Thailand Daily Briefs | Page 5 of 69

Jul 17

Daily Brief Thailand: Krungthai Card and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Krungthai Card (KTC TB): Buy With Both Hands As Pledged Shares Rollover

Krungthai Card (KTC TB): Buy With Both Hands As Pledged Shares Rollover

By David Blennerhassett

Late last month, shares in Krungthai Card (KTC TB), XSpring Capital (XPG TB), BEC World Public (BEC TB), and The Practical Solution (TPS TB) all went limit down. Twice.
As discussed in Krungthai Card (KTC TB): Buying Opportunity After Margin Call, Mongkol Prakitchaiwattana had pledged his shares in all four companies, reportedly leading to margin calls.
Yesterday, the SET released an updated list of securities pledged in margin accounts. Notably, pledged shares in KTC has fallen to 3.8% of shares outstanding from 16.3% the previous month.

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Jul 09

Daily Brief Thailand: Valeura Energy Inc and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Valeura Energy (TSX: VLE): Another strong quarter. FY25 guidance re-iterated

Valeura Energy (TSX: VLE): Another strong quarter. FY25 guidance re-iterated

By Auctus Advisors

2Q25 production was 21.4 mbbl/d, which is very close to our forecast (~22 mbbl/d).
The company reported a net cash position of US$241.9 mm at end-June, significantly above our expected US$210 mm.
This reflects both the timing of capital expenditures across 2025 and continued strong operating performance.

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Jun 29

Daily Brief Thailand: Krungthai Card and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

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

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

By David Blennerhassett

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.

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Jun 28

Daily Brief Thailand: Krungthai Card, SGX Rubber Future TSR20 and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Krungthai Card (KTC TB): Buying Opportunity After Margin Call
Tariff War, Weather Hit Thai Rubber Exports Hard In April

Krungthai Card (KTC TB): Buying Opportunity After Margin Call

By David Blennerhassett

Mongkol Prakitchaiwattana is the second largest shareholder in Krungthai Card (KTC TB), behind Krung Thai Bank Pub (KTB TB).
He also holds stakes in XSpring Capital (XPG TB), BEC World Public (BEC TB), and The Practical Solution (TPS TB).
All four companies went limit down on the 23rd June. And again the next day. Both KTC and TPS say nothing has fundamentally changed. The cause? Margin calls.

Tariff War, Weather Hit Thai Rubber Exports Hard In April

By Vinod Nedumudy

Thailand’s rubber export value dips 18.58% MoM in April 2025
Staggering 43.6% fall in Thai rubber imports value to China
Rubber producers can now use trees as collateral for loans

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Jun 19

Daily Brief Thailand: SGX Rubber Future TSR20 and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Tire Trade At Tipping Point After US Q1 Import Shifts

Tire Trade At Tipping Point After US Q1 Import Shifts

By Vinod Nedumudy

Truck tire imports from Thailand fell 41% YoY in Jan-Feb 2025
Q1 2025 tire imports rise 3–4% year-on-year
Vietnam, Japan, Cambodia gain as China, Thailand falter

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Jun 17

Daily Brief Thailand: Delta Electronics Thailand and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

SET50 Index Rebalance: Four Changes in Two Weeks; DELTA Capping Too

SET50 Index Rebalance: Four Changes in Two Weeks; DELTA Capping Too

By Brian Freitas

In line with forecasts, there will be 4 changes for the Stock Exchange of Thailand SET 50 Index (SET50 INDEX) at the close on 30 June.
Capping changes for Delta Electronics Thailand (DELTA TB) will result in big passive selling in the stock and funding inflows for the other index constituents.
Positioning appears to be a lot smaller in the adds compared to the deletes. There could be buying in the deletes on a drop in the stock price.

