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 28th.We estimate that they had an aggregated short interest worth USD0.8bn.</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 CP AXTRA NVDR, Thai Oil, Central Pattana, Indorama Ventures, PTT E&amp;P, Airports of Thailand, Kasikornbank, Bangkok Bank, CP ALL.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 28th.We estimate that they had an aggregated short interest worth USD0.8bn.
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 CP AXTRA NVDR, Thai Oil, Central Pattana, Indorama Ventures, PTT E&amp;P, Airports of Thailand, Kasikornbank, Bangkok Bank, CP ALL.


Thailand Short Interest Weekly (Mar 28th): CP AXTRA, Thai Oil, Central Pattana, Indorama Ventures

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 21st.We estimate that they had an aggregated short interest worth USD2.0bn.</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 PTT, SCC, Krung Thai Bank, True, Srisawad.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 21st.We estimate that they had an aggregated short interest worth USD2.0bn.
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 PTT, SCC, Krung Thai Bank, True, Srisawad.


Thailand Short Interest Weekly (Mar 21st): PTT, SCC, Krung Thai Bank, True, Srisawad

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 move sideways, with the support levels at 1,170/1,165 points and the resistance at 1,182 (10-day EMA)/1,195 points.</li><li>In the medium term, the index remains in a downtrend following a zig-zag down pattern as it searches for the bottom within the range of 1,100-1,506 points.</li><li>In the short term, the index remains in a downtrend, continuously making new lows with intermittent technical rebounds.</li></ul>

Technically, the SET Index is expected to move sideways, with the support levels at 1,170/1,165 points and the resistance at 1,182 (10-day EMA)/1,195 points.In the medium term, the index remains in a downtrend following a zig-zag down pattern as it searches for the bottom within the range of 1,100-1,506 points.In the short term, the index remains in a downtrend, continuously making new lows with intermittent technical rebounds.

KTX Zoom: US FOMC Meeting & BoJ Meeting - March 19, 2025

<ul><li>The SET Index is expected to move sideways, with the support levels at 1,165/1,158 points and the resistance levels at 1,182 (10-day EMA)/1,195 points.</li><li>The mid-term outlook remains in a downtrend with a zig-zag down pattern, with the index searching for the bottom within the 1,100-1,506-point range.</li><li>In the short term, the market continues in a downward trend, forming new lows while experiencing technical rebounds.</li></ul>

The SET Index is expected to move sideways, with the support levels at 1,165/1,158 points and the resistance levels at 1,182 (10-day EMA)/1,195 points.The mid-term outlook remains in a downtrend with a zig-zag down pattern, with the index searching for the bottom within the 1,100-1,506-point range.In the short term, the market continues in a downward trend, forming new lows while experiencing technical rebounds.

KTX Zoom - EU Economic Sentiment & US Housing Starts: MARCH 18, 2025

<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. 

Thailand

Airports of Thailand Public Company Ltd. operates the Bangkok International Airport (Don Muang) and the New Bangkok International Airport (Suvarnabhumi).. The Company also operates provincial airports in Chiang Mai, Chiang Rai, Hat Yai, and Phuket.

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Airports of Thailand (AOT TB)

Thailand Short Interest Weekly (Mar 28th): CP AXTRA, Thai Oil, Central Pattana, Indorama Ventures

We analyzed SET short interest report for the past week and highlighted short interest changes in CP AXTRA NVDR, Thai Oil, Central Pattana,...

Ke Yan, CFA, FRM

Thailand Short Interest Weekly (Mar 21st): PTT, SCC, Krung Thai Bank, True, Srisawad

We analyzed SET short interest report for the past week and highlighted short interest changes in PTT, SCC, Krung Thai Bank, True, Srisawad.

Ke Yan, CFA, FRM

KTX Zoom: US FOMC Meeting & BoJ Meeting - March 19, 2025

Technically, the SET Index is expected to move sideways, with the support levels at 1,170/1,165 points and the resistance at 1,182 (10-day EMA)...

Krungthai XSpring

KTX Zoom - EU Economic Sentiment & US Housing Starts: MARCH 18, 2025

The SET Index is expected to move sideways, with the support levels at 1,165/1,158 points and the resistance levels at 1,182 (10-day EMA)/1,195...

Krungthai XSpring

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

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52-week Range

Market Cap (USDm)

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