Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The newly appointed board of Thailand's NBTC has set up four subcommittees to study the planned merger of <a href="https://www.smartkarma.com/entities/true-corp-pcl" target="_blank" data-smartkarma-citation="entities:8:1" rel="noopener">True Corp Pcl (TRUE TB)</a>and <a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" data-smartkarma-citation="entities:948:1" rel="noopener">Total Access Communication (DTAC TB)</a>.</li>
<li>Previously NBTC was expected to conclude its vetting by the 15 May. That is now unlikely to occur. </li>
<li>In letters to the NBTC, True insisted the DTAC merger must not be delayed from the expected mid-June completion timetable. NBTC is, appropriately, investigating the merger on its own terms.</li>
</ul>


The newly appointed board of Thailand's NBTC has set up four subcommittees to study the planned merger of True Corp Pcl (TRUE TB)and Total Access Communication (DTAC TB).
Previously NBTC was expected to conclude its vetting by the 15 May. That is now unlikely to occur. 
In letters to the NBTC, True insisted the DTAC merger must not be delayed from the expected mid-June completion timetable. NBTC is, appropriately, investigating the merger on its own terms.


True/DTAC: Merger Delays As NBTC Board Revamped

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 upon our FVMR Methodology</li>
<li>Portfolio changes: Three stocks remain, 11 new join the fray</li>
<li>Since inception, it has gained 95% versus the SET 100 Index’s return of 36%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology
Portfolio changes: Three stocks remain, 11 new join the fray
Since inception, it has gained 95% versus the SET 100 Index’s return of 36%


The Stocks to Own in Thailand – Vol. 36

Total Access Communication / Event-Driven

<ul>
<li>Thailand's Trade Competition Commission said that only the National Broadcasting and Telecommunications Commission has the authority to block the <a href="https://www.smartkarma.com/entities/true-corp-pcl" target="_blank" data-smartkarma-citation="entities:8:1" rel="noopener">True Corp (TRUE TB)</a> / <a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" data-smartkarma-citation="entities:948:1" rel="noopener">Total Access Communication (DTAC TB)</a> merger.</li>
<li>At issue, the government appears to be stonewalling the transition of the NBTC board, potentially abetting the merger. </li>
<li>Both True and DTAC are trading through their VTO terms, ignoring dividends.</li>
</ul>


Thailand's Trade Competition Commission said that only the National Broadcasting and Telecommunications Commission has the authority to block the True Corp (TRUE TB) / Total Access Communication (DTAC TB) merger.
At issue, the government appears to be stonewalling the transition of the NBTC board, potentially abetting the merger. 
Both True and DTAC are trading through their VTO terms, ignoring dividends.


Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

<ul>
<li>
<a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" data-smartkarma-citation="entities:948:1" rel="noopener">Total Access Communication (DTAC TB)</a> and <a href="https://www.smartkarma.com/entities/true-corp-pcl" target="_blank" data-smartkarma-citation="entities:8:1" rel="noopener">True Corp Pcl (TRUE TB)</a> have moved up over the last 8 trading session to trade at or closer to their VTO prices.</li>
<li>Trading at the VTO price, we recommend selling <a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" data-smartkarma-citation="entities:948:1" rel="noopener">Total Access Communication (DTAC TB)</a> rather than run the risk of deal break or waiting 3-5 months to be paid out.</li>
<li>A safer trade is to buy <a href="https://www.smartkarma.com/entities/true-corp-pcl" target="_blank" data-smartkarma-citation="entities:8:1" rel="noopener">True Corp Pcl (TRUE TB)</a> and sell <a href="https://www.smartkarma.com/entities/total-access-communication" target="_blank" data-smartkarma-citation="entities:948:1" rel="noopener">Total Access Communication (DTAC TB)</a>. There will be index trades to do if the merger is approved. </li>
</ul>



Total Access Communication (DTAC TB) and True Corp Pcl (TRUE TB) have moved up over the last 8 trading session to trade at or closer to their VTO prices.
Trading at the VTO price, we recommend selling Total Access Communication (DTAC TB) rather than run the risk of deal break or waiting 3-5 months to be paid out.
A safer trade is to buy True Corp Pcl (TRUE TB) and sell Total Access Communication (DTAC TB). There will be index trades to do if the merger is approved. 


DTAC/TRUE Merger: Stocks Trading Near Their VTO Prices

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology</li>
<li>Portfolio changes: Five stocks remain, nine new join the fray</li>
<li>Since inception, the portfolio has gained 94% versus the SET 100 Index’s return of 37%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology
Portfolio changes: Five stocks remain, nine new join the fray
Since inception, the portfolio has gained 94% versus the SET 100 Index’s return of 37%


The Stocks to Own in Thailand – Vol. 35

Thailand

Advanced Info Service Public Company Limited is granted a 25-year concession expiring the year 2015 by the Telephone Organization of Thailand to provide cellular phone services.  The Company provides analog mobile phone services through the Nordic Mobile Telephone (NMT900) network, and digital phone services through the Global Systems for Mobile Communication (GSM) network.

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

Advanced Info Service (ADVANC TB)

True/DTAC: Merger Delays As NBTC Board Revamped

I still think the trade is to go long DTAC short TRUE trade at the current price ratio. If the deal breaks, you are long DTAC vs TRUE with a lower...

David Blennerhassett

The Stocks to Own in Thailand – Vol. 36

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

A. Stotz Investment Research

NBTC To Decide On True/DTAC Merger

Long DTAC short TRUE trade at the current price ratio, using a share ratio in the 9.7x range. If the deal goes through, you are long deal risk at a...

David Blennerhassett

DTAC/TRUE Merger: Stocks Trading Near Their VTO Prices

DTAC is trading at its VTO price while TRUE is trading 3% lower than its VTO price. The risk/reward has now shifted and we would look to sell DTAC...

Brian Freitas

The Stocks to Own in Thailand – Vol. 35

Our research team constantly reviews the Thai market to try to find interesting ideas based upon Fundamentals or Valuation or Momentum or Risk or...

A. Stotz Investment Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)