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Jun 11

Daily Brief Thailand: B Grimm Power and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

B.grimm Power – BGRIM-Digital Edge Joint Venture for 96MW Data Center

B.grimm Power – BGRIM-Digital Edge Joint Venture for 96MW Data Center

By Waraporn Wiboonkanarak

BGRIM has announced a partnership with Digital Edge (Singapore) to jointly develop a 96MW data center project, with a medium-term target of 300MW by 2030E.
This is expected to generate positive sentiment for the share price, as the project offers stable revenue and attractive returns (with an estimated equity IRR of around 12-13%).
It is also expected to serve as a profit buffer in the medium term, with a full-MW and full-year profit contribution anticipated by 2029E, representing upside risk of around 10-14%.

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Jun 09

Daily Brief Thailand: Berli Jucker and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Berli Jucker (BJC TB) – Packaged Consumerism

Berli Jucker (BJC TB) – Packaged Consumerism

By Angus Mackintosh

Berli Jucker (BJC TB) remains one of the most interesting consumer plays in Thailand through Big C, glass and aluminium cans, and its consumer supply chain segment.
The company booked a strong start to 2025 across all segments from a profit growth perspective, with package sales being impacted by lower raw material prices, but that improved margins.
2Q has seen a slower start due to poor weather, slower tourism, partly due to the earthquake, but May has seen a turnaround, and management is confident in annual guidance

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Jun 09

Daily Brief Thailand: Berli Jucker and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Berli Jucker (BJC TB) – Packaged Consumerism

Berli Jucker (BJC TB) – Packaged Consumerism

By Angus Mackintosh

Berli Jucker (BJC TB) remains one of the most interesting consumer plays in Thailand through Big C, glass and aluminium cans, and its consumer supply chain segment.
The company booked a strong start to 2025 across all segments from a profit growth perspective, with package sales being impacted by lower raw material prices, but that improved margins.
2Q has seen a slower start due to poor weather, slower tourism, partly due to the earthquake, but May has seen a turnaround, and management is confident in annual guidance

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Jun 03

Daily Brief Thailand: Thanachart Capital and more

By Smartkarma Daily Briefs | Daily Briefs, Thailand

In today’s briefing:

Quiddity Leaderboard SET50 Jun25: Final Expectations; 3 Changes Expected + Delta Capping

Quiddity Leaderboard SET50 Jun25: Final Expectations; 3 Changes Expected + Delta Capping

By Janaghan Jeyakumar, CFA

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 present our final expectations for ADDs/DELs for the index rebal event in June 2025.
We expect three ADDs and three DELs for June 2025.

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Thailand

Daily Brief Thailand: Krungthai Card and more

Krungthai Card (KTC TB): Buy With Both Hands As Pledged Shares Rollover

Daily Brief Thailand: Valeura Energy Inc and more

Valeura Energy (TSX: VLE): Another strong quarter. FY25 guidance re-iterated

Daily Brief Thailand: Krungthai Card and more

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

Daily Brief Thailand: Krungthai Card, SGX Rubber Future TSR20 and more

Krungthai Card (KTC TB): Buying Opportunity After Margin Call

Tariff War, Weather Hit Thai Rubber Exports Hard In April

Daily Brief Thailand: SGX Rubber Future TSR20 and more

Tire Trade At Tipping Point After US Q1 Import Shifts

Daily Brief Thailand: Delta Electronics Thailand and more

SET50 Index Rebalance: Four Changes in Two Weeks; DELTA Capping Too

Daily Brief Thailand: B Grimm Power and more

B.grimm Power – BGRIM-Digital Edge Joint Venture for 96MW Data Center

Daily Brief Thailand: Berli Jucker and more

Berli Jucker (BJC TB) – Packaged Consumerism

Daily Brief Thailand: Berli Jucker and more

Berli Jucker (BJC TB) – Packaged Consumerism

Daily Brief Thailand: Thanachart Capital and more

Quiddity Leaderboard SET50 Jun25: Final Expectations; 3 Changes Expected + Delta Capping

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