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 up, with the resistance at 1,630/1,635 points and the support at 1,611/1,600 points.</li><li>We recommend trading buy on ADVANC, CRC and OSP.</li><li>Technically, the index's direction is expected to become clearer this week, either moving up in a double-bottom pattern to 1,635/1,660 points or retreating to 1,600/1,580 points, depending on whether it surpasses or falls below the support at 1,611 points, respectively.</li></ul>

The SET Index is expected to move up, with the resistance at 1,630/1,635 points and the support at 1,611/1,600 points.We recommend trading buy on ADVANC, CRC and OSP.Technically, the index's direction is expected to become clearer this week, either moving up in a double-bottom pattern to 1,635/1,660 points or retreating to 1,600/1,580 points, depending on whether it surpasses or falls below the support at 1,611 points, respectively.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,613 points (200-day EMA)/1,607 points.</li><li>Today's investment momentum is slightly positive due to the optimism over the meeting between US President Joe Biden and Chinese President Xi Jinping.</li><li>The Republican Party has gained a majority in the House of Representatives with 218 seats, while the Democrats have won a slim majority in the Senate.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,613 points (200-day EMA)/1,607 points.Today's investment momentum is slightly positive due to the optimism over the meeting between US President Joe Biden and Chinese President Xi Jinping.The Republican Party has gained a majority in the House of Representatives with 218 seats, while the Democrats have won a slim majority in the Senate.

<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

India

Delta Corp Limited is a dominant Indian public company specializing in gaming and hospitality. The company operates offshore and land-based casinos under the Deltin Casinos & Hotels brand, primarily in Goa, Sikkim, and Nepal, offering live and electronic gaming. It also owns and manages luxury hotels and resorts in Goa and Daman. Headquartered in Mumbai, Maharashtra, India, Delta Corp was incorporated in 1990.

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Delta (DELTA IN)

Market Outlook and Technical Analysis

The SET Index is expected to move up, with the resistance at 1,630/1,635 points and the support at 1,611/1,600 points. We recommend trading buy on...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,630/1,635 points and the support at 1,613 points (200-day EMA)/1,607...

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

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52-week Range

Market Cap (USDm)

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