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 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628 points.</li><li>Technically, the index may fall after it dropped below the support at 1,646 points (10-day EMA) yesterday.</li><li>Negative momentum may be generated by concerns over the possibility of aggressive Fed rate hikes to bring down inflation, which may prompt investors to slow down their investment in equities.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628 points.Technically, the index may fall after it dropped below the support at 1,646 points (10-day EMA) yesterday.Negative momentum may be generated by concerns over the possibility of aggressive Fed rate hikes to bring down inflation, which may prompt investors to slow down their investment in equities.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641 points.</li><li>We recommend trading buy on TIDLOR, CENTEL and KAMART.</li><li>Technically, the index may remain on an uptrend after it was able to surpass the 10-day EMA at 1,647 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641 points.We recommend trading buy on TIDLOR, CENTEL and KAMART.Technically, the index may remain on an uptrend after it was able to surpass the 10-day EMA at 1,647 points.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,665/1,673 points and the support at 1,637/1,625 points (10/25-day EMA).</li><li>We recommend trading buy on ERW, MTC and BJC.</li><li>Technically, there is an uptrend signal, with the existing target resistance at 1,665/1,693 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,665/1,673 points and the support at 1,637/1,625 points (10/25-day EMA).We recommend trading buy on ERW, MTC and BJC.Technically, there is an uptrend signal, with the existing target resistance at 1,665/1,693 points.

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,650/1,666 points and the support at 1,631 points (10-day EMA)/1,620 points (25-day EMA).</li><li>We recommend trading buy on COM7, SPVI and BDMS.</li><li>Technically, the index seems to have remained in an uptrend, with continued increases in the low and high points each day; there will be more buy signs if it surpasses the previous resistance at 1,650 points.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,650/1,666 points and the support at 1,631 points (10-day EMA)/1,620 points (25-day EMA).We recommend trading buy on COM7, SPVI and BDMS.Technically, the index seems to have remained in an uptrend, with continued increases in the low and high points each day; there will be more buy signs if it surpasses the previous resistance at 1,650 points.

<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.

Recommendation: Buy on Weakness, Sell on Strength

Australia

Ten Cap Alpha Plus Complex ETF is an exchange-traded fund incorporated in Australia. The Fund mainly tracks S&P/ASX 200 Accumulation Index. The Fund aims to achieve positive returns in excess of the Benchmark, before fees and expenses, over the long term by taking both Long Positions and Short Positions in selected Australian shares.

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Ten Cap Alpha Plus Complex ETF (TCAP AU)

Market Outlook

The SET Index is expected to move sideways down, with the resistance at 1,650/1,660 points and the support at 1,633 points (25-day EMA)/1,628...

Krungthai XSpring

Recommendation: Selective Speculation

The SET Index is expected to move sideways up, with the resistance at 1,666/1,673 points and the support at 1,647 points (10-day EMA)/1,641...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways up, with the resistance at 1,665/1,673 points and the support at 1,637/1,625 points (10/25-day EMA). We...

Krungthai XSpring

Market Outlook and Recommendations

The SET Index is expected to move sideways up, with the resistance at 1,650/1,666 points and the support at 1,631 points (10-day EMA)/1,620 points...

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

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