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

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>Technically, the SET Index is expected to move sideways, with the support levels at 1,180/1,175 points and the resistance at 1,195/1,203 (25-day EMA) points.</li><li>In the medium term, the index remains in a downtrend, forming a zig-zag down pattern as it searches for the bottom, with the broader range seen between 1,100-1,506 points.</li><li>In the short term, it has been trading within a narrow range of 1,180-1,195 points over the past five trading days, awaiting a breakout to determine the next direction: i) a return to the downtrend to retest the previous low of 1,157.96 points, or ii) a sideways move followed by an upside breakout to test the 25-day EMA resistance at 1,203 points. </li></ul>

Technically, the SET Index is expected to move sideways, with the support levels at 1,180/1,175 points and the resistance at 1,195/1,203 (25-day EMA) points.In the medium term, the index remains in a downtrend, forming a zig-zag down pattern as it searches for the bottom, with the broader range seen between 1,100-1,506 points.In the short term, it has been trading within a narrow range of 1,180-1,195 points over the past five trading days, awaiting a breakout to determine the next direction: i) a return to the downtrend to retest the previous low of 1,157.96 points, or ii) a sideways move followed by an upside breakout to test the 25-day EMA resistance at 1,203 points. 

KTX Zoom - Expiration of Derivatives Contracts & US PCE/Core PCE in February