3 Thai Stocks Listed on SGX Ready to Skyrocket After the Fed’s 0.5% Rate Cut - by Joey Choy
🏦 Kasikorn Bank ( $Kasikorn BK TH SDR1to1 (TKKD.SG)$ ) broke key resistance THB 150 (S$5.85) which turned to support. Uptrend that started in August looks intact, with 20 day moving average sloping up. Entry on dips above support for upside to THB 160 (S$6.24).
⚡ Gulf Energy ( $Gulf TH SDR 1to1 (TGED.SG)$ ) uptrend remains intact as long as prices hold above resistance-turned-su...

$Kasikorn BK TH SDR1to1 (TKKD.SG)$
KBank is Thailand’s second largest bank based on total loans and ranks first in SME products and mobile banking. In FY23, Kbank achieved growth of 13% and 18% in revenue and net profit, and has increased dividend distributions over the past three years. Here are the key takeaways from Beansprout evaluations on Kbank.
 
1. Loan growth targeted for 3-5% in 2024
Loan portion fell 1.1% QoQ in 1Q24. Kbank expe...

Top Thai SDRs picking up momentum:
$Gulf TH SDR 1to1 (TGED.SG)$ $Gulf TH SDR 1to1 (TGED.SG)$ : +19% MoM
$Delta TH SDR 1to1 (TDED.SG)$: +19% MoM
$AIS TH SDR 10to1 (TADD.SG)$: +12% MoM
$Kasikorn BK TH SDR1to1 (TKKD.SG)$ : +6% MoM

🏦 Kasikorn Bank ( $Kasikorn BK TH SDR1to1 (TKKD.SG)$ ) resistance S$4.44 (THB 120) turned to support with longer term trend seeing potential upward reversal. Potential entry near support at S$4.44 (THB 120), for upside to key resistance at S$5.00 (THB 135).
📱 Advanced Info Service ( $AIS TH SDR 10to1 (TADD.SG)$ ) broke out of resistance of S$0.78 (THB 210), and is trending up to all time high of S$0.83 (THB 225). Potential upside to new t...

Learn more with Alvin, from Dr Wealth, in a 10 minutes rundown of the business model, edge and fundamentals of each company, and how they can be traded on SGX via Singapore Depository Receipts (SDR). Click the links below to watch the YouTube videos.
$Kasikorn BK TH SDR1to1 (TKKD.SG)$
Kasikorn Bank – A look against its peers