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>We suggest divesting RATCH as it has fallen below our ranking threshold. The stock generated a holding period return of +2.2%.</li></ul>

We suggest divesting RATCH as it has fallen below our ranking threshold. The stock generated a holding period return of +2.2%.

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

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points.</li><li>The market is still waiting for a breakout signal from the index in the short term after it continued to fluctuate sideways in the range of 1,320-1,332 points for the eighth day.</li><li>It is currently being determined whether the index will move in an upward direction (W-shape) to 1,346/1,362 points or reverse to a downward direction (M-shape) to 1,292 points.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points.The market is still waiting for a breakout signal from the index in the short term after it continued to fluctuate sideways in the range of 1,320-1,332 points for the eighth day.It is currently being determined whether the index will move in an upward direction (W-shape) to 1,346/1,362 points or reverse to a downward direction (M-shape) to 1,292 points.

Keep a Close Watch on Thai Banks' Earnings

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The June 2024 index changes for Thailand's SET 50 index were announced after market close yesterday (17th June 2024).</li>
<li>Initially we <a href="https://www.smartkarma.com/insights/quiddity-leaderboard-set50-jun-24-3-changes-likely-banpu-still-not-safe-from-deletion" target="_blank" rel="noopener">expected only three changes</a> but after the index methodology was revised in May 2024, we <a href="https://www.smartkarma.com/insights/quiddity-leaderboard-set50-jun-24-banpu-vs-sawad-has-to-be-monitored-closely" target="_blank" rel="noopener">revised our expectations</a> and we had 4 expected ADDs/DELs.</li>
<li>All 4 expected ADDs/DELs turned out to correct. In this insight, we take a look at our estimation of expected flows and potential trade ideas based on the flow dynamics.</li>
</ul>


The June 2024 index changes for Thailand's SET 50 index were announced after market close yesterday (17th June 2024).
Initially we expected only three changes but after the index methodology was revised in May 2024, we revised our expectations and we had 4 expected ADDs/DELs.
All 4 expected ADDs/DELs turned out to correct. In this insight, we take a look at our estimation of expected flows and potential trade ideas based on the flow dynamics.


Quiddity SET 50 Jun 24 Rebal: 4 Changes Confirmed; LONGs up 5.2% Vs SHORTs in a Month

<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 during the index rebal event in June 2024.</li>
<li>Although 80% of the 3-month reference period is now complete, it is still possible for the rankings to change.</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 during the index rebal event in June 2024.
Although 80% of the 3-month reference period is now complete, it is still possible for the rankings to change.


Quiddity Leaderboard SET50 Jun 24: BANPU Vs SAWAD Has to Be Monitored Closely

<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 during the index rebal event in June 2024.</li>
<li>With roughly half of the 3-month reference period now complete, I see three changes for the SET 50 index but one of those names is still close to the border.</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 during the index rebal event in June 2024.
With roughly half of the 3-month reference period now complete, I see three changes for the SET 50 index but one of those names is still close to the border.


Quiddity Leaderboard SET50 Jun 24: 3 Changes Likely; Banpu Still Not Safe from Deletion

Thailand

Ratch Group is a leading investment holding company primarily focused on electricity generation and energy businesses. The company's portfolio includes fossil-fuel-based, renewable energy, and battery energy storage projects across Thailand, ASEAN, and Australia. It also invests in infrastructure and electricity-related businesses, such as maintenance and operation services, fuel supply, and energy innovation. Headquartered in Nonthaburi, Thailand, the company was established on March 7, 2000.

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Ratch Group (RATCH TB)

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

We suggest divesting RATCH as it has fallen below our ranking threshold. The stock generated a holding period return of +2.2%.

Krungthai XSpring

Keep a Close Watch on Thai Banks' Earnings

Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points. The...

Krungthai XSpring

Quiddity SET 50 Jun 24 Rebal: 4 Changes Confirmed; LONGs up 5.2% Vs SHORTs in a Month

Our sector-neutral trade ideas have generated a long-short return of 5.2% in a month which was significantly better than being LONG 4 Expected ADDs...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard SET50 Jun 24: BANPU Vs SAWAD Has to Be Monitored Closely

After considering the recent methodology changes (relaxing the liquidity criteria), we believe BJC will be added in June 2024 and that could cause...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard SET50 Jun 24: 3 Changes Likely; Banpu Still Not Safe from Deletion

Srisawad is currently an expected DEL. However, the gap between 51st-ranked Srisawad and 50th-ranked Banpu is very small and it is still possible...

Janaghan Jeyakumar, CFA

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