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>The SET Index is expected to move sideways up, with the resistance at 1,642/1,650 points and the support at 1,621/1,612 points.</li><li>We recommend trading buy on KBANK, BDMS and TFG.</li><li>Technically, yesterday's rebound has created positive momentum, indicating that the index may move up to test the resistance at 1,650 points, with the stop-loss point at 1,612 points (20-day EMA).</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,642/1,650 points and the support at 1,621/1,612 points.We recommend trading buy on KBANK, BDMS and TFG.Technically, yesterday's rebound has created positive momentum, indicating that the index may move up to test the resistance at 1,650 points, with the stop-loss point at 1,612 points (20-day EMA).

Thailand

Synnex (Thailand) Public Company Limited distributes computers, computer peripherals, software, information technology systems, computer consumables, and communication devices. The company also offers retail and online platform services, computer system repair and maintenance, and training. It was incorporated in 1988 and is headquartered in Bangkok, Thailand.

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Synnex (SYNEX TB)

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

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,642/1,650 points and the support at 1,621/1,612 points. We recommend...

Krungthai XSpring

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