This government is proving to be fantastic for the stock market in Thailand, first with its plans to drop corporate income tax rates to 20% over the next few years and now this. The Stock Exchange of Thailand (SET) would be delighted if the Revenue Department waived dividend taxes, especially since this would boost sentiment […]
Read More →I touched on the fact that the government was trying to transfer the FIDF (Thailand’s loans from the ’97 asian financial crisis) from the government’s balance sheet to the Bank of Thailand’s balance sheet. And now there is a recent development, according to local news today the BOT Governor is exploring ways to make up […]
Read More →Latest thoughts from Ploy! happy reading! Updating the US Dollar index, after the index fell to the support as given last time, it has rebounded and slightly breached above the key barrier at 81.44 yesterday. Despite today’s volatility and the possibility that it may head down to test support at 80.10-79.80, the US Dollar index […]
Read More →My good friend Roger, who’s doing his PhD specifically on Myanmar recently wrote this paper on the developments there today. It’s a country that is going to grow extremely quickly, my only fear for them is that the government takes a short term viewpoint to the country’s future, although I’ve been assured by several parties […]
Read More →Cracking start to the year, first week, the market is up 1.1%, driven mainly by the resources sector (represents over 30% of the SET market cap), although Agriculture & Food industry had a strong first week as well. I’m not surprised to see the banking sector being hurt, because of the news from Europe (fyi […]
Read More →Originally published in the Bangkok Post 6th Jan 2012 Gunkul Engineering Plc was established on Aug 5, 1982 by Gunkul Dhumrongpiyawut as an importer and provider of electrical equipment in order to support the fast-growing Thai economy. It was listed on the Stock Exchange of Thailand on Aug 10, 2009, aiming to raise funds for […]
Read More →Well now, should we really be surprised that DTAC isn’t part of this latest roaming agreement with TOT plc? With the pressure that DTAC is unnecessarily placed under being called a “foreign company” which we all know it is as are several other multinationals corporations operating in Thailand. DTAC has already essentially wiped out their […]
Read More →A new year a new start, 2011 was the year of telecos (dtac, advanc) and service cos (bigc, cpn, robins, makro), this year I’m still looking and expect energy to perform well especially if Iran and the US decide to make the headlines. Not to be left out are a few select companies in the Industrial’s sector, […]
Read More →Its been a good fun few months trying to figure out what exactly to post here and I thank you all for reading and my friends and colleagues that have helped me in creating this (you know who are!). In 2012 we’ll look to expand further with individual stock ideas and more indepth thoughts on […]
Read More →The Thai Government has been looking for a way to transfer the country’s debt from the ’97 Asian Financial Crisis to the balance sheet of the Bank of Thailand. Its been going back and forth for the last few days and now it looks like that the idea is scrapped for the time being. I […]
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