A respite in the market drop with effectively all sectors recovering in the past week. But now there’s the fear of oil prices, which are finally looking weak, if that shoe drops, hello 1,500 again. Until we see 2Q18’s coming out for all the sectors it’s going to remain a choppy time.

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NLA approves 20-year national strategy. The National Legislative Assembly has voted unanimously to approve the National Strategy, with binding effect over the next 20 years and penalties for non-compliance. (Bangkok Post, 06/07/18) NESDB to study feasibility of Kra canal plan. The National Economic and Social Development Board (NESDB) should be entrusted to study the feasibility […]

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RCEP members seek year-end free trade deal. Ministers from 16 Asia-Pacific countries said on Sunday they will seek a broad agreement on their free trade talks by the end of the year as they formed a united front against the protectionist policies of US President Donald Trump. (Bangkok Post, 1/7/2018) BAAC runs risk of bad […]

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So, its below 1,600, not from the decline of oil that I thought it would originate from given the movement in the USD Index (which has gone from 89 to 95). But from mass selling throughout virtually every industry, every sector ex energy. Why isn’t this called a crash even though smaller names are comfortably […]

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Prayut may announce political future in September. Prime Minister Prayut Chan-o-cha has indicated he will make it known in September whether he will formally enter politics, while reiterating that his military government is committed to holding a general election early next year. (Bangkok post, 22/06/18) SME Bank offers B58bn in loans. The state-owned Small and […]

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And it’s outttt, here’s my fav snippets and a link to the rest of the commentary We believe that the current business cycle has at least several more years left to run. The major signs that would herald the beginning of the next recession are not yet in place. Unemployment is low and likely to […]

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FIF fund inflow down. The high volatility of the market and negative return led investors to sell off the Bt47bn of the global bond fund. In the first five months, the FIF fund inflow amounted to Bt6.bn1, down from last year’s Bt80bn in the same period. Behind this is high volatility in the foreign market […]

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Just look at the beautiful sea of red that is the Thai Stock market. No surprises, just the catalyst that brought it out about has been the news over the trade wars. Lets see how things unfold in the coming weeks and for those that are fundamentally focused, it’s a long way to go until […]

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Fitch affirms Thailand at BBB+, outlook stable. Fitch Ratings has affirmed Thailand’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. The rating is underpinned by solid external and public finances, which enhance resiliency to economic shocks. (Bangkok Post, 09/06/18) Consumption growth still low. The Thai Retailers Association director, Mr .Chatchai Tuangrattanapan, […]

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