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, 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 weaken, 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 suggest trading buy on ASIAN, TFG and JMART.</li><li>Negative momentum will be generated from China's lockdown of a major city where the production bases of chips and autos are located.</li></ul>

The SET Index is expected to weaken, 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 suggest trading buy on ASIAN, TFG and JMART.Negative momentum will be generated from China's lockdown of a major city where the production bases of chips and autos are located.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,650/1,658 points and the support at 1,630/1,615 points (10/25-day EMA).</li><li>We recommend trading buy on CRC, TFG and BDMS.</li><li>Technically, the index may swing in the range of 1,620 points (200-day EMA) before a clear direction becomes apparent, but the uptrend momentum will be maintained if it manages to close above 1,620 points.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,650/1,658 points and the support at 1,630/1,615 points (10/25-day EMA).We recommend trading buy on CRC, TFG and BDMS.Technically, the index may swing in the range of 1,620 points (200-day EMA) before a clear direction becomes apparent, but the uptrend momentum will be maintained if it manages to close above 1,620 points.

<ul><li>The SET Index is expected to weaken, with the resistance at 1,650/1,666 points and the support at 1,630/1,613 points (10-day and 200-day EMA).</li><li>We recommend trading buy on BDMS, AOT and ADVANC.</li><li>Negative momentum will be generated by the sharp falls of greater than 3% in US markets after the Fed chairman signaled further rate hikes to bring down inflation at the Jackson Hole Economic Policy Symposium, increasing the risk of an economic slowdown.</li></ul>

The SET Index is expected to weaken, with the resistance at 1,650/1,666 points and the support at 1,630/1,613 points (10-day and 200-day EMA).We recommend trading buy on BDMS, AOT and ADVANC.Negative momentum will be generated by the sharp falls of greater than 3% in US markets after the Fed chairman signaled further rate hikes to bring down inflation at the Jackson Hole Economic Policy Symposium, increasing the risk of an economic slowdown.

<ul><li>We recommend selling JMART and BEM (with the returns at -2.94% and 0.00%, respectively) and buying KKP instead.</li><li>KKP's earnings are expected to continue growing in 2H22E, driven by ongoing expansion of its hire purchase loans; meanwhile, its capital market business should remain bright after daily turnover returned to exceed Bt60bn thanks to foreign fund inflows, as reflected by the baht turning to appreciate.</li></ul>

We recommend selling JMART and BEM (with the returns at -2.94% and 0.00%, respectively) and buying KKP instead.KKP's earnings are expected to continue growing in 2H22E, driven by ongoing expansion of its hire purchase loans; meanwhile, its capital market business should remain bright after daily turnover returned to exceed Bt60bn thanks to foreign fund inflows, as reflected by the baht turning to appreciate.

United Kingdom

Beowulf Mining is a UK-registered exploration and development company focused on multi-commodity mineral projects across Sweden, Finland, and Kosovo. The company's primary activities involve the exploration and development of iron ore, graphite, gold, and other base metals, with key projects including the Kallak Iron Ore Project in Sweden and graphite assets in Finland. Beowulf Mining was founded in 1988 and is headquartered in London, England.

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Beowulf Mining (BEM LN)

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 weaken, 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 and Recommendations

The SET Index is expected to move sideways, with the resistance at 1,650/1,658 points and the support at 1,630/1,615 points (10/25-day EMA). We...

Krungthai XSpring

DOHOME I Outperform I TP Bt18.25

The SET Index is expected to weaken, with the resistance at 1,650/1,666 points and the support at 1,630/1,613 points (10-day and 200-day EMA). We...

Krungthai XSpring

Big Cap Tactical Picks

We recommend selling JMART and BEM (with the returns at -2.94% and 0.00%, respectively) and buying KKP instead. KKP's earnings are expected to...

Krungthai XSpring

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