EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

Siam Cement (SCC TB) TB

Industrials

Smart Insider

Chumpol Nalamlieng (Director since 1992) sells 60,000 shares at THB 290.50, reducing his holdings by -60%. Smart Insider ranked the stock -N on 23rd Aug based on sales he made at THB 314. Since then, Nalamlieng has continued to sell shares and this most recent one is his largest and at the lowest price. This year, he has reduced his holdings from 201,000 shares to 41,000 shares. Nalamlieng's sales do not appear to be a strong endorsement of Thammasak Sethaudom (currently EVP, formerly CFO) who will be taking over as CEO in Jan 2024. Smart Insider has downgraded the stock further, from -N to -1 (lowest rating).

Edition: 176

- 22 December, 2023