Daily Brief Consumer: Stock Exchange of Thailand SET 50 Index, Tesla Motors, Fast Retailing and more

In today’s briefing:

Thailand SET50 and SET100: Quiddity Index Rebalance Primer
EQD | Tesla (TSLA US): How to Play Earnings Via Options
Fast Retailing – The New Medium-Term Plan For Europe Is As Ambitious As The North America Plan

Thailand SET50 and SET100: Quiddity Index Rebalance Primer

Thailand SET Index (SET INDEX) is a composite index which represents the price movement for all common stocks trading on the SET.
SET50 and SET100 indices are calculated, respectively, from the stock prices of the top 50 and 100 listed companies on SET in terms of market capitalization and liquidity.
In this insight, we take a look at the selection criteria and the historical price performance of past Rebalance Events.

TS LA reports earnings on October 19th, and we analyse expected moves using the options market
Stock has suffered some production issues, but we think company has potential to beat the lowered estimates
We identify some option strategies to play the event with goof risk/reward

Fast Retailing (9983 JP)’s 4QFY22 was yet again a surprise to the upside as revenue grew 23.2% YoY to ¥536.0bn while OP grew 24.3% YoY to ¥26.2bn.
Having rallied close to 60% following an earnings beat in 3QFY22, we were bearish on the company expecting weak guidance for FY23, but the company surprised with optimistic FY23 guidance.
With China struggling to maintain the historical growth momentum and North-America falling short of its medium-term plan, we anticipate downside to Fast Retailing’s FY23 guidance over the next 12 months.

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