Research on Thai Markets in general and the SET Index
So after yesterday’s market update a random thought came to mind, have volumes really dropped? So here’s a quick chart on the daily turnover vs rolling 30 day average turnover on the SET. So what? No idea, but declining volumes are never a good sign, especially on the way down.
Read More →So the impact re the Trump tweet is done? Ok back to basics, 3Q18 #’s are coming out, some have been awful i.e. the airlines, some have been great i.e. the petrochem/energy players. Banks were meh at best, though that’s a sector issue given the country’s demographics and the declining nature of non-interest income. What’s […]
Read More →Sontirat mulls CPTPP membership. Thailand is studying the pros and cons of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that is due to take effect on Dec 30, said the Commerce Ministry. Six out of the total 11 members of the CPTPP have already ratified the partnership, said Commerce Minister Sontirat Sontijirawong. […]
Read More →And all it took was a tweet from Trump to give the markets a little bump. I still have my eyes looking at the USD index, some minor weakness but the trend for strengthening still appears to be there. As for oil….well, brent prices did rally by some +20% since the hint of sanctions against […]
Read More →Nod for Bt631bn EEC, water projects. The cabinet yesterday approved a budget of Bt631 billion to develop five infrastructure projects on the Eastern Economic Corridor (EEC), and seven water management projects. (The Nation, 31/10/18) EEC Office assigned B100bn yearly target. The Eastern Economic Corridor (EEC) Office has been told that its key performance indicator (KPI) […]
Read More →So foreign investors have been selling Thailand for the past 12 months, heavily, who’s picking up the slack? It’s quite obvious as seen per the below. Now why the f is the THB still strong some may ask? A few factors, but look at the second group of charts. The bond market is attractive in […]
Read More →For what has felt like a bad year thus far for the local market, it is still only down 7% for the year with most of the drop occurring during the month of October. Part of me thinks there will be a year end rally to narrow the loss into the end of the year…I […]
Read More →Somkid orders price hike curbs. The Commerce Ministry is being ordered to take more effective measures to combat unreasonable consumer product price hikes, while continuing to boost the grassroots economy. (Bloomberg, 24/10/18) Remaining 35MHz to be auctioned next year. The telecom regulator plans to sell leftover bandwidth on the 1800-megahertz spectrum in February — the […]
Read More →And now the market is down for the past months. If oil goes, there goes the market. Ah well, so much for this pre-election rally when global issues such as interest rates rises and trade wars are occurring.
Read More →SME fund bill bound for cabinet. The Finance Ministry will seek cabinet approval to require financial institutions to contribute 0.001% of their deposit base to a fund tasked with promoting small and mediumsized enterprises (SMEs). A legal amendment is needed for the contribution requirement and the fund is expected to receive Bt100mn in contributions if […]
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