Thailand Stocks: Banpu Public Company Limited

Thailand Stocks: Banpu Public Company Limited

Thailand Stocks: Banpu Public Company Limited

Over three decades of consistent growth and development, Banpu Public Company Limited has grown into one of the energy leaders in the Asia-Pacific region with wide spread experiences in the domestic and international coal industry as well as coal-fired power generation. Banpu’s commitment centers on constant development of production and management competencies, harnessing our professional skills and Asian values to lead the Company into the global energy industry as “The Asian Face of Energy”.

Banpu pursues businesses in coal mining, power generation and alternative energy, through its investments in Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore , Japan, and USA.

BANPU closed down -0.500 at 19.000. Volume was 33% below average (neutral) and Bollinger Bands were 43% narrower than normal.

Open High Low Close Volume___
19.500 19.600 18.900 19.000 55,888,700

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 19.64 19.48 17.07
Volatility: 23 26 44
Volume: 53,509,248 63,102,288 93,084,080

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.


BANPU is currently 11.3% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of BANPU.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BANPU.BK and have had this outlook for the last 6 periods.

Candlestick Analysis

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened.

If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 16 white candles and 23 black candles for a net of 7 black candles.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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