Fresh perks to attract FDI : The economic cabinet yesterday approved the Thailand Plus package to woo foreign firms looking to relocate production amid the snowballing Sino-US trade war. Bangkok Post Retailers to stop handing out plastics : Giant retailers, plastic manufacturing titans, and department stores reached an agreement yesterday to stop handing out single-use […]

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Part of me is of the viewpoint that with the Saudi’s continuing to cut oil output, or at the very least maintaining the cut, we could see oil prices remain firm/to slightly higher over the next few months. Should that be the case then well perhaps the SET could go over 1,700 in the near […]

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And there we go, thats 2Q19 earnings for you – 18% for the SET. A lot of it is driven by the decrease in the industrials & petrochemical sector which could be arguable the inventory losses, but it’s a sign of the issues facing the companies listed on the SET and the MAI. The only […]

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Perks to capture firms fleeing China ordered : The Industry Ministry has ordered the Office of Industrial Economics to finish crafting incentive packages within two weeks to persuade foreign investors to relocate from China into Thailand. Bloomberg NESDC alarmed on housing : The state planning unit is concerned over housing debts, which have increased since […]

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With the 2Q19 earnings all done and showing that the SET/MAI earnings dropped by -18% YoY (thereabouts), it explains why the multiples for the SET are still at north of 18x. August has proven to be a crap month….and since I begun my career back in 2004, I’ve always hated Septembers’.

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Oath ‘fix’ tipped for today : Govt House event has message from King . Prime Minister Prayut Chan-o-cha is due to lead the cabinet in receiving a message from His Majesty the King at Government House today, in an event believed to be linked with the recent controversy over the swearing-in of the cabinet, according […]

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So his latest letter is out and this time a lot of the focus on is geopolitics and US politics from discussions between Blackstone and their clients. I’ve put the whole letter below as it isn’t available on Blackstone’s website but one can easily subscribe to this letter’s from there. Enjoy! Plenty to Worry About, […]

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There is nothing pretty out there atm….maybe its time to invest in a gold mining co…oh wait the Thai military took that option away from us. Now its interesting to see ICT recover…I wonder if there’s still further legs in this if the capex spending isn’t going to be ridiculously high for the foreseeable future.

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Cash splurge to boost economy : Govt to put B316bn into people’s pockets . The economic cabinet has decided to inject another 316 billion baht into the economy through a new stimulus package and remains optimistic that economic growth will be more than 3% this year despite the sluggish global outlook. Bangkok Post Third phase […]

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So we’ve had the pullback…now what? I still think banks are a big question mark given the continuing decline in ROEs. The tech sector which is effectively True, Advanc and DTAC…cash flow, capex management game to maintain their dividend yields…I wonder what consolidation we can see here, i.e. who will eventually take out JAS for […]

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