Kaohoon Morning Brief – 13 February 2024

Maybank Securities (Thailand) (MST) expected Thailand’s SET index to rebound within the range of 1385-1400 points. Yesterday, the Stock Exchange of Thailand disclosed the findings of its study on Short Selling and Program Trading. The upcoming phase presents an opportunity to introduce mechanisms for controlling inappropriate transactions to mitigate volatility. Short-term prospects appear positive, particularly for stocks heavily shorted and downgraded since the year’s commencement (such as SCC and KBANK), which stand a chance of being covered for short-term gains. For the medium to long term, continue to monitor concrete measures.


ANPU Public Company Limited (SET: BANPU), Berli Jucker Public Company Limited (SET: BJC) and Osotspa Public Company Limited (SET: OSP) were deleted from the MSCI Global Standard Index.

Meanwhile, BANPU, OSP, Siam Global House Public Company Limited (SET: GLOBAL), SKU ICT Public Company Limited (SET: SKY) and Tisco Financial Group Public Company Limited (SET: TISCO) were added into the MSCI Global Small Cap.

On the other hand, BEC World Public Company Limited (SET: BEC) and Super Energy Corporation Public Company Limited (SET: SUPER) were deleted from the MSCI Global Small Cap.


Donald Trump is proposing a 60% tariff on all Chinese imports, which could shrink a $575 billion trade pipeline. More importantly, Trump’s rhetoric may add pressure on Biden to take harsher measures to gain votes.

China’s stock market is now down 40% from its 2021 high.