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

Samart Aviation Solutions Public Co Ltd / Equity Bottom-Up

Samart Aviation Solutions Public Co Ltd (SAV TB)

<ul><li>Technically, the SET Index is expected to weaken, with the support levels at 1,236/1,230 points and resistance at 1,254/1,260 points.</li><li>In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within the range of 1,220-1,506 points.</li><li>In the short term, the first signs of a pullback have emerged after the index formed a lower high and lower low pattern for the first time since the technical rebound began on February 17 from the new low of 1,236.80 points.</li></ul>

Technically, the SET Index is expected to weaken, with the support levels at 1,236/1,230 points and resistance at 1,254/1,260 points.In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within the range of 1,220-1,506 points.In the short term, the first signs of a pullback have emerged after the index formed a lower high and lower low pattern for the first time since the technical rebound began on February 17 from the new low of 1,236.80 points.

<ul><li>Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (50-day EMA)/1,380 points and the support at 1,356 points/1,350 points.</li><li>In the short term, the index remains in an uptrend, marking a higher high and higher low for the seventh consecutive day.</li><li>We recommend holding positions and waiting to take profit at the resistance level.</li></ul>

Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (50-day EMA)/1,380 points and the support at 1,356 points/1,350 points.In the short term, the index remains in an uptrend, marking a higher high and higher low for the seventh consecutive day.We recommend holding positions and waiting to take profit at the resistance level.

Index Rebalance

PTT Exploration & Production / Index Rebalance

<ul><li>The SET Index is expected to weaken, with the support at 1,388/1,380 points (50-day EMA/10-day EMA) and the resistance at 1,400/1,405 points.</li><li>As for the big technical picture, there is a positive sign for the index, with the potential to move up to test the resistance at 1,405/1,416 points after yesterday managing to surpass the key resistance at 1,388 points for the first day.</li><li>However, today the index is at risk of falling to test the support at the 50-day EMA again, given that foreign investors may return to being net sellers owing to the impact of the FTSE Index rebalancing (four Thai stocks have been removed from the large cap list, and five have been removed from the small cap list).</li></ul>

The SET Index is expected to weaken, with the support at 1,388/1,380 points (50-day EMA/10-day EMA) and the resistance at 1,400/1,405 points.As for the big technical picture, there is a positive sign for the index, with the potential to move up to test the resistance at 1,405/1,416 points after yesterday managing to surpass the key resistance at 1,388 points for the first day.However, today the index is at risk of falling to test the support at the 50-day EMA again, given that foreign investors may return to being net sellers owing to the impact of the FTSE Index rebalancing (four Thai stocks have been removed from the large cap list, and five have been removed from the small cap list).

Keep a Close Watch on the FTSE Rebalancing

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,636/1,649 points and the support at 1,612 points (200-day EMA)/1,607 points (50-day EMA).</li><li>We recommend trading buy on HMPRO, SPA and CRC.</li><li>Technically, the index is on an uptrend in the form of a rounding bottom (U-shape), moving toward testing the target resistance of 1,649 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,636/1,649 points and the support at 1,612 points (200-day EMA)/1,607 points (50-day EMA).We recommend trading buy on HMPRO, SPA and CRC.Technically, the index is on an uptrend in the form of a rounding bottom (U-shape), moving toward testing the target resistance of 1,649 points.

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Capital Markets

<p>San Francisco-based <a href="https://www.smartkarma.com/entities/amplitude-inc" target="_blank" data-smartkarma-citation="entities:34148:1" rel="noopener">Amplitude (AMPL US)</a> , best-in-class product analytics and digital optimization technology unicorn, filed for a direct listing and expects their Class A common stock to begin trading on September 28, 2021. The company has registered up to ~35.4M shares to sell in the direct listing with the reference price to be announced. Amplitude plans to list their Class A shares on the Nasdaq Capital Market under the symbol “AMPL”. Direct listing means that there will be no book building process and none of the existing shareholders will be subject to 180-day contractual lock-up agreement. Morgan Stanley, Bank of America, Citigroup, KeyBanc Capital Markets, Baird, UBS and William Blair will serve as financial advisors.</p>

San Francisco-based Amplitude (AMPL US) , best-in-class product analytics and digital optimization technology unicorn, filed for a direct listing and expects their Class A common stock to begin trading on September 28, 2021. The company has registered up to ~35.4M shares to sell in the direct listing with the reference price to be announced. Amplitude plans to list their Class A shares on the Nasdaq Capital Market under the symbol “AMPL”. Direct listing means that there will be no book building process and none of the existing shareholders will be subject to 180-day contractual lock-up agreement. Morgan Stanley, Bank of America, Citigroup, KeyBanc Capital Markets, Baird, UBS and William Blair will serve as financial advisors.

Founder-Led Unicorn And Leader In Product Analytics

United States

Slack Technologies, Inc. operates as a software company. The Company designs and develops communication platform that provide real-time messaging, archiving, and searching services for teams. Slack Technologies serves clients worldwide.

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Slack Technologies Inc (WORK US)

Strategic Daily Picks

Technically, the SET Index is expected to weaken, with the support levels at 1,236/1,230 points and resistance at 1,254/1,260 points. In the...

Krungthai XSpring

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways up, with resistance at 1,372 points (50-day EMA)/1,380 points and the support at 1,356...

Krungthai XSpring

Keep a Close Watch on the FTSE Rebalancing

The SET Index is expected to weaken, with the support at 1,388/1,380 points (50-day EMA/10-day EMA) and the resistance at 1,400/1,405 points. As...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,636/1,649 points and the support at 1,612 points (200-day EMA)/1,607...

Krungthai XSpring

Founder-Led Unicorn And Leader In Product Analytics

Amplitude, the growth engine for digital products, will go public via direct listing and we think its fully SaaS, cloud-native product with...

Andrei Zakharov

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