Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).</li>
<li>In this insight, we take a look at the potential ADDs/DELs for SET 50 during the index rebal event in June 2025.</li>
<li>Currently, we see one expected change, but since the market cap reference period is yet to start, the rankings can fluctuate significantly before the base date.</li>
</ul>


The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).
In this insight, we take a look at the potential ADDs/DELs for SET 50 during the index rebal event in June 2025.
Currently, we see one expected change, but since the market cap reference period is yet to start, the rankings can fluctuate significantly before the base date.


Quiddity Leaderboard SET50 Jun 25: One Change Possible; Delta on Thin Ice Again

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>Technically, the SET Index is expected to weaken, with the support at 1,370/1,360 points and the resistance at 1,390/1,395 points.</li><li>We recommend selling first and waiting to buy back at the support.</li><li>If LTF redemptions exceed fund managers' projections, this can intensify selling pressure on held securities.</li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,370/1,360 points and the resistance at 1,390/1,395 points.We recommend selling first and waiting to buy back at the support.If LTF redemptions exceed fund managers' projections, this can intensify selling pressure on held securities.

Daily Market Outlook and Strategic Stock Picks

<ul>
<li>The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).</li>
<li>In this insight, we take a look at our final expected ADDs/DELs for SET 50 during the index rebal event in December 2024.</li>
<li>We see four ADDs/DELs in December 2024. While the expected DELs list remains unchanged since last month, there is a change in our expected ADDs list.</li>
</ul>


The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).
In this insight, we take a look at our final expected ADDs/DELs for SET 50 during the index rebal event in December 2024.
We see four ADDs/DELs in December 2024. While the expected DELs list remains unchanged since last month, there is a change in our expected ADDs list.


Quiddity Leaderboard SET50 Dec 24: Final Expectations; LONGs up +6% Vs SHORTs in a Month

<ul><li>We recommend cutting losses on INTUCH after the stock price dropped over 3.5% yesterday, resulting in a total return of -5.1%, exceeding the set threshold.</li><li>KTX's SET100 Tactical Picks portfolio is constructed within SET100 Index constituents.</li><li>Stocks are selected based on EPS growth and relative changes to their KTX valuations.</li></ul>

We recommend cutting losses on INTUCH after the stock price dropped over 3.5% yesterday, resulting in a total return of -5.1%, exceeding the set threshold.KTX's SET100 Tactical Picks portfolio is constructed within SET100 Index constituents.Stocks are selected based on EPS growth and relative changes to their KTX valuations.

Krungthai Xspring SET100 Tactical Picks - December 18, 2024 (Eng.)

<ul><li>INTUCH has returned to the portfolio after meeting our ranking criteria.</li><li>KTX's SET100 Tactical Picks portfolio is constructed within SET100 Index constituents.</li><li>Stocks are selected based on EPS growth and relative changes to their KTX valuations.</li></ul>

INTUCH has returned to the portfolio after meeting our ranking criteria.KTX's SET100 Tactical Picks portfolio is constructed within SET100 Index constituents.Stocks are selected based on EPS growth and relative changes to their KTX valuations.

Thailand

Intouch Holdings is a Thai investment holding company that focuses on the telecommunications, media, and technology (TMT) sectors, including digital businesses. It generates revenue primarily through dividends and share of profits from its major stakes in subsidiaries such as Advanced Info Service (AIS), Thailand's largest mobile operator, and Thaicom, Thailand's satellite operator. The company is headquartered in Bangkok, Thailand, and was founded in 1983.

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Intouch Holdings (INTUCH-R TB)

Quiddity Leaderboard SET50 Jun 25: One Change Possible; Delta on Thin Ice Again

Delta Electronics Thailand (DELTA TB) has already appeared in the Market Surveillance Measure (MSM) list during the current reference period and it...

Janaghan Jeyakumar, CFA

Daily Market Outlook and Strategic Stock Picks

Technically, the SET Index is expected to weaken, with the support at 1,370/1,360 points and the resistance at 1,390/1,395 points. We recommend...

Krungthai XSpring

Quiddity Leaderboard SET50 Dec 24: Final Expectations; LONGs up +6% Vs SHORTs in a Month

The expected ADDs have outperformed the expected DELs by 17% on average since 29th November. With the official index changes to be confirmed in the...

Janaghan Jeyakumar, CFA

Krungthai Xspring SET100 Tactical Picks - December 18, 2024 (Eng.)

We recommend cutting losses on INTUCH after the stock price dropped over 3.5% yesterday, resulting in a total return of -5.1%, exceeding the set...

Krungthai XSpring

SET100 Tactical Picks

INTUCH has returned to the portfolio after meeting our ranking criteria. KTX's SET100 Tactical Picks portfolio is constructed within SET100 Index...

Krungthai XSpring

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