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.

Technical Analysis

<ul><li>The SET outperformed other Asian bourses despite the baht's depreciation, with foreign investors selling for the third consecutive day.</li><li>The index rapidly recovered to 1,370 points, with buying momentum across multiple sectors, suggesting the potential to reach the 200-day EMA at 1,372 points or the target resistance at 1,380 points.</li><li>Therefore, we recommend buying on weakness and selling on strength.</li></ul>

The SET outperformed other Asian bourses despite the baht's depreciation, with foreign investors selling for the third consecutive day.The index rapidly recovered to 1,370 points, with buying momentum across multiple sectors, suggesting the potential to reach the 200-day EMA at 1,372 points or the target resistance at 1,380 points.Therefore, we recommend buying on weakness and selling on strength.

Recommendation: Buy On Weakness, Sell On Strength

<ul><li>Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.</li><li>The delisting of stocks from the MSCI indices is expected to have a negative impact.</li><li>We recommend stocks with positive factors: SAWAD, SISB and MC.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at 1,366/1,372 points (200-day EMA), in response to the MSCI Quarterly Review.The delisting of stocks from the MSCI indices is expected to have a negative impact.We recommend stocks with positive factors: SAWAD, SISB and MC.

MSCI Quarterly Review to Impact Closing Prices Today

Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,295/1,303 points (10-day and 25-day EMAs) and the support at 1,281/1,274 points.</li><li>The market anticipates that Ms. Pinthongtarn Shinawatra, a representative of the Pheu Thai Party, will be nominated as Thailand's 31st prime minister.</li><li>We recommend stocks with positive factors: BBGI, SIRI and BGRIM.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,295/1,303 points (10-day and 25-day EMAs) and the support at 1,281/1,274 points.The market anticipates that Ms. Pinthongtarn Shinawatra, a representative of the Pheu Thai Party, will be nominated as Thailand's 31st prime minister.We recommend stocks with positive factors: BBGI, SIRI and BGRIM.

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,292/1,286 points and the resistance at 1,309/1,317 points.</li><li>In the short term, the index has shown a downtrend signal after it fell below the key support of 1,317 points yesterday for the first time in nine trading days.</li><li>We maintain our Buy recommendation; investors are suggested to speculate when a new buying signal occurs.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,292/1,286 points and the resistance at 1,309/1,317 points.In the short term, the index has shown a downtrend signal after it fell below the key support of 1,317 points yesterday for the first time in nine trading days.We maintain our Buy recommendation; investors are suggested to speculate when a new buying signal occurs.

Keep a Close Watch on Flash Manufacturing and Services PMIs in July for the US and EU

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,375/1,381 points (10-day and 25-day EMA) and the support at 1,362/1,357 points.</li><li>We anticipate the chairman to reiterate a cautious approach towards cutting the fed funds rate, given the lingering risk of persistent inflation.</li><li>The ECB is anticipated to maintain the policy interest rate for the fourth consecutive time at 4.5%.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,375/1,381 points (10-day and 25-day EMA) and the support at 1,362/1,357 points.We anticipate the chairman to reiterate a cautious approach towards cutting the fed funds rate, given the lingering risk of persistent inflation.The ECB is anticipated to maintain the policy interest rate for the fourth consecutive time at 4.5%.

Thailand

BBGI Public Company Limited is a Thailand-based holding company primarily involved in the production and distribution of bio-based products, including biofuels like ethanol and biodiesel, and high-value bio-based products for health and well-being. The company focuses on sustainable energy solutions and utilizes advanced biotechnology. Headquartered in Bangkok, Thailand, BBGI Public Company Limited was founded in 2018.

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BBGI (BBGI-R TB)

Recommendation: Buy On Weakness, Sell On Strength

The SET outperformed other Asian bourses despite the baht's depreciation, with foreign investors selling for the third consecutive day. The index...

Krungthai XSpring

MSCI Quarterly Review to Impact Closing Prices Today

Technically, the SET Index is expected to move sideways down, with the support at 1,350/1,345 points (10-day EMA) and the resistance at...

Krungthai XSpring

Wait to See the New Thai PM

Technically, the SET Index is expected to move sideways up, with the resistance at 1,295/1,303 points (10-day and 25-day EMAs) and the support at...

Krungthai XSpring

Keep a Close Watch on Flash Manufacturing and Services PMIs in July for the US and EU

Technically, the SET Index is expected to weaken, with the support at 1,292/1,286 points and the resistance at 1,309/1,317 points. In the short...

Krungthai XSpring

Keep a Close Watch on the ECB Meeting

Technically, the SET Index is expected to move sideways up, with the resistance at 1,375/1,381 points (10-day and 25-day EMA) and the support at...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

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