Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Apr 11th. We estimate that they had an aggregated short interest worth USD1.7bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in WHA Corporation PCL , Siam Cement PLC.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Apr 11th. We estimate that they had an aggregated short interest worth USD1.7bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in WHA Corporation PCL , Siam Cement PLC.


Thailand Short Interest Weekly (Apr 11th): WHA, SCC

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>President Trump's announcement to postpone the reciprocal tariff by 90 days sparked a sharp rally in global stock markets.</li><li>The SET surged to 1,146.86 points, gaining 58.68 points, before pulling back due to profit taking ahead of the Songkran holiday.</li><li>Strong buying activities flowed in blue-chip stocks and those previously affected by Trump’s tariff policies, such as AMATA, WHA, DELTA, PTTEP, SCC, GULF and banking stocks. </li></ul>

President Trump's announcement to postpone the reciprocal tariff by 90 days sparked a sharp rally in global stock markets.The SET surged to 1,146.86 points, gaining 58.68 points, before pulling back due to profit taking ahead of the Songkran holiday.Strong buying activities flowed in blue-chip stocks and those previously affected by Trump’s tariff policies, such as AMATA, WHA, DELTA, PTTEP, SCC, GULF and banking stocks. 

<ul><li>Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance levels at 1,150/1,158/1,168 points (25-day EMA) and the support levels at 1,130/1,122 points.</li><li>In the medium term, the index remains in a downtren  within the 960-1,200-point range, searching for the bottom.</li><li>In the short term, the index is expected to continue rising, targeting 1,158/1,168 points. </li></ul>

Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance levels at 1,150/1,158/1,168 points (25-day EMA) and the support levels at 1,130/1,122 points.In the medium term, the index remains in a downtren  within the 960-1,200-point range, searching for the bottom.In the short term, the index is expected to continue rising, targeting 1,158/1,168 points. 

KTX Zoom: US 1Q25E Earnings Results - APRIL 11, 2025

<ul><li>Technically, the SET Index is expected to rise, with the resistance at 1,122/1,137 points and the support at 1,080/1,066 points.</li><li>The medium-term outlook remains bearish, as the index continues to follow a zig-zag downtrend pattern while searching for the bottom.</li><li>The trading range has been revised to 960-1,200 points. </li></ul>

Technically, the SET Index is expected to rise, with the resistance at 1,122/1,137 points and the support at 1,080/1,066 points.The medium-term outlook remains bearish, as the index continues to follow a zig-zag downtrend pattern while searching for the bottom.The trading range has been revised to 960-1,200 points. 

KTX Zoom: CH and US Inflation - April 10, 2025

<ul><li>The rebound in the Hang Seng and Chinese stock markets, which outperformed other regional markets, helped accelerate the SET Index's upward movement.</li><li>Buying activity focused on large-cap stocks, particularly in the banking, energy, petroleum, finance, and commerce sectors.</li><li>In addition, the appreciation of the baht and renewed foreign investor interest further boosted the index, leading to a notable rally in the afternoon session.</li></ul>

The rebound in the Hang Seng and Chinese stock markets, which outperformed other regional markets, helped accelerate the SET Index's upward movement.Buying activity focused on large-cap stocks, particularly in the banking, energy, petroleum, finance, and commerce sectors.In addition, the appreciation of the baht and renewed foreign investor interest further boosted the index, leading to a notable rally in the afternoon session.

Thailand

SCB X Public Company Limited provides banking services. The Bank offers accounts, loans, cards, deposits, insurance, investment, payment, digital banking, and other related services. SCB X serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Siam Commercial Bank (SCB TB)

Thailand Short Interest Weekly (Apr 11th): WHA, SCC

We analyzed SET short interest report for the past week and highlighted short interest changes in WHA Corporation PLC, SCC.

Ke Yan, CFA, FRM

Technical Analysis - APRIL 11, 2025

President Trump's announcement to postpone the reciprocal tariff by 90 days sparked a sharp rally in global stock markets.

Krungthai XSpring

KTX Zoom: US 1Q25E Earnings Results - APRIL 11, 2025

Technically, the SET Index is expected to move in a sideways-up pattern, with the resistance levels at 1,150/1,158/1,168 points (25-day EMA) and...

Krungthai XSpring

KTX Zoom: CH and US Inflation - April 10, 2025

Technically, the SET Index is expected to rise, with the resistance at 1,122/1,137 points and the support at 1,080/1,066 points.

Krungthai XSpring

Technical Analysis - APRIL 10, 2025

The rebound in the Hang Seng and Chinese stock markets, which outperformed other regional markets, helped accelerate the SET Index's upward movement.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)