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: Six stocks remain, eight new join the fray</li>
<li>Since inception, it has gained 121% versus the SET 100 Index’s return of 20%</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 121% versus the SET 100 Index’s return of 20%


The Stocks to Own in Thailand – Vol. 45

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.

<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. 

<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

Equity Bottom-Up

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Nine stocks remain, and five new join the fray</li>
<li>Since inception, it has gained 105% versus the SET 100 Index’s return of 38%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Nine stocks remain, and five new join the fray
Since inception, it has gained 105% versus the SET 100 Index’s return of 38%


The Stocks to Own in Thailand – Vol. 39

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

Pi Securities PCL, Thailand

Pi Securities is a well known securities company with 40 years experience in the industry, serving more than 60,000 clients. We offer one - stop service providing full range of financial products and services including extensive Brokerage, Proprietary Trading (Equities and Bonds), Advisory Services, Structured Products.

Moreover, our new research team tailored for institutional clients to focus on mid to small cap of Thai equities and trading strategies. Our services offered to our premium clients also include arrangement of company or site visits to with the managements of Thai listed companies.

Note: Effective on 1 March 2022, Country Group Securities PCL changed its name to Pi Securities

Supalai Public Company / Equity Bottom-Up

<ul>
<li>Maintain our BUY rating with  a new  TP of Bt27.5, based on 6.8xPE23, or its 5-year trading average, to reflect strong real estate sales of both low-rise and condominium segment.</li>
<li>3Q22 earning grew YoY and QoQ SPALI reported 3Q22’s net profit of Bt2.7bn (+60%YoY, +33% QoQ),better than our forecast and market expectation.</li>
<li>The YoY growth of net profit supported by (1) rising revenue recognition of real estate sales to Bt11bn (+50%YoY) backed by transfer of 7 condominium project in 9M22</li>
</ul>


Maintain our BUY rating with  a new  TP of Bt27.5, based on 6.8xPE23, or its 5-year trading average, to reflect strong real estate sales of both low-rise and condominium segment.
3Q22 earning grew YoY and QoQ SPALI reported 3Q22’s net profit of Bt2.7bn (+60%YoY, +33% QoQ),better than our forecast and market expectation.
The YoY growth of net profit supported by (1) rising revenue recognition of real estate sales to Bt11bn (+50%YoY) backed by transfer of 7 condominium project in 9M22


SPALI : 3Q22 Results Higher than Our Forecast

Thailand

Supalai Public Company Limited is a property development company which has operations in Bangkok metropolis as well as other leading provincial markets. The Company develops all types of residential products, including detached houses, townhouses and condominiums.

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Supalai Public Company (SPALI TB)

The Stocks to Own in Thailand – Vol. 45

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

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

The Stocks to Own in Thailand – Vol. 39

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

A. Stotz Investment Research

SPALI : 3Q22 Results Higher than Our Forecast

Maintain our BUY rating with a new TP of Bt27.5, based on 6.8xPE23, or its 5-year trading average, to reflect strong real estate sales of both...

Pi Securities PCL, Thailand

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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