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>Technically, the SET Index is expected to move sideways down, with the support at 1,365 points and 1,360 points (1/2 of the Fibonacci range of 1,325-1,404 points) and the resistance at 1,375/1,380 points (50-day EMA/75-day EMA).</li><li>We recommend stocks with positive news stories: NER, MASTER and SVI.</li><li>The SET Index closed negative for the third straight day, with trading volume of Bt46.2bn.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,365 points and 1,360 points (1/2 of the Fibonacci range of 1,325-1,404 points) and the resistance at 1,375/1,380 points (50-day EMA/75-day EMA).We recommend stocks with positive news stories: NER, MASTER and SVI.The SET Index closed negative for the third straight day, with trading volume of Bt46.2bn.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.</li><li>We recommend trading buy on BANPU, CPALL and SC.</li><li>Today's momentum is slightly negative due to concerns over China's new lockdowns in Beijing to contain COVID-19.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.We recommend trading buy on BANPU, CPALL and SC.Today's momentum is slightly negative due to concerns over China's new lockdowns in Beijing to contain COVID-19.

Recommendation: Buy on Weakness, Sell on Strength

Blue Sky Alternative Investments / Equity Bottom-Up

Blue Sky Alternative Investments (BLA AU)

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,595/1,606 points and the support at 1,580/1,576 points.</li><li>We recommend trading buy on SAPPE, M and TRUE.</li><li>Negative momentum may be generated by the instability in global financial markets, pressured by higher bond yields and the appreciation of the USD in response to US inflation not falling to the Fed's desired level.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,595/1,606 points and the support at 1,580/1,576 points.We recommend trading buy on SAPPE, M and TRUE.Negative momentum may be generated by the instability in global financial markets, pressured by higher bond yields and the appreciation of the USD in response to US inflation not falling to the Fed's desired level.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,640/1,650 points and the support at 1,623 points (50-day EMA)/1,618 points (200-day EMA).</li><li>We recommend trading buy on KBANK, BEM and AGE.</li><li>Negative momentum may be generated by investors shifting to hold safe-haven assets due to concerns over an economic recession in major countries in the next 6-12 months.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,640/1,650 points and the support at 1,623 points (50-day EMA)/1,618 points (200-day EMA).We recommend trading buy on KBANK, BEM and AGE.Negative momentum may be generated by investors shifting to hold safe-haven assets due to concerns over an economic recession in major countries in the next 6-12 months.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,650/1,666 points and the support at 1,631 points (10-day EMA)/1,620 points (25-day EMA).</li><li>We recommend trading buy on COM7, SPVI and BDMS.</li><li>Technically, the index seems to have remained in an uptrend, with continued increases in the low and high points each day; there will be more buy signs if it surpasses the previous resistance at 1,650 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,650/1,666 points and the support at 1,631 points (10-day EMA)/1,620 points (25-day EMA).We recommend trading buy on COM7, SPVI and BDMS.Technically, the index seems to have remained in an uptrend, with continued increases in the low and high points each day; there will be more buy signs if it surpasses the previous resistance at 1,650 points.

Thailand

Chewathai Public Company Limited is a Thailand-based real estate developer focusing on residential properties in middle to high-income segments, including high-rise and low-rise condominiums, houses, townhomes, and commercial shophouses. The company also develops and rents ready-built factories. Chewathai Public Company Limited was incorporated in 2008 and is headquartered in Bangkok, Thailand.

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Chewathai (CHEWA TB)

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways down, with the support at 1,365 points and 1,360 points (1/2 of the Fibonacci range of...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points. We...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,595/1,606 points and the support at 1,580/1,576 points. We recommend...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,640/1,650 points and the support at 1,623 points (50-day EMA)/1,618...

Krungthai XSpring

Market Outlook and Recommendations

The SET Index is expected to move sideways up, with the resistance at 1,650/1,666 points and the support at 1,631 points (10-day EMA)/1,620 points...

Krungthai XSpring

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