Thai Beverage Public Company Limited (SGX:Y92) HEFFX Highlights

Thai Beverage Public Company Limited (SGX:Y92) HEFFX Highlights

Thai Beverage Public Company Limited (SGX:Y92) HEFFX Highlights

  • ThaiBev’s net profit slips 23.5% to 6.56b baht in Q2
  • Thai Beverage is the market leader in the Thailand alcoholic drinks market
  • Thai Beverage posts 2016 full-year profit of 18.9b baht
  • Thai Beverage bids for a stake in Vietnam’s largest brewers
  • Thai Beverage Group and Charoen Pokphand Group are planning to develop robots to respond to the Thailand 4.0 scheme.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 0.58.

The projected upper bound is: 0.60.

The projected lower bound is: 0.51.

The projected closing price is: 0.56.

THAI BEVERAGE closed unchanged at 0.560. Volume was 100% below average (consolidating) and Bollinger Bands were 30% narrower than normal.

Open       High        Low         Close     Volume
0.560      0.560      0.560      0.560      0

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period      50-period      200-period
Close:                       0.58               0.59                0.59
Volatility:                52                   45                    56
Volume:                   1,300             375                  812

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

THAI BEVERAGE is currently 4.4% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into TBEV.SG (bullish). Our trend forecasting oscillators are currently bearish on TBEV.SG and have had this outlook for the last 39 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

HEFFX Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 23.3645. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.69. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 218 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -148.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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