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 1,631/1,649 points and the support at 1,612 points (200-day EMA)/1,607 points (50-day EMA).</li><li>We recommend trading buy on CENTEL, THCOM and AP.</li><li>Today's momentum is slightly positive due to the possibility of a weaker USD if the Democrats lose the midterm election in the US.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,612 points (200-day EMA)/1,607 points (50-day EMA).We recommend trading buy on CENTEL, THCOM and AP.Today's momentum is slightly positive due to the possibility of a weaker USD if the Democrats lose the midterm election in the US.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,612/1,620 points and the support at 1,595/1,588 points.</li><li>Overall, the investment momentum is negative due to concerns over earnings results and Fed rate hikes.</li><li>We expect the index to move sideways or sideways up and recommend selective speculation, with the focus on medium to large cap stocks.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,612/1,620 points and the support at 1,595/1,588 points.Overall, the investment momentum is negative due to concerns over earnings results and Fed rate hikes.We expect the index to move sideways or sideways up and recommend selective speculation, with the focus on medium to large cap stocks.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,604/1,612 points and the support at 1,588/1,580 points.</li><li>The market momentum has turned negative due to concerns over corporate earnings and interest rate hikes by global central banks.</li><li>We expect the index to bounce back up and recommend selective speculation, with the focus on medium to large cap stocks.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,604/1,612 points and the support at 1,588/1,580 points.The market momentum has turned negative due to concerns over corporate earnings and interest rate hikes by global central banks.We expect the index to bounce back up and recommend selective speculation, with the focus on medium to large cap stocks.

Market Outlook and Recommendation: Selective Speculation

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,606/1,614 points (75/200-day EMA) and the support at 1,592/1,588 points.</li><li>We recommend trading buy on AH, NEX and LH.</li><li>Investors have reduced expectations for an interest rate hike of 0.75% by the Fed in December after Fed officials expressed concerns over the adverse impacts of higher rates.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,606/1,614 points (75/200-day EMA) and the support at 1,592/1,588 points.We recommend trading buy on AH, NEX and LH.Investors have reduced expectations for an interest rate hike of 0.75% by the Fed in December after Fed officials expressed concerns over the adverse impacts of higher rates.

Krungthai XSpring Zoom Eng. October 26, 2022

<ul><li>We have added CK to the portfolio after the consensus revised up its earnings by 6.68% in the last four weeks to Bt1,094mn, up 20.88% YoY.</li><li>The upward revision came on the back of the uptrend in the construction services business, which has pushed the company's backlog above Bt150bn, including BEM's Orange Line project, along with the earnings growth of subsidiaries, namely BEM and CKP.</li></ul>

We have added CK to the portfolio after the consensus revised up its earnings by 6.68% in the last four weeks to Bt1,094mn, up 20.88% YoY.The upward revision came on the back of the uptrend in the construction services business, which has pushed the company's backlog above Bt150bn, including BEM's Orange Line project, along with the earnings growth of subsidiaries, namely BEM and CKP.

South Korea

CK Solution Co.,Ltd. provides electric vehicle battery solutions. The Company produces and sells dry room system, clean room system, and other products. CK Solution markets its products worldwide.

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CK Solution (480370 KS)

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,631/1,649 points and the support at 1,612 points (200-day EMA)/1,607 points...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,612/1,620 points and the support at 1,595/1,588 points. Overall, the...

Krungthai XSpring

Market Outlook and Recommendation: Selective Speculation

The SET Index is expected to move sideways down, with the resistance at 1,604/1,612 points and the support at 1,588/1,580 points. The market...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 26, 2022

The SET Index is expected to move sideways up, with the resistance at 1,606/1,614 points (75/200-day EMA) and the support at 1,592/1,588...

Krungthai XSpring

Big Cap Tactical Picks

We have added CK to the portfolio after the consensus revised up its earnings by 6.68% in the last four weeks to Bt1,094mn, up 20.88% YoY. The...

Krungthai XSpring

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