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 1,650/1,658 points and the support at 1,630/1,615 points (10/25-day EMA).</li><li>We recommend trading buy on CRC, TFG and BDMS.</li><li>Technically, the index may swing in the range of 1,620 points (200-day EMA) before a clear direction becomes apparent, but the uptrend momentum will be maintained if it manages to close above 1,620 points.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,650/1,658 points and the support at 1,630/1,615 points (10/25-day EMA).We recommend trading buy on CRC, TFG and BDMS.Technically, the index may swing in the range of 1,620 points (200-day EMA) before a clear direction becomes apparent, but the uptrend momentum will be maintained if it manages to close above 1,620 points.

<ul><li>The SET Index is expected to weaken, with the resistance at 1,650/1,666 points and the support at 1,630/1,613 points (10-day and 200-day EMA).</li><li>We recommend trading buy on BDMS, AOT and ADVANC.</li><li>Negative momentum will be generated by the sharp falls of greater than 3% in US markets after the Fed chairman signaled further rate hikes to bring down inflation at the Jackson Hole Economic Policy Symposium, increasing the risk of an economic slowdown.</li></ul>

The SET Index is expected to weaken, with the resistance at 1,650/1,666 points and the support at 1,630/1,613 points (10-day and 200-day EMA).We recommend trading buy on BDMS, AOT and ADVANC.Negative momentum will be generated by the sharp falls of greater than 3% in US markets after the Fed chairman signaled further rate hikes to bring down inflation at the Jackson Hole Economic Policy Symposium, increasing the risk of an economic slowdown.

<ul><li>We suggest selling SYNEX and SNC (returns: +4.39% and +1.17%, respectively).</li><li>Yesterday, our Small Cap portfolio generated a return of +2.60%, vs. the SET Index's return of +0.73%, on the back of the marked increases in the share prices of several stocks in our portfolio.</li><li>The gains were led by SYNEX thanks to the expected benefits from the launch of the iPhone 14 by Apple on September 7, followed by SAT (+5.68%), KSL (+3.41%) and SNC (+2.99%).</li></ul>

We suggest selling SYNEX and SNC (returns: +4.39% and +1.17%, respectively).Yesterday, our Small Cap portfolio generated a return of +2.60%, vs. the SET Index's return of +0.73%, on the back of the marked increases in the share prices of several stocks in our portfolio.The gains were led by SYNEX thanks to the expected benefits from the launch of the iPhone 14 by Apple on September 7, followed by SAT (+5.68%), KSL (+3.41%) and SNC (+2.99%).

<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

<ul><li>We add SNC to our portfolio, as its earnings outlook seems to be brighter than previously expected.</li><li>The firm has revised up its revenue growth target from 10% to 30% after the 1H22 revenue grew by 54% YoY to Bt12bn.</li><li>There is upside risk to our 2022E earnings projection of Bt694mn (+9.12% YoY).</li></ul>

We add SNC to our portfolio, as its earnings outlook seems to be brighter than previously expected.The firm has revised up its revenue growth target from 10% to 30% after the 1H22 revenue grew by 54% YoY to Bt12bn.There is upside risk to our 2022E earnings projection of Bt694mn (+9.12% YoY).

Malaysia

KSL Holdings Berhad is an investment holding company. Through its subsidiaries, the Company develops properties. KSL Holdings performs all aspects of development from land purchasing to final property inspection.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ksl Holdings (KSL MK)

Market Outlook and Recommendations

The SET Index is expected to move sideways, with the resistance at 1,650/1,658 points and the support at 1,630/1,615 points (10/25-day EMA). We...

Krungthai XSpring

DOHOME I Outperform I TP Bt18.25

The SET Index is expected to weaken, with the resistance at 1,650/1,666 points and the support at 1,630/1,613 points (10-day and 200-day EMA). We...

Krungthai XSpring

Small Cap Top Picks

We suggest selling SYNEX and SNC (returns: +4.39% and +1.17%, respectively). Yesterday, our Small Cap portfolio generated a return of +2.60%, vs....

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

Small Cap Top Picks

We add SNC to our portfolio, as its earnings outlook seems to be brighter than previously expected. The firm has revised up its revenue growth...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)