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.

Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points.</li><li>We recommend trading buy on TRUE, BBL and GULF.</li><li>Negative momentum may be generated by concerns that foreign investors will remain net sellers as they seek to reduce FX risk caused by baht depreciation, while some may want to lock in profit for window dressing.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points.We recommend trading buy on TRUE, BBL and GULF.Negative momentum may be generated by concerns that foreign investors will remain net sellers as they seek to reduce FX risk caused by baht depreciation, while some may want to lock in profit for window dressing.

Recommendation: Buy on Weakness, Sell on Strength

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628 points.</li><li>Technically, the index may fall after it dropped below the support at 1,646 points (10-day EMA) yesterday.</li><li>Negative momentum may be generated by concerns over the possibility of aggressive Fed rate hikes to bring down inflation, which may prompt investors to slow down their investment in equities.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628 points.Technically, the index may fall after it dropped below the support at 1,646 points (10-day EMA) yesterday.Negative momentum may be generated by concerns over the possibility of aggressive Fed rate hikes to bring down inflation, which may prompt investors to slow down their investment in equities.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 points (25-day EMA).</li><li>We recommend trading buy on ASIAN, TTB and COM7.</li><li>The market should be poised for gains, as the negative news about the Fed's intention to expedite interest rate hikes to bring down inflation has been absorbed.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 points (25-day EMA).We recommend trading buy on ASIAN, TTB and COM7.The market should be poised for gains, as the negative news about the Fed's intention to expedite interest rate hikes to bring down inflation has been absorbed.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points (50-day EMA).</li><li>We recommend trading buy on BANPU, SPVI and ERW.</li><li>Technically, the index is expected to rebound after it bounced up from the major support at 1,614 points (20-day EMA).</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points (50-day EMA).We recommend trading buy on BANPU, SPVI and ERW.Technically, the index is expected to rebound after it bounced up from the major support at 1,614 points (20-day EMA).

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,642/1,650 points and the support at 1,621/1,612 points.</li><li>We recommend trading buy on KBANK, BDMS and TFG.</li><li>Technically, yesterday's rebound has created positive momentum, indicating that the index may move up to test the resistance at 1,650 points, with the stop-loss point at 1,612 points (20-day EMA).</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,642/1,650 points and the support at 1,621/1,612 points.We recommend trading buy on KBANK, BDMS and TFG.Technically, yesterday's rebound has created positive momentum, indicating that the index may move up to test the resistance at 1,650 points, with the stop-loss point at 1,612 points (20-day EMA).

Thailand

Banpu Public Company Limited is a versatile energy provider operating in three core business segments: energy resources (coal and gas), energy generation (thermal and renewable power plants), and energy technology (total solar energy solutions, energy storage, electric vehicles, and energy management systems). The company operates in 10 countries across Asia-Pacific and the United States. Banpu was founded on May 16, 1983, and is headquartered in Bangkok, Thailand.

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Banpu (BANPU-R TB)

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to move sideways down, with the resistance at 1,630/1,642 points and the support at 1,610/1,600 points. We recommend...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 points...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,642/1,650 points and the support at 1,621/1,612 points. We recommend...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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