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BCP Long Trade Setup – Potential Bounce from Swing Lows 📉 Stock: Bangchak Corporation PCL (BCP) 💰 Current Price: 29.50 THB 📊 Trade Idea: Price is currently trading near swing lows around the 29 THB zone, shown in the blue highlighted demand zone. Historically, this level has acted as a strong support, with prices bouncing to the upside after touching this zone. If the pattern holds, I anticipate a bounce from this level, providing a potential upside opportunity with profit targets at: 1. 📈 32 THB 2. 📈 33 THB 3. 📈 34 THB 4. 📈 39 THB This setup offers a favorable risk-to-reward ratio with clear levels to capture profits as the price rises. ⚠️ Stop-Loss: Consider setting a stop-loss below the swing low to manage risk in case the support fails. 🚨 Disclaimer: This is not financial advice. Please do your own research and consult a financial professional before making any trading decisions. Let’s see if this support holds! What are your thoughts on this setup? 💬 #BCP #Bangchak #TradingView #ThaiStocks #SwingTrade #SupportAndResistance #TradeIdeas
SET:BCPLong
by kwamru
1
Carabao Group ( $CBG )Carabao Group's valuation and earnings have narrowed compressing its multiple. This is mainly because its stock price went through a euphoric phase which coincided with a global market blow off top in 2020-2021. The stock price overshot and has been compressing while the company tries to grow into its high multiple. What we have seen is a trend reversal from its high of +- 158 baht The downtrend and its counter rallies were sold off as profit takers took gains and while many others panic sold who bought at the top, this was done to cut losses, by selling into counter rallies. ( which we can see in its downtrend). We have these peaks and then sharp sell offs. This has caused downward pressure in the share price and has led to constant sell offs at key resistance areas, meaning people who have been waiting to get out now decide to sell. This speaks to the dangers of buying a good company, but at overpriced levels. ( at some point valuations matter) However, What we are seeing now is a slowing in the momentum of sellers, indicating exhaustion and a potential trend reversal to the upside. The triple bottom at a significant support adds to this. Carabao now looks to be building a base above 60 baht, and although there is still some selling pressure at 80baht, and we could still see a retest back down to 69 baht, it would be healthy and most likely a good entry point. We could see the stock trading between 80baht-100 baht again by Q1 of 2025.
SET:CBGLong
by TalkingCents
Growth + Float = Delta money gameSET:DELTA is the best performing large-cap stock since Covid time - the stock is the thiry-bagger from end of 2019 to today (7 Nov 24) - generating massive return to its shareholders and executives. >> Not a new kid on the block : Pre-covid, Delta had decent financial performance. The company consistently achieved revenue and earnings growth and was profitable through cycles. It's also a reliable dividend payer - deliver 3%+ yield to its shareholders. Single-digit growth and contistent dividend payout were Delta's characterictics back in the old days. As such, DELTA P/E had been in the mid-teens. >> I want it all In 2018, Delta announced the voluntary tender offer deltathailand.com at the price of 71 Baht/share (Bt 10 par). The company said the tender offer aimed to strengthen Delta's manufacturing capabilities and sales support in Southeast Asia. Tender process concluded in mid 2019, reducing the free float from 37% to 22% .
SET:DELTA
by bulega
RJH: 15 Oct 20247 Oct 2024 CP 23.2 Tailwind -Fct 3Q24 highest in last 2 yrs. Nomally comes from Cash and SSO Headwind -4Q24 is off-peak season -> revenue drop QoQ but increasing YoY -Fct SG&A increasing from preparing to open new branch (RNK) in Oct'24 -> beware of Depreciation in Y25 -Adjust Relative Weight (RW) from 12K to 7K. Debating still on to push not to over 15K -Affect from investment in RAM. SH's cost 28.2 current price is 23 KS TP 23.80 Fct EPS 1.58 PE 15 MOS 20% @ 19.04 MOS 25% @ 17.85 MOS 30% @ 16.66
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by adgfdcoc
CKP Fct 3/4Q2422 Sept 2024 Current Price 3.78 -Price Pattern shows symmetrical triangle -> wait till break trend line -> up or down -Fct 3Q24 core profit ~ 800-900 THB (+QoQ -YoY) Headwind -Fct 3Q24 OP is not good due to XPCL site (contribute 32% of total CKP's capacity) shut down (2 times) -> over flow water from China -La Nina will take less impact -> low supply -> NP drop Tailwind -FED cut int rate 50 bps (every 25bps affect 80-90M) -> 3/4QY24 NP improve ~ 180MTHB but cannot subside shutdown/lower output from XPCL -THB appreciate -> Hedging -> Capital Gain -LPBL construction progress ~ 30 and does not get affect from flooding TP 4THB MOS 20%@ 3.2 MOS 25%@ 3.0 MOS 30%@ 2.8
SET:CKPShort
by adgfdcoc