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 gain, with the resistance at 1,630/1,640 points and the support at 1,611/1,605 points.</li><li>We recommend trading buy on KBANK, MINT and ERW.</li><li>Technically, the index remains in an uptrend, with the key resistance at 1,650 points and 1,680 points, respectively.</li></ul>

The SET Index is expected to gain, with the resistance at 1,630/1,640 points and the support at 1,611/1,605 points.We recommend trading buy on KBANK, MINT and ERW.Technically, the index remains in an uptrend, with the key resistance at 1,650 points and 1,680 points, respectively.

<ul><li>The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points.</li><li>Positive momentum is being generated by the continued buying by foreign investors on the expectation for a steady recovery of the Thai economy thanks to the anticipated increase in the number of tourist arrivals to 9-10mn in 2022E.</li><li>The MPC today is expected to hike its policy interest rate by just 0.25%, a less aggressive increase than those of central banks in developed countries, after inflation in July fell from 7.66% YoY to 7.61% YoY.</li></ul>

The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points.Positive momentum is being generated by the continued buying by foreign investors on the expectation for a steady recovery of the Thai economy thanks to the anticipated increase in the number of tourist arrivals to 9-10mn in 2022E.The MPC today is expected to hike its policy interest rate by just 0.25%, a less aggressive increase than those of central banks in developed countries, after inflation in July fell from 7.66% YoY to 7.61% YoY.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

California Resources  / Technical Analysis

<ul>
<li>We are well-aware of the ESG-requirements that many institutional investors face, and today’s recommendations aim to remedy the issue.</li>
<li>We have been bullish on the Energy Sector (overweight since October 2021), and we expect Energy and Natural Resources to continue outperforming in the months and potentially year(s) ahead.</li>
<li>Both Civitas Resources (CIVI) and California Resources (CRC) are breaking out today from 5-6-month bases, within longer-term price and RS uptrends. These patterns are about as good as it gets-buy.</li>
</ul>


We are well-aware of the ESG-requirements that many institutional investors face, and today’s recommendations aim to remedy the issue.
We have been bullish on the Energy Sector (overweight since October 2021), and we expect Energy and Natural Resources to continue outperforming in the months and potentially year(s) ahead.
Both Civitas Resources (CIVI) and California Resources (CRC) are breaking out today from 5-6-month bases, within longer-term price and RS uptrends. These patterns are about as good as it gets-buy.


ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

United States

California Resources Corporation is an independent oil and natural gas company. The Company focuses on maximizing the value of land, mineral and technical resources for decarbonization by developing carbon capture and storage and other emissions reducing projects. California Resources serves customers in the State of California.

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California Resources (CRC US)

Market Outlook

The SET Index is expected to gain, with the resistance at 1,630/1,640 points and the support at 1,611/1,605 points. We recommend trading buy on...

Krungthai XSpring

Market Outlook

The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points. Positive...

Krungthai XSpring

ESG-Friendly Energy Stocks Break Out -- Buy Civitas Resources (CIVI) And California Resources (CRC)

Institutional investors often face ESG-related problems when it comes to Energy, and today’s recommendations aim to remedy the issue. We are buyers...

Vermilion Research

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