Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 28th. We estimate that they had an aggregated short interest worth USD3.2bn.</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 Central Pattana, Bumrungrad Hospital, Bangkok Bank, Sri Trang Agro-Industry, Global Power Synergy, Central Pattana, Global Power Synergy, Bangkok Bank, Bumrungrad Hospital.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 28th. We estimate that they had an aggregated short interest worth USD3.2bn.
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 Central Pattana, Bumrungrad Hospital, Bangkok Bank, Sri Trang Agro-Industry, Global Power Synergy, Central Pattana, Global Power Synergy, Bangkok Bank, Bumrungrad Hospital.


Thailand Short Interest Weekly (Aug 28th): Central Pattana, Bumrungrad Hospital, Bangkok Bank

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>Technically, the SET Index is expected to move downward, with the support at 1,365/1,356 points and the resistance at 1,378/1,384 points (10-day EMA/50-day EMA).</li><li>As for the overall picture, the index is still moving within the downchannel range of 1,330-1,396 points.</li><li>Regarding the short-term picture, the index is tending to move in a downtrend direction toward testing the support of the range, with the minor support at 1,365/1,356 points, respectively. </li></ul>

Technically, the SET Index is expected to move downward, with the support at 1,365/1,356 points and the resistance at 1,378/1,384 points (10-day EMA/50-day EMA).As for the overall picture, the index is still moving within the downchannel range of 1,330-1,396 points.Regarding the short-term picture, the index is tending to move in a downtrend direction toward testing the support of the range, with the minor support at 1,365/1,356 points, respectively. 

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.

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Six stocks remain, eight new join the fray</li>
<li>Since inception, it has gained 118% versus the SET 100 Index’s return of 23%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Six stocks remain, eight new join the fray
Since inception, it has gained 118% versus the SET 100 Index’s return of 23%


The Stocks to Own in Thailand – Vol. 44

<ul>
<li>We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 21st. We estimate that they had an aggregated short interest worth USD3.3bn.</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 Gulf Energy Development, TMBThanachart Bank, KCE Electronics, Bumrungrad Hospital, Central Pattana, Gulf Energy Development, TMBThanachart Bank, Bumrungrad Hospital, Kce Electronics.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Aug 21st. We estimate that they had an aggregated short interest worth USD3.3bn.
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 Gulf Energy Development, TMBThanachart Bank, KCE Electronics, Bumrungrad Hospital, Central Pattana, Gulf Energy Development, TMBThanachart Bank, Bumrungrad Hospital, Kce Electronics.


Thailand Short Interest Weekly (Aug 21st): Gulf Energy Development, TMBThanachart Bank

Cross Asset Strategy

<ul><li>KTX expects the SET Index to fluctuate, with the resistance at 1,580/1,600 points and the support of 1,540/1,520 points.</li><li>The anticipated delay in the disbursement of the 2024 budget is expected to result in diminished economic momentum during 4Q23 through 1Q24.</li><li>Moreover, the NESDC has revised down its Thai GDP growth projection for the current year to 2.75% compared to the previous estimate of 3.2%.</li></ul>

KTX expects the SET Index to fluctuate, with the resistance at 1,580/1,600 points and the support of 1,540/1,520 points.The anticipated delay in the disbursement of the 2024 budget is expected to result in diminished economic momentum during 4Q23 through 1Q24.Moreover, the NESDC has revised down its Thai GDP growth projection for the current year to 2.75% compared to the previous estimate of 3.2%.

Market Outlook: Volatile, With the Support at 1,540/1,520 Points and the Resistance at 1,580/1,600 Points

Thailand

Supalai Public Company Limited is a real estate development company in Thailand and Australia. It develops residential properties, including detached houses, duplex houses, townhouses, and condominiums under the Supalai brand, as well as office buildings, hotels, resorts, and shopping centers. The company was founded in 1989 and is headquartered in Bangkok, Thailand.

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Supalai (SPALI TB)

Thailand Short Interest Weekly (Aug 28th): Central Pattana, Bumrungrad Hospital, Bangkok Bank

We analyzed SET short interest report for the past week and highlighted short interest changes in Central Pattana (CPN TB), Bumrungrad Hospital (BH...

Ke Yan, CFA, FRM

KTX Zoom - MARCH 29, 2024

Technically, the SET Index is expected to move downward, with the support at 1,365/1,356 points and the resistance at 1,378/1,384 points (10-day...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 44

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

A. Stotz Investment Research

Thailand Short Interest Weekly (Aug 21st): Gulf Energy Development, TMBThanachart Bank

We analyzed SET short interest report for the past week and highlighted short interest changes in Gulf Energy Development (GULF TB), TMBThanachart...

Ke Yan, CFA, FRM

Market Outlook: Volatile, With the Support at 1,540/1,520 Points and the Resistance at 1,580/1,600 Points

KTX expects the SET Index to fluctuate, with the resistance at 1,580/1,600 points and the support of 1,540/1,520 points. The anticipated delay in...

Krungthai XSpring

Price Gauge

52-week Range

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