Market commentary on Thai stocks and the SET Index.
World news has thankfully been quiet for the past few weeks b/c of the olympics and European politicians on their summer holidays. Sector wise, financials were hit on the back on short term profit taking while the industrials sector (mainly are export manufacturers) had a stellar week on the back of strong earnings announced during […]
Read More →Notable Transactions: Buy(s): BLAND – The President accumulated an additional Bt. 50 mn worth of shares last week, we’re not expecting the stock price to fall any time soon. Sell(s): Nothing to report here
Read More →Its been a quiet week in terms of economic news and events, which is perhaps why markets have just been in a lull globally without major movements either way. Positives: Thai government keeps VAT at 7% for another 2 years The transportation ministry will submit the Motorway project valued at Bt 114 bn to the […]
Read More →This long weekend I’m fairly certain every analyst covering Thai equities will have to update their models and what not, I know my team and I certainly are. A flurry of earnings were released today and the last day for earnings announcements are next Wednesday 15th August. I’ve noticed some basic trends thus far but don’t quote me on it […]
Read More →Telecoms brought the market back up strongly along with a rally again in financials post their 2Q12 earnings short term sell off. Going forward except the same news revolving around a slowing European economy, China, US etc etc. What will be interesting is to see how the Energy sector performs this coming week with oil […]
Read More →The cabinet decided on Tuesday to keep value-added-tax (VAT)at seven per cent for the next two years, deferring the Finance Ministry’s proposed hike to nine per cent, and approved a four-point rehabilitation plan proposed by the National Economic and Social Development Board. I’m happy to see this happen for selfish reasons, in that the price […]
Read More →The House of Representatives, at its special meeting on Wednesday, voted 272-1 to move 10 bills up to the top of the agenda, placing them ahead of the four reconciliation bills. Source: Bangkok Post Plenty of press over Yingluck’s government pushing the reconciliation bill further down the Things to do List for Thai parliament. This is short-term […]
Read More →Thailand’s economy still expanded in June but at a lower rate b/c of Europe but it was good to see domestic demand and tourism expanding stronger than most peoples expectations. Just quickly: Manufacturing – contracted by -9.89% (Europe) Consumption – PCI rose +4.4% Investments – PPI rose +18.3% (Auto industry mainly) EXIM – Exports declined […]
Read More →Last week saw the SET wobble slightly with profit taking seen in the Banking sector and weakness in the Agro & Food sector because of rising soft commodity prices. Going forward expect the usual, crappy growth out of Europe because of the austerity measures put in place 3-6 months ago, China slowing, and Thai corporate […]
Read More →Positives: ECB shouts from the rooftops saying that they’ll save the Euro China’s latest manufacturing index rises to 49.5 a 6 month high Thailand maintains it key policy rates at 3% Negatives: German IFO business confidence falls to lowest since Mar ’10 UK GDP in Q2 falls .7% q/o/q, down for 3rd straight quarter Euro […]
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