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>Technically, the SET Index is expected to move in response to the US presidential election results, with an upward trend anticipated if Kamala Harris wins and a downward trend if Donald Trump does.</li><li>The resistance levels are set at 1,494 and 1,506 points, while support levels are at 1,473 and 1,466 points (10-day EMA).</li><li>For the tactical play strategy, we suggest trading buy on selective stocks.</li></ul>

Technically, the SET Index is expected to move in response to the US presidential election results, with an upward trend anticipated if Kamala Harris wins and a downward trend if Donald Trump does.The resistance levels are set at 1,494 and 1,506 points, while support levels are at 1,473 and 1,466 points (10-day EMA).For the tactical play strategy, we suggest trading buy on selective stocks.

US Election and Composite/Services PMIs in Japan and the EU

Technical Analysis

<ul><li>Although the market lacked new supporting factors and foreign investors continued to sell, while US bond yields rose, the SET managed to bounce back more strongly than expected and outperformed other Asian bourses.</li><li>With the RSI and stochastic indicators adjusting upward, the index appears likely to continue climbing.</li><li>As the US election may cause the index to move sideways or face profit taking, we recommend selling on strength, buying on weakness.</li></ul>

Although the market lacked new supporting factors and foreign investors continued to sell, while US bond yields rose, the SET managed to bounce back more strongly than expected and outperformed other Asian bourses.With the RSI and stochastic indicators adjusting upward, the index appears likely to continue climbing.As the US election may cause the index to move sideways or face profit taking, we recommend selling on strength, buying on weakness.

Recommendation: Sell On Strength, Buy On Weakness

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,500/1,510 points and the support at 1,488/1,480 points.</li><li>In the medium term, the market remains in a broad sideways range between 1,273 and 1,716 points, currently trending upward to test resistance levels.</li><li>As for the investment strategy, we continue to recommend trading buy on dips.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,500/1,510 points and the support at 1,488/1,480 points.In the medium term, the market remains in a broad sideways range between 1,273 and 1,716 points, currently trending upward to test resistance levels.As for the investment strategy, we continue to recommend trading buy on dips.

TH Earnings Results & China's 3Q24E GDP Growth

<ul><li>The SET experienced volatility, initially bouncing up to 1,446.52 points before retreating to close slightly lower, driven by declines in banking, commerce, transportation, and petroleum stocks.</li><li>We expect the index to surge on account of the positive sentiment.</li><li>However, we recommend selling on strength, buying on weakness because it is approaching the overbought zone.</li></ul>

The SET experienced volatility, initially bouncing up to 1,446.52 points before retreating to close slightly lower, driven by declines in banking, commerce, transportation, and petroleum stocks.We expect the index to surge on account of the positive sentiment.However, we recommend selling on strength, buying on weakness because it is approaching the overbought zone.

Recommendation: Sell on Strength, Buy on Weakness

<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.

Thailand

Thaicom is a leading Asian satellite operator and SpaceTech company, providing comprehensive satellite communications services, including broadband via High Throughput Satellite (HTS) and satellite TV broadcasting. The company also offers geospatial intelligence (GEOINT) services by leveraging Earth Observation satellite data, AI, and Machine Learning. Thaicom was founded in 1991 and is headquartered in Bangkok, Thailand.

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

Thaicom (THCOM TB)

US Election and Composite/Services PMIs in Japan and the EU

Technically, the SET Index is expected to move in response to the US presidential election results, with an upward trend anticipated if Kamala...

Krungthai XSpring

Recommendation: Sell On Strength, Buy On Weakness

Although the market lacked new supporting factors and foreign investors continued to sell, while US bond yields rose, the SET managed to bounce...

Krungthai XSpring

TH Earnings Results & China's 3Q24E GDP Growth

Technically, the SET Index is expected to move sideways up, with the resistance at 1,500/1,510 points and the support at 1,488/1,480 points. In...

Krungthai XSpring

Recommendation: Sell on Strength, Buy on Weakness

The SET experienced volatility, initially bouncing up to 1,446.52 points before retreating to close slightly lower, driven by declines in banking,...

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)