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 Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Seven stocks remain, seven new join the fray</li>
<li>Since inception, it has gained 104% versus the SET 100 Index’s return of 21%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Seven stocks remain, seven new join the fray
Since inception, it has gained 104% versus the SET 100 Index’s return of 21%


The Stocks to Own in Thailand – Vol. 43

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 21st. 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 Gulf Energy Development, TMBThanachart Bank, KCE Electronics, Bumrungrad Hospital, Central Pattana, Gulf Energy Development, TMBThanachart Bank, Bumrungrad Hospital, Kce Electronics.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 21st. 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 Gulf Energy Development, TMBThanachart Bank, KCE Electronics, Bumrungrad Hospital, Central Pattana, Gulf Energy Development, TMBThanachart Bank, Bumrungrad Hospital, Kce Electronics.


Thailand Short Interest Weekly (Aug 21st): Gulf Energy Development, TMBThanachart Bank

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.

Cross Asset Strategy

<ul><li>KTX expects US inflation to have bottomed out in June 2023, with a YoY increase of +3.0%.</li><li>The expected fall of Thai headline inflation and core inflation below the target range of 1-3% will alleviate the pressure on the MPC to raise interest rates in the next meeting on September 27, 2023.</li><li>Given the current circumstances, we anticipate the SET Index to undergo a further correction this week.</li></ul>

KTX expects US inflation to have bottomed out in June 2023, with a YoY increase of +3.0%.The expected fall of Thai headline inflation and core inflation below the target range of 1-3% will alleviate the pressure on the MPC to raise interest rates in the next meeting on September 27, 2023.Given the current circumstances, we anticipate the SET Index to undergo a further correction this week.

Index to Correct Further but Not at the Buy-Back Point Yet

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 14th. We estimate that they had an aggregated short interest worth USD3.2bn.</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 TMBThanachart Bank, Advanced Info Service, THAI AIRWAYS INTERNATIONAL, PTT Oil and Retail, Thai Oil, Advanced Info Service, TMBThanachart Bank, Thai Oil, PTT Oil&amp;Retail.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 14th. We estimate that they had an aggregated short interest worth USD3.2bn.
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 TMBThanachart Bank, Advanced Info Service, THAI AIRWAYS INTERNATIONAL, PTT Oil and Retail, Thai Oil, Advanced Info Service, TMBThanachart Bank, Thai Oil, PTT Oil&amp;Retail.


Thailand Short Interest Weekly (Aug 14th): TMBThanachart Bank, Advanced Info Service, Thai Oil

<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

Thailand

Bangkok Expressway and Metro Public Company Limited (BEM) is a Thai public transportation company that constructs, operates, and manages expressways and rapid rail transit systems. It operates multiple metro lines and expressways in Bangkok, and also engages in commercial development activities such as retail space rental and advertising within its transportation networks. The company is headquartered in Bangkok, Thailand, and was founded in 1998, with the current entity formed by a merger in 2015.

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Bangkok Expressway and Metro (BEM TB)

The Stocks to Own in Thailand – Vol. 43

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

A. Stotz Investment Research

Thailand Short Interest Weekly (Aug 21st): Gulf Energy Development, TMBThanachart Bank

We analyzed SET short interest report for the past week and highlighted short interest changes in Gulf Energy Development (GULF TB), TMBThanachart...

Ke Yan, CFA, FRM

Index to Correct Further but Not at the Buy-Back Point Yet

KTX expects US inflation to have bottomed out in June 2023, with a YoY increase of +3.0%. The expected fall of Thai headline inflation and core...

Krungthai XSpring

Thailand Short Interest Weekly (Aug 14th): TMBThanachart Bank, Advanced Info Service, Thai Oil

We analyzed SET short interest report for the past week and highlighted short interest changes in TMBThanachart Bank (TTB TB), Advanced Info...

Ke Yan, CFA, FRM

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)