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 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

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,611 points (75-day EMA)/1,600 points.</li><li>OPEC+ agreed to cut output by 100kbd in October, surprising the market, which had expected an increase of 100kbd.</li><li>We expect the MPC to raise the policy interest rate further by 0.25% to 1.0% in its meeting late this month after the report of flat inflation in August at +7.86% YoY (vs. +7.61% YoY in July).</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,611 points (75-day EMA)/1,600 points.OPEC+ agreed to cut output by 100kbd in October, surprising the market, which had expected an increase of 100kbd.We expect the MPC to raise the policy interest rate further by 0.25% to 1.0% in its meeting late this month after the report of flat inflation in August at +7.86% YoY (vs. +7.61% YoY in July).

<ul><li>The SET Index is expected to weaken, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points (50-day EMA).</li><li>We suggest trading buy on ASIAN, TFG and JMART.</li><li>Negative momentum will be generated from China's lockdown of a major city where the production bases of chips and autos are located.</li></ul>

The SET Index is expected to weaken, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points (50-day EMA).We suggest trading buy on ASIAN, TFG and JMART.Negative momentum will be generated from China's lockdown of a major city where the production bases of chips and autos are located.

<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.

Australia

Total Brain Limited designs and develops software solutions. The Company offers a brain health platform for monitoring, assessing, and training brain habits, as well as access data to optimize rehabilitation and brain performance. Total Brain provides its services in Australia and the United States.

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Total Brain (TTB AU)

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

TFG I Outperform I TP Bt7.90

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,611 points (75-day EMA)/1,600...

Krungthai XSpring

Market Outlook

The SET Index is expected to weaken, with the resistance at 1,630/1,640 points and the support at 1,614 points (10/25-day EMA)/1,608 points...

Krungthai XSpring

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

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