In today’s briefing:
- Thailand: Ready (Re)SET Go!
- FSC Head Remarks Short Selling Could Resume in 1Q 2025 and Launch of Financial Investment Income Tax
- The Week That Was in ASEAN@Smartkarma – Kalbe Farma, Grab Holdings, and Philippine StockExchange
- This Is How Fund Managers Can Close Their Research Gap in Agricultural Commodities
- Energy Cable: A new supply side crisis brewing in Nat Gas space?
Thailand: Ready (Re)SET Go!
- Nothing has changed since our last BMM and the SET has underperformed as expected, declining further to 1,364.5 on 24-May versus 1,398.1 on 28-February.
- Here we suggest on what the SET should do to move forward, now that the SET is seeking a new President.
- Here are the five to-do list for SET. Read or Not…
FSC Head Remarks Short Selling Could Resume in 1Q 2025 and Launch of Financial Investment Income Tax
- On 27 May, Lee Bok-Hyun (Head of FSC) remarked that short selling of stocks in Korea could resume sometime in 1Q -4Q 2025.
- The centralized system to detect short selling of stocks in Korea on a live basis could be completed as early as 1Q 2025.
- The financial investment income tax is likely to be LAUNCHED in January 2025, which could negatively impact the local stock market.
The Week That Was in ASEAN@Smartkarma – Kalbe Farma, Grab Holdings, and Philippine StockExchange
- The past week saw insights on Kalbe Farma (KLBF IJ), Grab Holdings (GRAB US), Philippine Stock Exchange (PSE PM), Best World International (BEST SP), and PropertyGuru (PGRU US).
- There were also macro insights on Malaysia, Singapore, and Indonesia plus insights on Citicore Renewable Energy IPO, Singapore banks and CrossASEAN Ground Zero on Food Panda, GoTo, and PropertyGuru.
- The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across Southeast Asia.
This Is How Fund Managers Can Close Their Research Gap in Agricultural Commodities
Expectations of an “above-normal” monsoon in 2024 currently help to keep prices for commodities that are in large parts grown in India under control.
That includes rice as well as sugar prices.
According to the IRI’s latest ENSO forecast, La Niña becomes the most probable category in Aug-Oct, 2024 through Jan-Mar, 2025.
Energy Cable: A new supply side crisis brewing in Nat Gas space?
- The natural gas trade has started to move in recent weeks as the supply side looks constrained again.
- While the current situation doesn’t exactly mirror 2021, there are some similarities when we look more closely.
- Firstly, given the new supply outlook post-energy crisis, we believe there are no fundamental reasons for TTF natural gas to trade in its pre-crisis range.
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