💡 IDEAL $KBANK.TB - consensus Thai O/W, seen as a digital aspirant. However, Brian spots two flies in the ointment. Stock has doubled from 2020 lows, so this is worth noting.
(1/n)
(1/n)
1. foreign line highly likely deletion from MSCI at upcoming MAY SAR - Deletion of the foreign line would require passive funds to sell 87m shares...
2. There is also a possibility of a reduction in the Foreign Inclusion Factor (FIF) on the Non Voting Depository Receipt (NVDR) line if the foreign room stays below 15% on the price cutoff date. This would necessitate selling of around 22m shares.
Stock to remain under pressure relative to its peers over the next few weeks as active investors pre-positioning for the passive selling.
Brian highlights trade idea, positioning, and timlines in his detailed analysis (paywalled): smartkarma.com/insights/kasik…
@threadreaderapp unroll this thread on $KBANK pls
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