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 1,604/1,612 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 increase, with the resistance at 1,578/1,585 points and the support at 1,560/1,550 points.</li><li>Technically, there is a sign indicating an uptrend after the index closed positive and formed a double-bottom pattern yesterday, with the target at 1,597 points.</li><li>Today's momentum will be determined by the reports of US corporate earnings.</li></ul>

The SET Index is expected to increase, with the resistance at 1,578/1,585 points and the support at 1,560/1,550 points.Technically, there is a sign indicating an uptrend after the index closed positive and formed a double-bottom pattern yesterday, with the target at 1,597 points.Today's momentum will be determined by the reports of US corporate earnings.

Recommendation: Buy on Weakness, Sell on Strength

<ul><li>The SET Index is expected to move sideways down, with the resistance at 1,640/1,650 points and the support at 1,623 points (50-day EMA)/1,618 points (200-day EMA).</li><li>We recommend trading buy on KBANK, BEM and AGE.</li><li>Negative momentum may be generated by investors shifting to hold safe-haven assets due to concerns over an economic recession in major countries in the next 6-12 months.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,640/1,650 points and the support at 1,623 points (50-day EMA)/1,618 points (200-day EMA).We recommend trading buy on KBANK, BEM and AGE.Negative momentum may be generated by investors shifting to hold safe-haven assets due to concerns over an economic recession in major countries in the next 6-12 months.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 points (25-day EMA).</li><li>We recommend trading buy on ASIAN, TTB and COM7.</li><li>The market should be poised for gains, as the negative news about the Fed's intention to expedite interest rate hikes to bring down inflation has been absorbed.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 points (25-day EMA).We recommend trading buy on ASIAN, TTB and COM7.The market should be poised for gains, as the negative news about the Fed's intention to expedite interest rate hikes to bring down inflation has been absorbed.

<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).

South Korea

KCC Corp, manufactures paint & related product, building materials such as cement corrugated sheet, glass wool mat, and board & pipe cover, PVC window profile, paints, and ceramic fiber for high temperature applications. The Company also produces various glasses such as glass fiber, float glass, patterned glass, safety tempered glass, and long glass fibers.

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Kcc Corp (002380 KS)

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

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to increase, with the resistance at 1,578/1,585 points and the support at 1,560/1,550 points. Technically, there is a...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,640/1,650 points and the support at 1,623 points (50-day EMA)/1,618...

Krungthai XSpring

Recommendation: Buy on Weakness, Sell on Strength

The SET Index is expected to move sideways up, with the resistance at 1,640/1,650 points and the support at 1,629 points (10-day EMA)/1,619 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

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