Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Equity Bottom-Up

Contemporary Amperex Technology (CATL) / Equity Bottom-Up

<ul>
<li>Change in earnings estimate directions, especially when estimates start increasing after a long period of decline, are what we call "inflections". These, we believe, are the strongest share price catalysts. </li>
<li>We identify nine market-sectors across Asia ex Japan exhibiting upward earnings inflections. Four are from financials, two from telecoms and one each from utilities, consumer durables and industrials.</li>
<li>These market-sectors are from HK/China (3), Korea (1), ASEAN (5). Financials' domination indicates that a broader Asian macroeconomic recovery could be under way. Eight companies are primarily driving the upgrades.</li>
</ul>


Change in earnings estimate directions, especially when estimates start increasing after a long period of decline, are what we call "inflections". These, we believe, are the strongest share price catalysts. 
We identify nine market-sectors across Asia ex Japan exhibiting upward earnings inflections. Four are from financials, two from telecoms and one each from utilities, consumer durables and industrials.
These market-sectors are from HK/China (3), Korea (1), ASEAN (5). Financials' domination indicates that a broader Asian macroeconomic recovery could be under way. Eight companies are primarily driving the upgrades.


Asian Equities: Keep an Eye on These Earnings Inflections

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>Technically, the SET Index is expected to fluctuate within the support range of 1,173/1,160 points and the resistance at 1,185/1,195 points.</li><li>Key events to watch include the Fed meeting on March 18-19, where the consensus expects no change in the policy rate.</li><li>Market participants should also monitor the Fed's statements for insights into the future interest rate direction and the US economic outlook, along with expectations for China's economic stimulus measures. </li></ul>

Technically, the SET Index is expected to fluctuate within the support range of 1,173/1,160 points and the resistance at 1,185/1,195 points.Key events to watch include the Fed meeting on March 18-19, where the consensus expects no change in the policy rate.Market participants should also monitor the Fed's statements for insights into the future interest rate direction and the US economic outlook, along with expectations for China's economic stimulus measures. 

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 Mar 14th.We estimate that they had an aggregated short interest worth USD1.9bn.</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 Advanced Info Service, Carabao.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 14th.We estimate that they had an aggregated short interest worth USD1.9bn.
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 Advanced Info Service, Carabao.


Thailand Short Interest Weekly (Mar 14th): Advanced Info Service, Carabao

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,150/1,140 points and the resistance at 1,168/1,173 points.</li><li>In the medium term, the index remains in a zig-zag down trend, searching for the bottom within the 1,100-1,506-point range.</li><li>In the short term, the index is still in a downtrend, making new lows with intermittent technical rebounds. </li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,150/1,140 points and the resistance at 1,168/1,173 points.In the medium term, the index remains in a zig-zag down trend, searching for the bottom within the 1,100-1,506-point range.In the short term, the index is still in a downtrend, making new lows with intermittent technical rebounds. 

KTX Zoom - US University of Michigan Consumer Sentiment Index

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.

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Six stocks remain, eight new join the fray</li>
<li>Since inception, it has gained 91% versus the SET 100 Index’s return of 7%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Six stocks remain, eight new join the fray
Since inception, it has gained 91% versus the SET 100 Index’s return of 7%


The Stocks to Own in Thailand – Vol. 48

Thailand

Advanced Info Service Public Company Limited is granted a 25-year concession expiring the year 2015 by the Telephone Organization of Thailand to provide cellular phone services.  The Company provides analog mobile phone services through the Nordic Mobile Telephone (NMT900) network, and digital phone services through the Global Systems for Mobile Communication (GSM) network.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Advanced Info Service (ADVANC TB)

Asian Equities: Keep an Eye on These Earnings Inflections

Earnings inflections, ie EPS est rising after long period of decline, are selectively underway in Asia. We identify 9 market-sectors - 3 from HK...

Manishi Raychaudhuri

KTX Zoom: MARCH 17, 2025

Technically, the SET Index is expected to fluctuate within the support range of 1,173/1,160 points and the resistance at 1,185/1,195 points.

Krungthai XSpring

Thailand Short Interest Weekly (Mar 14th): Advanced Info Service, Carabao

We analyzed SET short interest report for the past week and highlighted short interest changes in Advanced Info Service, Carabao.

Ke Yan, CFA, FRM

KTX Zoom - US University of Michigan Consumer Sentiment Index

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,150/1,140 points and the resistance at 1,168/1,173...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 48

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Six stocks remain, eight new join...

A. Stotz Investment Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asian Equities: Keep an Eye on These Earnings Inflections

​Earnings inflections, ie EPS est rising after long period of decline, are selectively underway in Asia. We identify 9 market-sectors - 3 from HK...

Manishi Raychaudhuri

KTX Zoom: MARCH 17, 2025

Technically, the SET Index is expected to fluctuate within the support range of 1,173/1,160 points and the resistance at 1,185/1,195 points.

Krungthai XSpring

Thailand Short Interest Weekly (Mar 14th): Advanced Info Service, Carabao

We analyzed SET short interest report for the past week and highlighted short interest changes in Advanced Info Service, Carabao.

Ke Yan, CFA, FRM

KTX Zoom - US University of Michigan Consumer Sentiment Index

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,150/1,140 points and the resistance at 1,168/1,173...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 48

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Six stocks remain, eight new join...

A. Stotz Investment Research

Earnings inflections, ie EPS est rising after long period of decline, are selectively underway in Asia. We identify 9 market-sectors - 3 from HK...