetary policy to keep inflation within the target range.These divergent policies have triggered short-term fund inflows toward the US. We recommend a trading buy on the SET and suggest CK, BEM and CPALL, which are benefitting from economic stimulus measures, including the acceleration of budget disbursement and the Digital Wallet project. 

Economic Update: Central Banks >>> FED & ECB

<ul><li>Bank of America’s Global Fund Manager Survey for March maintained a bullish stance on equity investment, with a consistent increase in the weighting for the fifth consecutive month, now standing at 28% overweight (OW), compared to 21% OW in February and 9% OW in January.</li><li>There has been a notable shift toward allocating more investment to equities in the EU, global emerging markets (GEM) and Japan, leading to a reduction in the weighting on US equities to 8% OW from 21% OW.</li><li>This shift is underpinned by the belief that the global economy is poised to surpass projections. </li></ul>

Bank of America’s Global Fund Manager Survey for March maintained a bullish stance on equity investment, with a consistent increase in the weighting for the fifth consecutive month, now standing at 28% overweight (OW), compared to 21% OW in February and 9% OW in January.There has been a notable shift toward allocating more investment to equities in the EU, global emerging markets (GEM) and Japan, leading to a reduction in the weighting on US equities to 8% OW from 21% OW.This shift is underpinned by the belief that the global economy is poised to surpass projections. 

Special Report: FMS Still Favors Equities but More Diversified

Thailand

Ch. Karnchang Public Company Limited provides construction services to public and private sectors including construction of expressways, public utilities, and industrial plants. Through it subsidiaries, the Company distributes construction materials.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ch. Karnchang Public (CK TB)

Economic Update: Central Banks >>> FED & ECB

While the ECB decided to cut the policy interest rate for the first time in five years to mitigate economic slowdown pressures, the Fed maintained...

Krungthai XSpring

Special Report: FMS Still Favors Equities but More Diversified

Bank of America’s Global Fund Manager Survey for March maintained a bullish stance on equity investment, with a consistent increase in the...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)