TMBAM Eastspring debacle rattles market : Two mutual funds with an investment strategy focusing on foreign debt were torpedoed by panic selling. Two fixed-income funds of TMBAM Eastspring were a catalyst igniting a major redemption in Thailand’s mutual fund industry, to the point where the selling spree nearly sparked a liquidity crunch. Bangkok Post TMB […]

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CPALL Share price has been weak, they’re part of the CP Funding vehicle to buy Tesco, but a share buy back is underway tomorrow.  More interesting is the trend on twitter over the past month that the younger generation wants to avoid going to 7-11’s on Wednesday’s. I finally found an English article for this, https://prachatai.com/english/node/8399, […]

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Aswin orders ‘soft lockdown’ in capital : Supermarkets to stay open, restaurants limited to takeaway, but other closures sweeping. Starting today, shopping malls and markets in Bangkok and adjacent provinces, except those selling food and essential consumer goods, have been ordered to close for three weeks in an effort to slow the spread of Covid-19. […]

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And now BKK and large provinces/cities in Thailand are shut down. Anybody else want to follow me by calling this government a bunch of flaccid incompetent donkeys? Stimulus package? What stimulus package? Maybe they’ll buy a few more tanks and submarines as that’ll boost the (I)nvestment in GDP Ok cynicism aside, I’m of the viewpoint […]

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Doctors issue Stage-3 warning : Nation ‘not equipped’ for full-on epidemic. An association of chest physicians is calling on the government to prepare for Covid-19 to become a “Stage 3”, full-blown epidemic in Thailand while slamming the authorities’ slow response to the spread of the disease. Bangkok Post SET changes shorting rules amid chaos : […]

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This drop is just WOW Viewpoints: 1Q is a washout, especially Feb/Mar, 2Q will be fukt too, especially Apr/May. Demand shock is huge, Supply shock is huge. And then? Interest rates getting lower, fiscal spending is going to be massive. And then? For a military leader, the PM is just proving why Thailand lost its […]

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A viral wake-up call : Representatives of the tourism, retail and commerce industries offer their views on the state’s handling of the epidemic. Managing a virus epidemic can be a daunting task for any administration, but inefficiency by the government for its perceived failure to contain the coronavirus outbreak in Thailand has drawn waves of […]

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BBL shareholders approve the acquisition of PT Bank Permata TBK  It’s going ahead – Shareholders have approved approved its plan to acquire all the shares in PT Bank Permata Tbk (BNLI). The deal is now expected to close in 2020 after BBL completes the transaction with Standard Chartered and PT Astra to acquire their combined 89.12% […]

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So oil markets have their own rollercoaster with the Saudi’s and the Russian’s not cutting output and potentially ramping it up production instead. And so as of midday 09/02 PTTEP is -29%, PTTGC is -25%, and PTT is -24%. Who said large caps are safer? SET is back to where it was in … 2012? […]

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