The market has started the year nicely with a quick +1% gain. But the funnymentals from last month remain a weak domestic consumer, a confused global trade situation where manufacturing plants are re-aligning and setting up facilities outside of China and have a look at oil. I’m ignoring the news about a WW3 and Iran’s oil output won’t put a dent in the global supply figures. But this event has definitely boosted oil prices slightly faster than I expected. If anyone has a good EP play in Thailand (ex PTTEP) or the region do let me know.