CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: five stocks remain, nine new join the fray</li>
<li>Since inception, it has gained 141% versus the SET 100 Index’s return of 67%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: five stocks remain, nine new join the fray
Since inception, it has gained 141% versus the SET 100 Index’s return of 67%


The Stocks to Own in Thailand – Vol. 54

Equity & Credit Research

Duncan Chan

Commodities

OSE Rubber Future Contract RSS3 / Commodities

OSE Rubber Future Contract RSS3 (JNA COMDTY)

<ul>
<li>ANRPC projects 2025 production growth of 0.3% versus demand growth of 1.8%, suggesting tighter balances may persist if demand remains supportive.</li>
<li>SHFE rubber inventories stood at 125,410 tonnes versus a long-term median of 508,990 tonnes, indicating reduced visible supply buffers.</li>
<li>Thailand accounts for roughly one-third of global production, while slower biological supply responses increase market sensitivity if demand conditions strengthen.</li>
</ul>


ANRPC projects 2025 production growth of 0.3% versus demand growth of 1.8%, suggesting tighter balances may persist if demand remains supportive.
SHFE rubber inventories stood at 125,410 tonnes versus a long-term median of 508,990 tonnes, indicating reduced visible supply buffers.
Thailand accounts for roughly one-third of global production, while slower biological supply responses increase market sensitivity if demand conditions strengthen.


Natural Rubber: Weather Disruption Underpins Supply Tightness, as Demand Weighs In

<ul>
<li>ENSO remained broadly neutral during early 2026, although probabilities of El Niño later increased, suggesting weather risk remains more forward-looking than physically visible.</li>
<li>Palm oil appears most exposed, with Malaysia and Indonesia dominating global supply and 2015–2016 El Niño contributing to 13–17% production declines and 20–30% CPO gains.</li>
<li>Natural rubber follows because Thailand accounts for roughly one-third of global production, while late-2025 flooding affected 656,000 hectares and reduced supply flexibility.</li>
</ul>


ENSO remained broadly neutral during early 2026, although probabilities of El Niño later increased, suggesting weather risk remains more forward-looking than physically visible.
Palm oil appears most exposed, with Malaysia and Indonesia dominating global supply and 2015–2016 El Niño contributing to 13–17% production declines and 20–30% CPO gains.
Natural rubber follows because Thailand accounts for roughly one-third of global production, while late-2025 flooding affected 656,000 hectares and reduced supply flexibility.


El Niño / La Niña: Which ASEAN Commodities Have The Smallest Buffers?

Rubber News Specialist, Helixtap

Vinod Nedumudy

Rubber News Specialist

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

<ul><li>Bridgestone reshapes carbon black strategy with Tokai Carbon  </li><li>Hanwa invests in Thai tyre pyrolysis venture  </li><li>Sri Trang bets on AI and workforce upskilling</li></ul>

Bridgestone reshapes carbon black strategy with Tokai Carbon  Hanwa invests in Thai tyre pyrolysis venture  Sri Trang bets on AI and workforce upskilling

Deals, Recycling, Research And AI Power Thailand’s Rubber Shift

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Three stocks remain, 11 new join the fray</li>
<li>Since inception, it has gained 73% versus the SET 100 Index’s return of 10%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Three stocks remain, 11 new join the fray
Since inception, it has gained 73% versus the SET 100 Index’s return of 10%


The Stocks to Own in Thailand – Vol. 49

Thailand

Sri Trang Agro-Industry is an integrated producer and distributor of natural rubber, manufacturing products such as ribbed smoked sheets, concentrated latex, and block rubber. The company also produces natural rubber gloves and provides engineering, logistics, and IT services, with operations spanning rubber plantations and processing. Sri Trang Agro-Industry was established on June 21, 1987, and is headquartered in Songkhla, Thailand.

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Sri Trang Agro-Industry (STA TB)

The Stocks to Own in Thailand – Vol. 54

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: five stocks remain, nine new join...

A. Stotz Investment Research

Natural Rubber: Weather Disruption Underpins Supply Tightness, as Demand Weighs In

Weather may initiate supply tightening, but lower inventories and downstream demand determine whether tighter rubber conditions become investable.

Duncan Chan

El Niño / La Niña: Which ASEAN Commodities Have The Smallest Buffers?

Weather risk alone is not investable; palm oil and rubber matter because ASEAN supply buffers are thinner and transmission can show up in...

Duncan Chan

Deals, Recycling, Research And AI Power Thailand’s Rubber Shift

Thailand’s rubber and tire sectors— the backbone of the world’s largest natural rubber-producing nation—are undergoing a noticeable...

Helixtap

The Stocks to Own in Thailand – Vol. 49

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Three stocks remain, 11 new join...

A. Stotz Investment Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Stocks to Own in Thailand – Vol. 54

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: five stocks remain, nine new join...

A. Stotz Investment Research

Natural Rubber: Weather Disruption Underpins Supply Tightness, as Demand Weighs In

Weather may initiate supply tightening, but lower inventories and downstream demand determine whether tighter rubber conditions become investable.

Duncan Chan

El Niño / La Niña: Which ASEAN Commodities Have The Smallest Buffers?

Weather risk alone is not investable; palm oil and rubber matter because ASEAN supply buffers are thinner and transmission can show up in...

Duncan Chan

Deals, Recycling, Research And AI Power Thailand’s Rubber Shift

​​​​​​​Thailand’s rubber and tire sectors— the backbone of the world’s largest natural rubber-producing nation—are undergoing a noticeable...

Helixtap

The Stocks to Own in Thailand – Vol. 49

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Three stocks remain, 11 new join...

A. Stotz Investment Research

Thailand’s rubber and tire sectors— the backbone of the world’s largest natural rubber-producing nation—are undergoing a noticeable...