Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/krungthai-card-pcl" target="_blank" data-smartkarma-citation="entities:20097:1" rel="noopener">Krungthai Card (KTC TB)</a> is a pretty straightforward short term trade. Basically the second largest shareholder, Prakitchaiwattana, got margin called, and shares fell limit down. Twice.</li>
<li>South Korean private equity firm VIG Partners tables an Offer for beauty device company <a href="https://www.smartkarma.com/entities/viol-co-ltd" target="_blank" data-smartkarma-citation="entities:41010:1" rel="noopener">VIOL (335890 KS)</a>, whose major shareholder, <a href="https://www.smartkarma.com/entities/dms-co-ltd" target="_blank" data-smartkarma-citation="entities:2132:1" rel="noopener">DMS (068790 KS)</a>, faces allegations of unfair internal transactions.</li>
<li>
<a href="https://www.smartkarma.com/entities/melco-international-development-ltd" target="_blank" data-smartkarma-citation="entities:809:1" rel="noopener">Melco (200 HK)</a>'s 11.9% gain on the 26th June - on serious volume - was predicated on a short squeeze, just eight days after the fully-paid rights shares commenced trading.</li>
</ul>



Krungthai Card (KTC TB) is a pretty straightforward short term trade. Basically the second largest shareholder, Prakitchaiwattana, got margin called, and shares fell limit down. Twice.
South Korean private equity firm VIG Partners tables an Offer for beauty device company VIOL (335890 KS), whose major shareholder, DMS (068790 KS), faces allegations of unfair internal transactions.

Melco (200 HK)'s 11.9% gain on the 26th June - on serious volume - was predicated on a short squeeze, just eight days after the fully-paid rights shares commenced trading.


Last Week In Event SPACE: Krungthai Card, VIOL, Melco, Singapore Post

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.

Quantitative Analysis

<ul><li>The stock holdings in the KTX Tactical Picks portfolio remain unchanged.</li><li>The portfolio's average total return declined by 0.08%, underperforming the SET (+0.21%), pressured by selling in ICT stocks (ADVANC, TRUE).</li><li>KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.</li></ul>

The stock holdings in the KTX Tactical Picks portfolio remain unchanged.The portfolio's average total return declined by 0.08%, underperforming the SET (+0.21%), pressured by selling in ICT stocks (ADVANC, TRUE).KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.

Equity Bottom-Up

Ten Cap Alpha Plus Complex ETF / Equity Bottom-Up

<ul><li>For the KTX Tactical Picks portfolio, we recommend investing in TCAP for tactical reasons.</li><li>Most stocks in the portfolio declined in line with the sluggish market conditions, but to a lesser extent than the SET (-0.69%), resulting in the portfolio's average total return decreasing by only 0.19%.</li><li>KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.</li></ul>

For the KTX Tactical Picks portfolio, we recommend investing in TCAP for tactical reasons.Most stocks in the portfolio declined in line with the sluggish market conditions, but to a lesser extent than the SET (-0.69%), resulting in the portfolio's average total return decreasing by only 0.19%.KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.

<ul><li>ADVANC is added to the portfolio thanks to a healthy earnings growth outlook on the back of a potential jump in ARPU, while the ERP has risen to reach the average level +2 S.D.</li><li>KTX's 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>

ADVANC is added to the portfolio thanks to a healthy earnings growth outlook on the back of a potential jump in ARPU, while the ERP has risen to reach the average level +2 S.D.KTX's Tactical Picks portfolio is constructed within SET100 Index constituents.Stocks are selected based on EPS growth and relative changes to their KTX valuations.

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,344/1,338 points and the resistance at 1,364/1,370 points.</li><li>Investment strategy: Sell on rallies and wait to buy back when a new breakout signal occurs.</li><li>Maintain a Buy recommendation for the banking sector, focusing on TTB and KKP, due to their strong potential to outperform in a high bond yield environment.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,344/1,338 points and the resistance at 1,364/1,370 points.Investment strategy: Sell on rallies and wait to buy back when a new breakout signal occurs.Maintain a Buy recommendation for the banking sector, focusing on TTB and KKP, due to their strong potential to outperform in a high bond yield environment.

Krungthai XSpring Zoom Eng. January 27, 2025

Thailand

XSpring Capital Public Company Limited is a Thailand-based financial services firm that invests in diverse businesses both domestically and internationally. It operates through five segments: Securities, Fund Asset Management, Digital Assets, Asset Management, and Investment and Other, offering services like securities brokerage, digital asset dealing, and wealth management. The company was founded in 1974 and is headquartered in Bangkok, Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

XSpring Capital (XPG TB)

Last Week In Event SPACE: Krungthai Card, VIOL, Melco, Singapore Post

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

KTX Tactical Picks

The stock holdings in the KTX Tactical Picks portfolio remain unchanged. The portfolio's average total return declined by 0.08%, underperforming...

Krungthai XSpring

KTX Tactical Picks

For the KTX Tactical Picks portfolio, we recommend investing in TCAP for tactical reasons. Most stocks in the portfolio declined in line with the...

Krungthai XSpring

KTX Tactical Picks

ADVANC is added to the portfolio thanks to a healthy earnings growth outlook on the back of a potential jump in ARPU, while the ERP has risen to...

Krungthai XSpring

Krungthai XSpring Zoom Eng. January 27, 2025

Technically, the SET Index is expected to move sideways, with the support at 1,344/1,338 points and the resistance at 1,364/1,370...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)