Market commentary on Thai stocks and the SET Index.
As mentioned in a previous post last week, the market continues to rally strongly on the back of ECB funding essentially saving financial institutions in the Euro zone from going bankrupt. The industrial sector has continued to perform well on the back of news that Amata and Hemraj Plc are going to have very good […]
Read More →Ploy is back to grace us with her thoughts on the markets. She delves into the SET, Asia-Pac, DJIA, SET Sectors, USD/THB and Gold. Enjoy! The world has been so peaceful lately and the SET has been gradually climbing up the ladders. Most of the charts today are updated from last week’s charts. The SET […]
Read More →The SET continues its remarkable start to the year, up 7.4% in local currency terms with the Agro & Food Industry sector leading the way due mainly to CPF expecting to have a fantastic 1Q12 earnings result. Going forward we’re looking at the continuing recovery of the industrials sector and turnaround in the resources sector.
Read More →Notable transactions: BGH – The President continues to buy a massive amount of shares TTA – The Mahagitsiri family is a new majority shareholder SIRI – The President has now accumulated over 120 mil shares in the past month TPC – Shareholders selling their company to SCC
Read More →Ploy has returned from her two week vacation and has graced us with her latest thoughts on the market. Enjoy! While I was away, the US dollar index reached the Y-resistance in the chart and has backed down ever since. I stated previously that the breakout above the Y-resistance (which was above 82.20-82.40 then) would […]
Read More →In January the SET Index performed extremely well and far above what we expected, unlimited funding for bankrupt countries with only 1% funding has seen liquidity pile into equity markets globally. The Thai Banking sector has underperformed because of the unclear deposit – B/E charges for the FIDF debt repayment issue.
Read More →We love to joke that the Bank of Thailand is always reactionary and are never adept at forecasting. A few days ago they cut interest rates from 3.25% to 3.00%, their reasons for doing so are: 1. Fear of a low economic expansion and a slow recovery from the flood crisis last year. 2. A […]
Read More →Markets are still soaring, YTD up 3.3% with all sectors in the green and only financials underperforming because of the Thai government wanting to transfer the FIDF debt burden from the government’s balance sheet to the Bank of Thailand’s balance sheet. Looks like the LTRO from the ECB is working its liquidity wonders similar to […]
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 →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 […]
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