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

Bangkok Dusit Medical Services / Technical Analysis

<ul><li>Asian bourses and the SET eased following Trump's policy statement, while the baht strengthened, fueling expectations of fund inflows.</li><li>This led to gains in power plant stocks, along with increased buying activity in the finance, tourism, ICT, electronics, and hospital sectors.</li><li>As a result, the index held firm above 1,350 points, despite light trading volume.</li></ul>

Asian bourses and the SET eased following Trump's policy statement, while the baht strengthened, fueling expectations of fund inflows.This led to gains in power plant stocks, along with increased buying activity in the finance, tourism, ICT, electronics, and hospital sectors.As a result, the index held firm above 1,350 points, despite light trading volume.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,406/1,393 points and the resistance at 1,420/1,431 points.</li><li>Japanese and US equity markets will close for Thanksgiving Day (US and Japanese markets are closed on Thursday, and the former will operate with reduced hours on Friday).</li><li>We recommend speculating on commodity stocks, i.e., TOP, PTTGC and PTTEP, which may benefit from good news from the OPEC+ meeting on November 26.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,406/1,393 points and the resistance at 1,420/1,431 points.Japanese and US equity markets will close for Thanksgiving Day (US and Japanese markets are closed on Thursday, and the former will operate with reduced hours on Friday).We recommend speculating on commodity stocks, i.e., TOP, PTTGC and PTTEP, which may benefit from good news from the OPEC+ meeting on November 26.

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.

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)

Technical Analysis

Asian bourses and the SET eased following Trump's policy statement, while the baht strengthened, fueling expectations of fund inflows. This led to...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to weaken, with the support at 1,406/1,393 points and the resistance at 1,420/1,431 points. Japanese and US...

Krungthai XSpring

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

Price Gauge

52-week Range

Market Cap (USDm)

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