Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Equity Derivatives

<ul><li>Uncertainty about the impact of tariffs on the company profits and production line.</li><li>Hedge through long outright puts or put spread                                      </li><li>Benefit: Limited risk by investing premium</li></ul>

Uncertainty about the impact of tariffs on the company profits and production line.Hedge through long outright puts or put spread                                      Benefit: Limited risk by investing premium

Hedge Long TOYOTA (7203 JP) With OPTIONS!

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>We recommend reducing DRs linked to Japanese equities, including TOYOTA80 and MITSU19, with total investment returns of +10.3% and -1.0%, respectively.</li><li>The underlying securities in the portfolio continue to rise, with an average return of +0.16%.</li><li>Our study through the KTX USDTHB Carry Trade model indicates that the Thai baht has weakened slightly from its previous fair value level.</li></ul>

We recommend reducing DRs linked to Japanese equities, including TOYOTA80 and MITSU19, with total investment returns of +10.3% and -1.0%, respectively.The underlying securities in the portfolio continue to rise, with an average return of +0.16%.Our study through the KTX USDTHB Carry Trade model indicates that the Thai baht has weakened slightly from its previous fair value level.

<ul><li>The DR/DRx investment portfolio initiated positions in TOYOTA80 and UOB19, which are based on the underlying securities of TOYOTA MOTOR CORP on the Japanese stock exchange and UNITED OVERSEAS BANK LTD on the Singapore stock exchange.</li><li>The average price of the underlying securities in the portfolio rose by 0.43%, supported by a more positive global equity market outlook following a softer stance on tariffs by the US.</li><li>Our study using the KTX USDTHB Carry Trade model indicates that the Thai baht has begun to appreciate from previously undervalued levels.</li></ul>

The DR/DRx investment portfolio initiated positions in TOYOTA80 and UOB19, which are based on the underlying securities of TOYOTA MOTOR CORP on the Japanese stock exchange and UNITED OVERSEAS BANK LTD on the Singapore stock exchange.The average price of the underlying securities in the portfolio rose by 0.43%, supported by a more positive global equity market outlook following a softer stance on tariffs by the US.Our study using the KTX USDTHB Carry Trade model indicates that the Thai baht has begun to appreciate from previously undervalued levels.

KTX Tactical DR / DRX Picks - 23 April 2025 (Eng.)

<ul><li>Technically, the SET Index is expected to increase, with the resistance at 1,398/1,405 points and the support at 1,380/1,370 points, based on the recovery pattern after it formed an upward gap for a second day.</li><li>The short-term target is 1,430 points.</li><li>The SET Index is anticipated to experience a further rebound this week, driven by several factors.</li></ul>

Technically, the SET Index is expected to increase, with the resistance at 1,398/1,405 points and the support at 1,380/1,370 points, based on the recovery pattern after it formed an upward gap for a second day.The short-term target is 1,430 points.The SET Index is anticipated to experience a further rebound this week, driven by several factors.

Japan

Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.

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Toyota Motor (7203 JP)

Hedge Long TOYOTA (7203 JP) With OPTIONS!

Uncertainty about the impact of tariffs on the company profits and production line. Hedge through long outright puts or put spread Benefit:...

Vantage Capital Markets Japan

KTX Tactical DR / DRX Picks

We recommend reducing DRs linked to Japanese equities, including TOYOTA80 and MITSU19, with total investment returns of +10.3% and -1.0%,...

Krungthai XSpring

KTX Tactical DR / DRX Picks - 23 April 2025 (Eng.)

The DR/DRx investment portfolio initiated positions in TOYOTA80 and UOB19, which are based on the underlying securities of TOYOTA MOTOR CORP on...

Krungthai XSpring

Risk in the SET Is Worth the Reward

Technically, the SET Index is expected to increase, with the resistance at 1,398/1,405 points and the support at 1,380/1,370 points, based on the...

Krungthai XSpring

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52-week Range

Market Cap (USDm)

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