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.

Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,617/1,610 points.</li><li>Yesterday, foreign investors continued to be net buyers in the SET at Bt5,004.59mn, raising the cumulative buying in August to Bt29,335.42mn and the YTD buying to Bt146,686.22mn.</li><li>The BoT disclosed that the total loan growth in the Thai commercial banking system in 2Q22 continued to expand well by 6.3% YoY, with growth in the corporate loan segment at 8.0% and growth in the consumer loan segment at 3.0%.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,617/1,610 points.Yesterday, foreign investors continued to be net buyers in the SET at Bt5,004.59mn, raising the cumulative buying in August to Bt29,335.42mn and the YTD buying to Bt146,686.22mn.The BoT disclosed that the total loan growth in the Thai commercial banking system in 2Q22 continued to expand well by 6.3% YoY, with growth in the corporate loan segment at 8.0% and growth in the consumer loan segment at 3.0%.

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>A news report has indicated that SEBI is looking to tighten criteria used for inclusion and continued availability of stocks in the Futures &amp; Options (F&amp;O) segment of the market.</li>
<li>Our analysis shows 30 stocks could be deleted from the F&amp;O segment while another 12 are close to deletion zone. If applied objectively, 22 stocks could be added to F&amp;O.</li>
<li>Deletion from the F&amp;O segment could see two stocks dropped from the <a href="https://www.smartkarma.com/entities/nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">Nifty Next 50 Index</a> while inclusion in F&amp;O could see two stocks added to the <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a>.</li>
</ul>


A news report has indicated that SEBI is looking to tighten criteria used for inclusion and continued availability of stocks in the Futures &amp; Options (F&amp;O) segment of the market.
Our analysis shows 30 stocks could be deleted from the F&amp;O segment while another 12 are close to deletion zone. If applied objectively, 22 stocks could be added to F&amp;O.
Deletion from the F&amp;O segment could see two stocks dropped from the Nifty Next 50 Index while inclusion in F&amp;O could see two stocks added to the NIFTY Index.


Impact of Potential Changes to India F&O Eligibility Criteria

<ul><li>The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points.</li><li>Positive momentum is being generated by the continued buying by foreign investors on the expectation for a steady recovery of the Thai economy thanks to the anticipated increase in the number of tourist arrivals to 9-10mn in 2022E.</li><li>The MPC today is expected to hike its policy interest rate by just 0.25%, a less aggressive increase than those of central banks in developed countries, after inflation in July fell from 7.66% YoY to 7.61% YoY.</li></ul>

The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points.Positive momentum is being generated by the continued buying by foreign investors on the expectation for a steady recovery of the Thai economy thanks to the anticipated increase in the number of tourist arrivals to 9-10mn in 2022E.The MPC today is expected to hike its policy interest rate by just 0.25%, a less aggressive increase than those of central banks in developed countries, after inflation in July fell from 7.66% YoY to 7.61% YoY.

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Casino Business Review LLC

Extensive experience in marketing and development in the Asian gaming market

Global Gaming and Casinos Industry

<ul>
<li>Legal casino gaming is limited to only three of India's states, including Goa, Sikkim and Daman. But nationally US$60b is wagered legally and in grey area sites.</li>
<li>Delta's gambling ships and casinos lie within a roughly 2.5 hour flight from population centers like Mumbai and Delhi.</li>
<li>Latest operating results indicate strong gains despite lingering Omicron spurts positioning the stock for a strong upside ahead.</li>
</ul>


Legal casino gaming is limited to only three of India's states, including Goa, Sikkim and Daman. But nationally US$60b is wagered legally and in grey area sites.
Delta's gambling ships and casinos lie within a roughly 2.5 hour flight from population centers like Mumbai and Delhi.
Latest operating results indicate strong gains despite lingering Omicron spurts positioning the stock for a strong upside ahead.


India's Delta Corporation Endures Omicron with Strong Fiscal 2021-2022 in Vastly Underserved Market

<ul>
<li>Tencent, Alibaba and SoftBank have quietly placed big bets on India's online betting sector's future despite a miasma of confused gaming laws.</li>
<li>Our prior insights named India as the sleeping giant of global online gaming. Pure plays to date are few, but well priced.</li>
<li>As sports betting legalization spreads, the nation's passion for cricket wagering will grow exponentially beyond its current lone province of Sikkim.</li>
</ul>


Tencent, Alibaba and SoftBank have quietly placed big bets on India's online betting sector's future despite a miasma of confused gaming laws.
Our prior insights named India as the sleeping giant of global online gaming. Pure plays to date are few, but well priced.
As sports betting legalization spreads, the nation's passion for cricket wagering will grow exponentially beyond its current lone province of Sikkim.


India: Early Stage Bets on Online Wagering Emerging from Asian Tech Giants

India

Delta Corp Limited is a dominant Indian public company specializing in gaming and hospitality. The company operates offshore and land-based casinos under the Deltin Casinos & Hotels brand, primarily in Goa, Sikkim, and Nepal, offering live and electronic gaming. It also owns and manages luxury hotels and resorts in Goa and Daman. Headquartered in Mumbai, Maharashtra, India, Delta Corp was incorporated in 1990.

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Delta (DELTA IN)

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,630/1,640 points and the support at 1,617/1,610 points. Yesterday, foreign...

Krungthai XSpring

Impact of Potential Changes to India F&O Eligibility Criteria

News reports indicate that SEBI is looking to tighten criteria for inclusion and continued availability of stocks in the F&O segment. 30 stocks...

Brian Freitas

Market Outlook

The SET Index today is expected to move sideways up, with the resistance at 1,630/1,640 points and the support at 1,611/1,600 points. Positive...

Krungthai XSpring

India's Delta Corporation Endures Omicron with Strong Fiscal 2021-2022 in Vastly Underserved Market

Delta Corp, the only publicly listed major gaming stock in India has moved past covid declines and reopened to produce strong FY 2021-2022 results....

Howard J Klein

India: Early Stage Bets on Online Wagering Emerging from Asian Tech Giants

Tencent, Alibaba and SoftBank have quietly placed big bets on India's online betting sector's future despite a miasma of confused gaming laws. Our...

Howard J Klein

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