Market commentary on Thai stocks and the SET Index.
Thaicom urges govt to weigh impact of extra fees – THE GOVERNMENT should consider the impact on Thaicom if it slaps additional conditions or more regulatory fees on two of the company’s satellites, chief executive officer Paiboon Panuwattanawong said in a statement released yesterday. (The Nation, 22/6/16) Thai airlines spared from EASA blacklist – Thai-registered […]
Read More →This silly catch word will dominate the headlines for the week “Brexit”. I don’t quite care what happens but any volatility is welcome. What else? Well a there’s a lot of central banks meeting this week in the region, so that could be amusing if one of them decides to actually make a move with […]
Read More →Notable transactions Buy(s) THB 606 mn BDMS – Massive buying again! COL – Now this interesting, I’ve always wondered when or how this company will be able to be successful. Would Central Group shove its Lazada purchase into COL? PLANB – Their 1Q #’s were awful hence the ~20% drop in share price, but the […]
Read More →Ministry looking at land windfall tax — The Finance Ministry has floated the idea of taxing landlords who benefit from skyrocketing land prices driven by the government’s large infrastructure developments. (Bangkok Post, 13/06/16) Satellite fee structure revamp eyed — The government is considering a revamp of the operating fee structure for the satellite industry in […]
Read More →Three electric train auctions set for June — The three are the Orange Line connecting Thailand Cultural Centre with Min Buri, worth 110 billion baht; the Pink Line from Khae Rai to Min Buri, worth 56.6 billion baht; and the Yellow Line from Lat Phrao to Samrong, worth 54.6 billion baht. (Bangkok Post, 3/6/16) New […]
Read More →A few things that caught my eye, 1) The MAI is still doing poorly this year 2) Healthcare is the main sector that has performed well over the last 12 months 3) Agri + Construction have pushed the market strongly this month.
Read More →Prayuth to approve building and land tax in cabinet meeting tomorrow, according to a source. (Daily News, 30/5/16) Government Housing Bank and Government Saving Bank to discuss with Ministry of Finance regarding loan approvals since the banks need to reject about 60% of loan applications in order to adhere to the ministry’s policy. (Thai Rath, […]
Read More →There’s been a lot of hubbub in the past week that the Fed will potentially (again!) raise rates in the upcoming June meeting. Anyone else thinking that this is beginning to feel like Groundhog day?
Read More →New talks on G2G rice deal with China — THE GOVERNMENT plans to renegotiate with China deals for the sale of rice and other agricultural products after deciding to go it alone in the Bangkok to Nong Khai high-speed rail project instead of engaging in a joint venture with the economic powerhouse. (Bangkok Post, 10/5/16) […]
Read More →Just imagine how the market would be performing if it weren’t for the rapid rebound in oil prices?
Read More →