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, we expect the SET Index to move sideways up, with the resistance at 1,409 points (75-day EMA/1,416 points) and the support at 1,390 points/1,387 points (25-day EMA).</li><li>The index is still moving in an upward direction, having continued to hit higher highs and higher lows for the fourth consecutive day and successfully breaching the 25-day and 50-day short-term moving averages.</li><li>The target is to test the previous resistance at 1,416 /1,438 points, respectively.</li></ul>

Technically, we expect the SET Index to move sideways up, with the resistance at 1,409 points (75-day EMA/1,416 points) and the support at 1,390 points/1,387 points (25-day EMA).The index is still moving in an upward direction, having continued to hit higher highs and higher lows for the fourth consecutive day and successfully breaching the 25-day and 50-day short-term moving averages.The target is to test the previous resistance at 1,416 /1,438 points, respectively.

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Macroeconomics

<ul>
<li>Thailand has finally had Mr. Sretha Thavisin as the 30th Prime Minister (PM) of Thailand on 22-August.</li>
<li>The PTP decided to betray its voters to cross  the aisle to join the conservative side.</li>
<li>We believe the potential surge in the Thai stock performance should be the time to de-risk.</li>
</ul>


Thailand has finally had Mr. Sretha Thavisin as the 30th Prime Minister (PM) of Thailand on 22-August.
The PTP decided to betray its voters to cross  the aisle to join the conservative side.
We believe the potential surge in the Thai stock performance should be the time to de-risk.


Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 7th. We estimate that they had an aggregated short interest worth USD3.1bn.</li>
<li>We tabulate league tables 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 Delta Electronics, SCC, Gulf Energy Development, CP ALL, PTT E&amp;P, Delta Electronics, PTT E&amp;P, CP ALL, Gulf Energy Development, Scc.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 7th. We estimate that they had an aggregated short interest worth USD3.1bn.
We tabulate league tables 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 Delta Electronics, SCC, Gulf Energy Development, CP ALL, PTT E&amp;P, Delta Electronics, PTT E&amp;P, CP ALL, Gulf Energy Development, Scc.


Thailand Short Interest Weekly (Aug 7th): Delta Electronics, SCC, Gulf Energy Development, CP ALL

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Jul 31st. We estimate that they had an aggregated short interest worth USD3.3bn.</li>
<li>We tabulate league tables 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 TISCO Financial, Kiatnakin Phatra Bank, Thanachart Capital, Krungthai Card, Home Product Center, Kiatnakin Phatra Bank, Tisco Financial, Thanachart Capital, Home Product Center, Krungthai Card.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Jul 31st. We estimate that they had an aggregated short interest worth USD3.3bn.
We tabulate league tables 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 TISCO Financial, Kiatnakin Phatra Bank, Thanachart Capital, Krungthai Card, Home Product Center, Kiatnakin Phatra Bank, Tisco Financial, Thanachart Capital, Home Product Center, Krungthai Card.


Thailand Short Interest Weekly (Jul 31st): TISCO Financial, Kiatnakin Phatra Bank, Krungthai Card

<ul><li>We suggest selling JMART after we recommended buying it yesterday because the stock has fallen out of our top rankings (with the return at +0.51%).</li><li>However, long-term investors may continue holding it, with the loss-stopping point at Bt48.00.</li><li>We add KKP to the portfolio, as the stock is likely to offer a YoY increase in the dividend payment for its1H22performance, which will be made in September, after it reported 1H22 earnings of Bt4,089mn, +45.1% YoY.</li></ul>

We suggest selling JMART after we recommended buying it yesterday because the stock has fallen out of our top rankings (with the return at +0.51%).However, long-term investors may continue holding it, with the loss-stopping point at Bt48.00.We add KKP to the portfolio, as the stock is likely to offer a YoY increase in the dividend payment for its1H22performance, which will be made in September, after it reported 1H22 earnings of Bt4,089mn, +45.1% YoY.

Thailand

Asset World Corporation invests in, develops, and manages real estate properties in Thailand, focusing on hospitality, lifestyle destinations, and commercial workspaces. The company operates through two segments: Hotel and Related Services, and Rental and Rendering of Commercial Building Services. It develops and owns hotels, community shopping malls, and mixed-use properties. Headquartered in Bangkok, Thailand, the company was founded in 2009.

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Asset World Corporation (AWC TB)

KTX Zoom - Feb 8, 0224

Technically, we expect the SET Index to move sideways up, with the resistance at 1,409 points (75-day EMA/1,416 points) and the support at 1,390...

Krungthai XSpring

Thailand : The Empire Strikes Back

Thai politics entered an uncharted territory where many voters view the current coalition as a betrayal of their trust and we believe the surge in...

Bondcritic

Thailand Short Interest Weekly (Aug 7th): Delta Electronics, SCC, Gulf Energy Development, CP ALL

We analyzed SET short interest report for the past week and highlighted short interest changes in Delta Electronics (DELTA TB), SCC (SCC TB), Gulf...

Ke Yan, CFA, FRM

Thailand Short Interest Weekly (Jul 31st): TISCO Financial, Kiatnakin Phatra Bank, Krungthai Card

We analyzed SET short interest report for the past week and highlighted short interest changes in TISCO Financial (TISCO TB), Kiatnakin Phatra Bank...

Ke Yan, CFA, FRM

Big Cap Tactical Picks - August 9, 2022

We suggest selling JMART after we recommended buying it yesterday because the stock has fallen out of our top rankings (with the return at +0.51%).

Krungthai XSpring

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