Sector Update 30/12 – 03/01
Welcome to 2014! Local fund selling has hurt the energy sector, news says its on the back of LTF redemption.
Read More →Category: Market
Market commentary on Thai stocks and the SET Index.
Sector Updates 23/12 – 27/12
Some may say 2013 was a year to forget, I considered it to be an amazing year, we saw the euphoric investor sentiment in the first half of the year with valuations of almost every sector (ex. energy) pushed to silly levels and EVERY investor thought that they were rock stars, then in the 3Q […]
Read More →Random Thoughts: Fed Policy
So last week the news out of the Fed meeting was that they would reduce its monthy bond purchases to USD 75 bn from USD 85 bn. Bernanke retires @ the end of January and Yellen then takes over, whats the Fed policy likely to be going forward? See below…
Read More →What happened this week 16/12 – 22/12
All the news and data points towards the world doing marvelously well and Thailand bickering like children Thailand ADB and World Banks downgrade short term economic outlook for Thailand. GDP forecasts by both is 2.9%, with outlook for next year at risk, mainly on political concerns. (Kom Chad Leuk, 16/12/13) Election policies are key to […]
Read More →What happened this week 25/11 – 29/11
Thailand Rate cut to offset mounting risks, growth also slashed to 3% from 3.7% — The Monetary Policy Committee (MPC) unexpectedly lowered the policy interest rate by 25 basis points yesterday to 2.25% following rising downside risks to growth partly triggered by the ongoing political tensions. (Bangkok Post, 28/11/13) Export growth this year to be […]
Read More →What happened this week 18/11 – 22/11
Thailand Foreign institutes worry about rice support — Knowledge Network Institute of Thailand Policy Research Institute (KNIT) says that since the IMF has raised questions about the government rice subsidies scheme, several foreign institutes have asked KNIT to release some of its statistics on the matter, saying that the rich subsidies scheme is one of […]
Read More →Random Thoughts: Politics & Telecoms
Politics – This is the first time I’ve seen so many white collar folks actually join in protests, Mr. T your respect is waning rather quickly, perhaps he should be less dictatorial in pushing things through parliament Politics – CP Group had been telling their staff to take the day off and to go and […]
Read More →What happened this week 28/10 – 01/11
Thailand Shrimp, industrial goods lead 7% export decline – Thailand’s exports fell by 7.09% YoY in September, bringing the nine-month expansion rate to a marginal 0.05%. With it, the Commerce Ministry admitted yesterday the country will likely end the year with shipments far from its growth target range of 3-4%. (Bangkok Post, 26/10/13) BoT ditches […]
Read More →Thailand & Philippines still growing the best in ASEAN
I love this quarterly release from Vincent Fernando over @ Religare where they track earnings growth vs market performance on a sector basis for countries in ASEAN. So as a quick summary this is what he sees for ASEAN Banks, non-coal energy, materials , retail and telecom offer the best growth in ASEAN by sector. […]
Read More →Sector Update 21/10 – 25/10
Markets been fairly quiet for the past week, mid-week break resulted in a lot of people taking time off and that was obvious in the volumes as well. Major news? Well exports for Sept were poor @ -7.1% and the BoT lowered GDP growth for 2013 n 2014 to 3.7% and 4.8% from 4.2% and […]
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