Thai Stock Mastery: Seizing SGX’s Lucrative Opportunities

Have you ever puzzled how one can take a place in among the Top Thailand corporations listed on the SET, with out the effort and extra price of shopping for the shares instantly there?

Since finish of May 2023, it’s now doable.

We can take a place in among the Top Thailand corporations like every other shares listed on the Singapore Exchange.

We should buy what is known as Singapore Depository Receipts, briefly, SDRs.

SDRs are devices representing useful curiosity in an underlying safety listed on an abroad change and are issued for buying and selling on the securities market of the Singapore Exchange by an middleman, SDR Issuer, on an unsponsored foundation.

It will allow SGX traders to develop funding horizons to abroad listed corporations in a easy and cost-efficient method.

So, with the launch of Thai Underlying SDR as at finish May 2023, merchants and traders in Singapore can now spend money on such Thai corporations identical to any Singapore shares listed on the SGX with the identical settlement procedures and SGD traded forex.

There are 3 blue chips Thai underlying SDRs at present which is what I shall be speaking about on this article and how one can probably revenue from.

I shall be analyzing the charts of those 3 underlying Thailand shares earlier than sharing how one can take a place on the SDRs listed on the SGX and the potential goal worth primarily based on present worth ranges.

The 3 underlying Thai shares listed within the SET and their codes are:

Underlying Thai shares on SET

Thai SDR on SGX

Airports of Thailand

AOT.BK

TATD

PTT Exploration & Production

PTTEP.BK

TPED

CP All

CPALL.BK

TCPD

1) Airports of Thailand (AOT.BK) manages and operates airports in Thailand and is a prime Blue chip on SET with the very best weightage of 8% as Thailand is targeted on Tourism.

Over the previous 2 months, we now have continued to see help coming again at 58 (S$2.20) the place consumers began to cut price hunt. As talked about beforehand, this can be a key degree we now have rebounded from since greater than 2 years again so prone to see some shopping for strain as costs approached right here.

The short-term pattern has additionally began to level up over the previous few days as seen from the 20-day transferring common with costs crossing again above it. May see some near-term upside in direction of the following resistance at 66 (S$2.50) the place some revenue taking can occur once more.

This resistance was initially the help we broke down in Nov 2023 can be key for the reversal to proceed in direction of 76 (S$2.90). For the longer-term pattern to reverse up as effectively, we have to break the 66 (S$2.50) degree firmly and keep above.

So how does one take a place in Airport of Thailand from the SDR listed on the SGX?

Well, you may take a place on this SDR, which is known as AIRPORTS OF TH TH SDR (TATD)at present priced at S$2.36.

As talked about, this SDR is sort of a regular Singapore inventory the place its traded forex is in SGD and settlement procedures the identical.

If it does dip again to close its help once more at 58 (S$2.20) and a few bullish candles are noticed, an entry may be taken for a possible upside of about 13% if we rebound again to ranges like 66 (S$2.50).

2) PTT Exploration & Production (PTTEP.BK) is a number one oil and gasoline exploration and manufacturing firm in Thailand and is a prime Blue chip on SET with the highest 10 weightage.

Thai Stock Mastery: Seizing SGX's Lucrative Opportunities

PTTEP.BK at present buying and selling at 151 (S$5.75) remains to be trying to firmly break the essential 150 (S$5.70) resistance that it has traded under for about 2 months now. Over the previous month, looks as if the next help has come out at round 145 (S$5.50) because it consolidates above it now.

The 20-day transferring common line which represents the short-term pattern has begun to flatten out once more after pointing upward because of the upticks seen in December 2023. Only a agency transfer above 150 (S$5.70) resistance can see the short-term pattern. flip up once more. This can occur with costs closing from 152 – 156 on above common quantity that may present consumers able to take it to the following larger section.

The upside goal may be to 160 (S$6.08) first then 180 (S$6.85) which was the current excessive final 12 months. One can contemplate entry above 145 (S$5.50) help for a possible break of 150 (S$5.70).

Would be good to have a cease loss degree at round 142 (S$5.40) to get out in case we fail to carry above 145 (S$5.50) help.

So how does one take a place in PTT Exploration & Production from the SDR listed on the SGX?

Well, you may take a place on this SDR, which is known as PTTEP TH SDR(TPED)at present priced at S$5.72.

For an entry close to 145 (S$5.50) to trip to 180 (S$6.85), we’re an 23% potential upside as per targets.

3) CP ALL (CPALL.BK) Operates the 7-Eleven comfort retailer chain in Thailand and has probably the most intensive comfort retailer community within the nation.

Thai Stock Mastery: Seizing SGX's Lucrative Opportunities

CPALL.BK has continued to carry above the 50 (S$1.90) help over the previous month and has staged a rebound from this key psychological degree once more over the previous few days.

With costs crossing again above the 20-day transferring common, we might begin to see some short-term upside again to 60 (S$2.28). This degree is now a key resistance to look at, and it was initially the help we broke in Oct final 12 months.

The longer-term pattern remains to be pointing down under this 60 (S$2.28) resistance as seen from the 100 day and 200 day transferring averages traces that are pointing down with costs under them.

One can contemplate timing entry close to the 50 (S$1.90) help degree once more if it dips which might provide way more upside.

So how does one take a place in CP ALL from the SDR listed on the SGX?

Well, you may take a place on this SDR, which is known as CP ALL TH SDR(TCPD) Currently priced at S$2.09. For an entry close to the 50 (S$1.90) help, we’re a 19% potential upside as per targets to S$2.28.

Footnote: Currency conversion used from THB to SGD is 0.038.

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