Vintage silk parade flag presumed Thailand, good condition

Vintage silk parade flag presumed Thailand, good condition. The elephant is very similar to other Thai flags but I cannot locate one exactly like this one, so I am presuming it is from Thailand. The stick has black stripes and is 13" long. The flag has a red background, and a white elephant with gray (perhaps was blue?) and red saddle with yellow strap, and read headpiece. Flag has some string detaching from top, and one pine hole and one small crescent shape hole.