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>The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.</li><li>Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.</li><li>Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.</li></ul>

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.

<ul><li>Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to recover.</li><li>This recovery boosted SCC, IVL, and PTTGC, driving their gains.</li><li>The market also responded positively to the Thai ESGX fund, which contributed to the SET’s afternoon rebound after hitting a new low in the morning.</li></ul>

Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to recover.This recovery boosted SCC, IVL, and PTTGC, driving their gains.The market also responded positively to the Thai ESGX fund, which contributed to the SET’s afternoon rebound after hitting a new low in the morning.

<ul><li>Asian bourses showed a mixed performance, with Hong Kong’s market leading the decline due to China’s CPI contraction.</li><li>Meanwhile, the SET experienced a sharp plunge, hindered by a lack of positive catalysts and heavy selling pressure on blue-chip stocks.</li><li>Notably, stocks tied to China, such as SCC, IVL, and PTTGC, along with other heavyweights like DELTA, ADVANC, PTT, and CPALL, were hit hard.</li></ul>

Asian bourses showed a mixed performance, with Hong Kong’s market leading the decline due to China’s CPI contraction.Meanwhile, the SET experienced a sharp plunge, hindered by a lack of positive catalysts and heavy selling pressure on blue-chip stocks.Notably, stocks tied to China, such as SCC, IVL, and PTTGC, along with other heavyweights like DELTA, ADVANC, PTT, and CPALL, were hit hard.

<ul><li>Most Asian stock markets declined amid concerns over uncertainty surrounding Trump’s tax policies and the ongoing US-China trade war.</li><li>However, the SET bucked the trend, rising despite a lack of new positive factors.</li><li>Buying interest flowed into stocks such as DELTA, SCC, IVL, PTTGC, along with power plant and finance stocks.</li></ul>

Most Asian stock markets declined amid concerns over uncertainty surrounding Trump’s tax policies and the ongoing US-China trade war.However, the SET bucked the trend, rising despite a lack of new positive factors.Buying interest flowed into stocks such as DELTA, SCC, IVL, PTTGC, along with power plant and finance stocks.

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 Dec 27th.We estimate that they had an aggregated short interest worth USD2.1bn.</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 Bangchak, Gulf Energy Development.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Dec 27th.We estimate that they had an aggregated short interest worth USD2.1bn.
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 Bangchak, Gulf Energy Development.


Thailand Short Interest Weekly (Dec 27th): Bangchak, Gulf Energy Development

Thailand

Central Retail Corp Ltd operates general merchandise stores. The Company offers electronics, sports, stationery, home improvement, and office products. Central Retail serves customers in Thailand.

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Central Retail Corp Ltd (CRC TB)

Technical Analysis - MARCH 13, 2025

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.

Krungthai XSpring

Technical Analysis - March 12, 2025

Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to...

Krungthai XSpring

Technical Analysis - March 11, 2025

Asian bourses showed a mixed performance, with Hong Kong’s market leading the decline due to China’s CPI contraction. Meanwhile, the SET...

Krungthai XSpring

Technical Analysis - MARCH 10, 2025

Most Asian stock markets declined amid concerns over uncertainty surrounding Trump’s tax policies and the ongoing US-China trade war.

Krungthai XSpring

Thailand Short Interest Weekly (Dec 27th): Bangchak, Gulf Energy Development

We analyzed SET short interest report for the past week and highlighted short interest changes in Bangchak, Gulf Energy Development.

Ke Yan, CFA, FRM

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52-week Range

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