Building Clarity in Complex Markets

Investment Analysis Rooted in Reality

We started in 2018 with a simple observation. Most investment advice in Thailand felt disconnected from what actually happens when markets shift. Too much jargon. Not enough honesty about risk.

So we built something different. A research practice that treats uncertainty as data, not something to hide behind polished presentations.

Financial analysis workspace with market data and research materials
Kittipat Wongchai, Founder and Lead Analyst

Kittipat Wongchai

Founder and Lead Analyst

Former institutional analyst who learned more from market corrections than bull runs

The Path Here Wasn't Linear

2012 – Bangkok Banking District

Spent five years analyzing regional portfolios for institutional clients. Watched brilliant strategies collapse because they ignored local context. Thai markets don't behave like textbook models suggest.

2016 – The Realization

During a particularly volatile quarter, I noticed something. Clients who understood their risk tolerance outperformed those chasing optimal returns. The psychology mattered more than the math.

2018 – Starting Over

Left the corporate structure to build a research practice focused on what actually helps people make decisions. Not predictions. Not guarantees. Just honest assessment of what we know and what remains uncertain.

2022 – Expanding the Team

Brought on analysts who'd worked through different market cycles. Each one brought perspective that challenged our assumptions. That friction makes our research stronger.

Today – 2025

We work with clients across Southeast Asia who value transparency over polish. Our reports sometimes say we don't have enough data to recommend action. That's the point.

How We Actually Work

Research Without Agenda

We don't manage money, so we have no incentive to recommend products. Our analysis stands on its own merit. If market conditions suggest waiting, we say so.

Context Over Convention

Global investment theories often miss local factors that matter. Thai regulatory changes, regional trade patterns, currency dynamics – these shape outcomes as much as company fundamentals.

Behavioral Awareness

We account for how people actually behave under stress. Most strategies assume rational actors. Real investors panic, hold too long, and chase trends. Our frameworks work with human nature, not against it.

Team reviewing investment research and market analysis

What We've Learned

7 Years of tracking regional market patterns across bull and bear cycles
280+ Reports published on sector analysis, risk assessment, and market structure
45 Clients actively using our research for investment decisions in 2025
Zero Hype in our methodology – just honest assessment of available information

The People Behind the Analysis

Our small team brings complementary perspectives. Each analyst has lived through at least one major market correction. That experience shapes how we evaluate risk and opportunity.

Narong Prasert, Senior Market Analyst

Narong Prasert

Senior Market Analyst

Joined us in 2020 after a decade analyzing Southeast Asian equities for regional funds. His specialty is identifying when market consensus has detached from underlying business fundamentals.

Narong survived the 2013 taper tantrum and the 2020 pandemic crash. Both taught him that liquidity matters more than most analysts admit.

  • Thai equity market structure and liquidity analysis
  • Regional currency dynamics and capital flows
  • Sector rotation patterns during market transitions
  • Corporate governance assessment for emerging markets

Current Focus

Right now I'm tracking how Thai institutional investors are adjusting to higher global interest rates. The patterns don't match previous cycles, which tells us something important about changed market structure.

Narong publishes monthly sector reviews and contributes to our quarterly market outlook reports. His analysis helps clients separate temporary volatility from structural shifts worth repositioning around.

Work With Us

If you value research that acknowledges uncertainty and focuses on risk-adjusted thinking, we might be a good fit. Our next client intake period opens in September 2025.

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