CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Four stock remains, 10 stocks added into portfolio</li>
<li>Since its inception, it has generated a before-fee total return of 187% versus the MSCI Asia ex Japan of 78%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Four stock remains, 10 stocks added into portfolio
Since its inception, it has generated a before-fee total return of 187% versus the MSCI Asia ex Japan of 78%


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.

Equity Bottom-Up

<ul><li>PTTEP is a cyclical play whose share price has a strong correlation with crude oil prices at 80%.</li><li>The tensions in the Middle East could pose significant risks to oil supply and the share price should the situation escalate into a regional war.</li><li>Our valuation metrics suggest that the stock is attractive in terms of the current valuation, amid flat EPS growth in 2024- 26E, with limited upside in regard to the tactical risk.</li></ul>

PTTEP is a cyclical play whose share price has a strong correlation with crude oil prices at 80%.The tensions in the Middle East could pose significant risks to oil supply and the share price should the situation escalate into a regional war.Our valuation metrics suggest that the stock is attractive in terms of the current valuation, amid flat EPS growth in 2024- 26E, with limited upside in regard to the tactical risk.

Ptt Exploration and Production -In-Line NP in 1Q24 and Stronger Momentum in 2Q24E

<ul>
<li>We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Two stocks remain, 12 stocks added to our portfolio</li>
<li>Since its inception, the portfolio has generated a before-fee total return of 227% versus MSCI ASEAN’s 26%</li>
</ul>


We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology
Portfolio changes: Two stocks remain, 12 stocks added to our portfolio
Since its inception, the portfolio has generated a before-fee total return of 227% versus MSCI ASEAN’s 26%


<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stock remains, nine stocks added to our portfolio</li>
<li>Since its inception, it has generated a before-fee total return of 188% versus the MSCI Asia ex Japan of 68%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Five stock remains, nine stocks added to our portfolio
Since its inception, it has generated a before-fee total return of 188% versus the MSCI Asia ex Japan of 68%


<ul><li>The tensions between Hamas and Israel in Gaza have intensified due to Iran's involvement, raising global concerns that the situation could escalate into a regional war.</li><li>Israel's insistence on retaliating against Iran has heightened these tensions, which could lead to disruptions in oil supply, potentially persisting until 2H24E.</li><li>This could pose upside risk to oil prices, albeit limited, given the fragility of global economic growth and oil demand. </li></ul>

The tensions between Hamas and Israel in Gaza have intensified due to Iran's involvement, raising global concerns that the situation could escalate into a regional war.Israel's insistence on retaliating against Iran has heightened these tensions, which could lead to disruptions in oil supply, potentially persisting until 2H24E.This could pose upside risk to oil prices, albeit limited, given the fragility of global economic growth and oil demand. 

Energy (Oil) - Tensions in the Middle East May Intensify - APRIL 17, 2024

Thailand

PTT Exploration and Production Public Company Limited explores for crude oil and natural gas, develops fields for production, and produces oil and natural gas. The Company is a subsidiary of the Petroleum Authority of Thailand.

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PTT E&P (PTTEP TB)

The Stocks to Own in Asia – Vol. 45

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Four stock remains, 10 stocks added.

A. Stotz Investment Research

Ptt Exploration and Production -In-Line NP in 1Q24 and Stronger Momentum in 2Q24E

The tensions in the Middle East could pose significant risks to oil supply and the share price should the situation escalate into a regional war.

Krungthai XSpring

The Stocks to Own in ASEAN – Vol. 46

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Since its inception, the portfolio has generated a before...

A. Stotz Investment Research

The Stocks to Own in Asia – Vol. 44

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stock remains, nine stocks added...

A. Stotz Investment Research

Energy (Oil) - Tensions in the Middle East May Intensify - APRIL 17, 2024

The tensions between Hamas and Israel in Gaza have intensified due to Iran's involvement, raising global concerns that the situation could escalate...

Krungthai XSpring

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