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 down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.</li><li>Negative momentum will be generated by the selling of high-growth stocks amid increasing concern that the Fed will hike rates by 0.75% in November.</li><li>Banking stocks (i.e., KKP, BAY and TTB) have reported higher-than-expected earnings that increased both QoQ and YoY; we anticipate speculative buying on banking stocks that will announce their 3Q22 earnings today, namely KBANK and SCB.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.Negative momentum will be generated by the selling of high-growth stocks amid increasing concern that the Fed will hike rates by 0.75% in November.Banking stocks (i.e., KKP, BAY and TTB) have reported higher-than-expected earnings that increased both QoQ and YoY; we anticipate speculative buying on banking stocks that will announce their 3Q22 earnings today, namely KBANK and SCB.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jasmine-international-pcl" target="_blank" data-smartkarma-citation="entities:949:1" rel="noopener">Jasmine International (JAS TB)</a> is looking to sell its 99.8% interest in Triple T Broadband (TTTBB), and 19% stake in <a href="https://www.smartkarma.com/entities/jasmine-broadband-internet-infrastructure-fund" target="_blank" data-smartkarma-citation="entities:86:1" rel="noopener">Jasmine Broadband  (JASIF TB)</a> to <a href="https://www.smartkarma.com/entities/advanced-info-service-pcl" target="_blank" data-smartkarma-citation="entities:947:1" rel="noopener">Advanced Info Service (ADVANC TB)</a>.</li>
<li>The sale required JASIF shareholder approval, but not all resolutions were approved at an EGM this week.</li>
<li>This is a setback. However, the transaction remains on track.</li>
</ul>



Jasmine International (JAS TB) is looking to sell its 99.8% interest in Triple T Broadband (TTTBB), and 19% stake in Jasmine Broadband  (JASIF TB) to Advanced Info Service (ADVANC TB).
The sale required JASIF shareholder approval, but not all resolutions were approved at an EGM this week.
This is a setback. However, the transaction remains on track.


Jasmine International: Last Minute Wrinkle To Broadband Sale

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.</li><li>Negative momentum will be generated by the Global Fund Manager Survey in October showing that investors have continued to reduce their holdings of equities and are focusing on defensives.</li><li>We recommend buying on weakness, selling on strength, but we will reassess the index's trend if it can surpass the resistance at 1,597 points.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.Negative momentum will be generated by the Global Fund Manager Survey in October showing that investors have continued to reduce their holdings of equities and are focusing on defensives.We recommend buying on weakness, selling on strength, but we will reassess the index's trend if it can surpass the resistance at 1,597 points.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.</li><li>We recommend trading buy on GULF, HMPRO and SCB.</li><li>Positive momentum today will be generated by the better-than-expected US corporate earnings reports, which are expected to drive global equity markets in the short term.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points.We recommend trading buy on GULF, HMPRO and SCB.Positive momentum today will be generated by the better-than-expected US corporate earnings reports, which are expected to drive global equity markets in the short term.

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,569/1,579 points and the support at 1,556/1,550 points.</li><li>We recommend trading buy on BBL, WHA and ERW.</li><li>Technically, the index may rise to 1,597 points in a W-shaped double-bottom pattern if it manages to close positive today; on the other hand, there will be a new selling sign if the index falls below the support at 1,556 points.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,569/1,579 points and the support at 1,556/1,550 points.We recommend trading buy on BBL, WHA and ERW.Technically, the index may rise to 1,597 points in a W-shaped double-bottom pattern if it manages to close positive today; on the other hand, there will be a new selling sign if the index falls below the support at 1,556 points.

Thailand

Jasmine Technology Solution Public Company Limited is a Thailand-based company specializing in telecommunications, IT systems, and digital infrastructure. It offers a range of services including telecommunication system design and installation, cloud computing, computer system integration, software development, internet services, and Bitcoin mining. The company also provides generative AI solutions, IoT, FinTech, and clean energy systems. Headquartered in Nonthaburi, Thailand, the company was founded in 1995.

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Jasmine Technology Solution (JTS TB)

Market Outlook and Technical Analysis

The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points. Negative...

Krungthai XSpring

Jasmine International: Last Minute Wrinkle To Broadband Sale

JAS is selling the family jewels, and plowing the proceeds into business ventures in which they have no experience or competency. This stock...

David Blennerhassett

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points. Negative...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,597/1,604 points and the support at 1,573/1,566 points. We recommend...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,569/1,579 points and the support at 1,556/1,550 points. We recommend...

Krungthai XSpring

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