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 1,641/1,650 points and the support at 1,621/1,617 points (50/200-day EMA).</li><li>We recommend trading buy on PTG, BBL and CENTEL.</li><li>Technically, the index is moving in a downtrend, with a sell signal likely to occur if it falls below the major resistance at 1,617 points (200-day EMA).</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,641/1,650 points and the support at 1,621/1,617 points (50/200-day EMA).We recommend trading buy on PTG, BBL and CENTEL.Technically, the index is moving in a downtrend, with a sell signal likely to occur if it falls below the major resistance at 1,617 points (200-day EMA).

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628 points.</li><li>Technically, the index may fall after it dropped below the support at 1,646 points (10-day EMA) yesterday.</li><li>Negative momentum may be generated by concerns over the possibility of aggressive Fed rate hikes to bring down inflation, which may prompt investors to slow down their investment in equities.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628 points.Technically, the index may fall after it dropped below the support at 1,646 points (10-day EMA) yesterday.Negative momentum may be generated by concerns over the possibility of aggressive Fed rate hikes to bring down inflation, which may prompt investors to slow down their investment in equities.

<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.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,611 points (75-day EMA)/1,600 points.</li><li>OPEC+ agreed to cut output by 100kbd in October, surprising the market, which had expected an increase of 100kbd.</li><li>We expect the MPC to raise the policy interest rate further by 0.25% to 1.0% in its meeting late this month after the report of flat inflation in August at +7.86% YoY (vs. +7.61% YoY in July).</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,611 points (75-day EMA)/1,600 points.OPEC+ agreed to cut output by 100kbd in October, surprising the market, which had expected an increase of 100kbd.We expect the MPC to raise the policy interest rate further by 0.25% to 1.0% in its meeting late this month after the report of flat inflation in August at +7.86% YoY (vs. +7.61% YoY in July).

<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.

Thailand

Ditto (Thailand) PCL provides IT services. The Company offers business process outsourcing, document scanning, software development, machine rental and maintenance, and invoice processing services. Ditto also sells scanners, copiers, plotters, digital production printer equipment. Ditto serves clients in Thailand.

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Ditto Thailand PCL (DITTO TB)

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,641/1,650 points and the support at 1,621/1,617 points (50/200-day EMA). We...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628...

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

TFG I Outperform I TP Bt7.90

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,611 points (75-day EMA)/1,600...

Krungthai XSpring

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

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