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 1,630/1,635 points and the support at 1,611 (50-week EMA)/1,600 points.</li><li>Technically, the SET may continue to fluctuate until breaking out from the current trading range, at which point its direction will be determined.</li><li>Today's momentum is slightly positive due to the buybacks of risk assets after the Fed signaled a slower pace for rate hikes.</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.Technically, the SET may continue to fluctuate until breaking out from the current trading range, at which point its direction will be determined.Today's momentum is slightly positive due to the buybacks of risk assets after the Fed signaled a slower pace for rate hikes.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641 points.</li><li>We recommend trading buy on TIDLOR, CENTEL and KAMART.</li><li>Technically, the index may remain on an uptrend after it was able to surpass the 10-day EMA at 1,647 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641 points.We recommend trading buy on TIDLOR, CENTEL and KAMART.Technically, the index may remain on an uptrend after it was able to surpass the 10-day EMA at 1,647 points.

<ul><li>The SET Index is expected to weaken, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points (50-day EMA).</li><li>We suggest trading buy on ASIAN, TFG and JMART.</li><li>Negative momentum will be generated from China's lockdown of a major city where the production bases of chips and autos are located.</li></ul>

The SET Index is expected to weaken, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points (50-day EMA).We suggest trading buy on ASIAN, TFG and JMART.Negative momentum will be generated from China's lockdown of a major city where the production bases of chips and autos are located.

<ul><li>We recommend selling THANI, as the return has fallen to our threshold for stopping losses.</li><li>Yesterday, our Big Cap portfolio generated a return of -0.83% vs. the SET Index's return of -1.18%.</li><li>The share prices of reopening plays increased (CENTEL at +1.75% and CPN at +0.36%), as did those of domestic plays (JMART at +1.44% and JMT at +0.64%), on the back of the recovery in the tourism and consumption sectors.</li></ul>

We recommend selling THANI, as the return has fallen to our threshold for stopping losses.Yesterday, our Big Cap portfolio generated a return of -0.83% vs. the SET Index's return of -1.18%.The share prices of reopening plays increased (CENTEL at +1.75% and CPN at +0.36%), as did those of domestic plays (JMART at +1.44% and JMT at +0.64%), on the back of the recovery in the tourism and consumption sectors.

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,650/1,666 points and the support at 1,627/1,613 points.</li><li>We recommend trading buy on SABUY, PTG and CPN.</li><li>Technically, there is a signal for a further increase in the index, with the next target at 1,666 points, after it hit a higher high yesterday; the loss-stopping point would be at 1,627 points (10-day EMA).</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,650/1,666 points and the support at 1,627/1,613 points.We recommend trading buy on SABUY, PTG and CPN.Technically, there is a signal for a further increase in the index, with the next target at 1,666 points, after it hit a higher high yesterday; the loss-stopping point would be at 1,627 points (10-day EMA).

Technical Analysis: Recommendation: Selective Speculation

Thailand

Dusit Thani Public Company Limited, branded as Dusit International, is a Thai multinational hospitality company. It operates hotels and resorts, provides hospitality education, and engages in food and real estate development. The company is headquartered in Bangkok, Thailand, and was founded in 1948.

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Dusit Thani (DUSIT TB)

Market Outlook

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...

Krungthai XSpring

Recommendation: Selective Speculation

The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641...

Krungthai XSpring

Market Outlook

The SET Index is expected to weaken, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points...

Krungthai XSpring

Big Cap Tactical Picks

We recommend selling THANI, as the return has fallen to our threshold for stopping losses. Yesterday, our Big Cap portfolio generated a return of...

Krungthai XSpring

Technical Analysis: Recommendation: Selective Speculation

The SET Index is expected to move sideways, with the resistance at 1,650/1,666 points and the support at 1,627/1,613 points. We recommend trading...

Krungthai XSpring

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