Market commentary on Thai stocks and the SET Index.
There’s only 9 that I found interesting. BOT’s expected to leave its benchmark rate unchanged at 1.00% on Wed Oct 28. Inflation remains within the 1%-3% target despite elevated oil prices, giving the BOT room to hold. Bloomberg. The BOT ordered banks to enhance due diligence on same-day cash deposits of Bt5m ($148K) or more […]
Read More →Indonesia had a little bounceback but still continues to $hit the bed. Let’s see how the flows move, coming weeks will be interesting. Back to Thailand…well, every country that imports energy…oil is high…refineries are still maxxed out…how long can countries continue to sub these high energy prices? And will the refineries trade at replacement value? […]
Read More →Flood relief: Gov’t has expanded its disaster response following severe deluges affecting millions across the country. The Department of Disaster Prevention and Mitigation (DDPM) is seeking an additional THB10.5bn from the FY27 central budget to assist 1.48mn households. Flat 9k Baht Payment: Allocated per household for permanent residents whose homes faced landslides, river overflows, or […]
Read More →Looking around the region, Indonesia seems to have $hit the bed yet again, because the MSCI overlords don’t like stock manipulation (but this seems to be fine with new AI listings in the US), why would this matter for Thailand? Regional insti’s will have to dump Indo. They’ll look around the region and say Vietnam […]
Read More →Short week, only 8 interesting news items. Econ: The IMF warned that Thailand’s long-term growth faces challenges from high household debt, an ageing population, and climate risks. To sustain growth, the IMF recommends strengthening economic institutions and policy frameworks, continuing investment in human capital, maintaining openness to global markets, and adopting emerging technologies such as […]
Read More →BOT targets credit reform as Thailand’s K-shaped recovery persists. The Bank of Thailand highlighted the uneven nature of Thailand’s economic recovery and the need to reform credit structures to improve SME access to financing. The initiative could help address persistent constraints on smaller businesses and domestic demand, but the benefits will depend on implementation and […]
Read More →And so was that the end of the dump? Floods – done. Reasons to dump names that had run up this year – done. Kerfuffle @ the airport will be forgotten about. So … now…? Let’s see. Please give this Somtum Waffle a tip 🙏🧇 Leave a tip
Read More →Auto/EV — Thailand’s automotive production rose 10.93% y/y to 124,646 units in August, while domestic vehicle sales increased 25.59% y/y to 59,809 units. Passenger BEV sales surged 113.29% y/y to 19,721 units, highlighting the continued shift toward electrification. FTI reiterated its full-year 2026 vehicle-production target of 1.45mn units, saying flooding has so far caused limited […]
Read More →Politics — Thailand’s Constitutional Court is due to rule on Sep 28 on whether barcodes and QR codes used in the Feb. 8 general election compromised ballot secrecy by potentially allowing ballots to be linked back to individual voters. The key market risk is the possibility that the court finds the violation sufficiently serious to […]
Read More →FTSE Rebalance — FTSE changes take effect at today’s close. CPN moves from Large Cap to Mid Cap, while BTS, LH, SCCC and TU move from Mid Cap to Small Cap. Small Cap additions also include FTREIT and THAI, while BLAND, SPCG and TPIPP are deleted. Estimated notable passive inflows are THAI +THB2.3bn, TTB +THB1.4bn, […]
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