3 Thai Stocks Listed on SGX Ready to Skyrocket After the Fed’s 0.5% Rate Cut - by Joey Choy
🏦 Kasikorn Bank ( $t Kasikorn BK TH SDR1to1 (TKKD.SG)$ ) 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 ( $t Gulf TH SDR 1to1 (TGED.SG)$ ) uptrend remains intact as long as prices hold above resistance-turned-su...

$t Kasikorn BK TH SDR1to1 (TKKD.SG)$
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:
$t Gulf TH SDR 1to1 (TGED.SG)$ $t Gulf TH SDR 1to1 (TGED.SG)$ : +19% MoM
$t Delta TH SDR 1to1 (TDED.SG)$: +19% MoM
$t AIS TH SDR 10to1 (TADD.SG)$: +12% MoM
$t Kasikorn BK TH SDR1to1 (TKKD.SG)$ : +6% MoM

🏦 Kasikorn Bank ( $t Kasikorn BK TH SDR1to1 (TKKD.SG)$ ) 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 ( $t AIS TH SDR 10to1 (TADD.SG)$ ) 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...