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 Oct 24th. We estimate that they had an aggregated short interest worth USD2.4bn.</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 Intouch, Advanced Info Service, True, Gulf Energy Development, PTT, Ptt, Advanced Info Service, True, Gulf Energy Development.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Oct 24th. We estimate that they had an aggregated short interest worth USD2.4bn.
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 Intouch, Advanced Info Service, True, Gulf Energy Development, PTT, Ptt, Advanced Info Service, True, Gulf Energy Development.


Thailand Short Interest Weekly (Oct 24th): Intouch, Advanced Info Service, True

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Oct 17th. We estimate that they had an aggregated short interest worth USD2.5bn.</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 Intouch, Plan B Media, TISCO Financial, Advanced Info Service, True, Advanced Info Service, True, Tisco Financial.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Oct 17th. We estimate that they had an aggregated short interest worth USD2.5bn.
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 Intouch, Plan B Media, TISCO Financial, Advanced Info Service, True, Advanced Info Service, True, Tisco Financial.


Thailand Short Interest Weekly (Oct 17th): Intouch, Plan B Media, TISCO Financial

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 dropped sharply after DELTA fell significantly following its inclusion under the cash balance measure, while profit-taking ahead of the long holiday added further pressure.</li><li>Trading sentiment remained subdued, reflected by light volume, and the index eventually closed 0.51% lower from the previous week.</li><li>Therefore, we view the index’s pullback as an opportunity to accumulate stocks, as it still has potential to rebound.</li></ul>

The SET dropped sharply after DELTA fell significantly following its inclusion under the cash balance measure, while profit-taking ahead of the long holiday added further pressure.Trading sentiment remained subdued, reflected by light volume, and the index eventually closed 0.51% lower from the previous week.Therefore, we view the index’s pullback as an opportunity to accumulate stocks, as it still has potential to rebound.

Krungthai XSpring Technical Eng. October 14, 2025

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Oct 10th. We estimate that they had an aggregated short interest worth USD2.4bn.</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 Intouch, PTT GlobalChem, Airports of Thailand, TMBThanachart Bank, Bangkok Bank, Airports Of Thailand, Bangkok Bank, Ptt Globalchem.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Oct 10th. We estimate that they had an aggregated short interest worth USD2.4bn.
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 Intouch, PTT GlobalChem, Airports of Thailand, TMBThanachart Bank, Bangkok Bank, Airports Of Thailand, Bangkok Bank, Ptt Globalchem.


Thailand Short Interest Weekly (Oct 10th): Intouch, PTT GlobalChem, Airports of Thailand

<ul><li>The SET Index is expected to move sideways today, with the support at 1,285/1,268 and the resistance at 1,300/1,313.</li><li>Thailand’s headline inflation fell -0.72% YoY in September, below market expectations of –0.6% YoY, marking the sixth consecutive month of decline.</li><li>The program is expected to boost 4Q25 GDP by 0.3–0.4%.</li></ul>

The SET Index is expected to move sideways today, with the support at 1,285/1,268 and the resistance at 1,300/1,313.Thailand’s headline inflation fell -0.72% YoY in September, below market expectations of –0.6% YoY, marking the sixth consecutive month of decline.The program is expected to boost 4Q25 GDP by 0.3–0.4%.

Krungthai XSpring Zoom Eng. October 7, 2025

Thailand

Delta Electronics (Thailand) PCL designs and manufactures electronic equipment. The Company produces power systems for telecommunications, medical equipment, and industrial automation.  Delta also produces fans, electromagnetic interference filters, and solenoids.

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Delta Electronics Thailand (DELTA TB)

Thailand Short Interest Weekly (Oct 24th): Intouch, Advanced Info Service, True

We analyzed SET short interest report for the past week and highlighted short interest changes in Intouch (INTUCH TB), Advanced Info Service...

Ke Yan, CFA, FRM

Thailand Short Interest Weekly (Oct 17th): Intouch, Plan B Media, TISCO Financial

We analyzed SET short interest report for the past week and highlighted short interest changes in Intouch (INTUCH TB), Plan B Media (PLANB TB),...

Ke Yan, CFA, FRM

Krungthai XSpring Technical Eng. October 14, 2025

The SET dropped sharply after DELTA fell significantly following its inclusion under the cash balance measure, while profit-taking ahead of the...

Krungthai XSpring

Thailand Short Interest Weekly (Oct 10th): Intouch, PTT GlobalChem, Airports of Thailand

We analyzed SET short interest report for the past week and highlighted short interest changes in Intouch (INTUCH TB), PTT GlobalChem (PTTGC TB),...

Ke Yan, CFA, FRM

Krungthai XSpring Zoom Eng. October 7, 2025

Thailand’s headline inflation fell -0.72% YoY in September, below market expectations of –0.6% YoY, marking the sixth consecutive month of decline.

Krungthai XSpring

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52-week Range

Market Cap (USDm)

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