ThaiCapitalist Commentary
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 →Times are changing here in the land of smiles, with this recent development on the front page of Bloomberg this morning that a group wants to alter the lese majeste laws here in Thailand. Over the past few years too many different groups have used the lese-majeste law as a political tool against their enemies to […]
Read More →This government is proving to be fantastic for the stock market in Thailand, first with its plans to drop corporate income tax rates to 20% over the next few years and now this. The Stock Exchange of Thailand (SET) would be delighted if the Revenue Department waived dividend taxes, especially since this would boost sentiment […]
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 →My good friend Roger, who’s doing his PhD specifically on Myanmar recently wrote this paper on the developments there today. It’s a country that is going to grow extremely quickly, my only fear for them is that the government takes a short term viewpoint to the country’s future, although I’ve been assured by several parties […]
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 […]
Read More →A new year a new start, 2011 was the year of telecos (dtac, advanc) and service cos (bigc, cpn, robins, makro), this year I’m still looking and expect energy to perform well especially if Iran and the US decide to make the headlines. Not to be left out are a few select companies in the Industrial’s sector, […]
Read More →The Thai Government has been looking for a way to transfer the country’s debt from the ’97 Asian Financial Crisis to the balance sheet of the Bank of Thailand. Its been going back and forth for the last few days and now it looks like that the idea is scrapped for the time being. I […]
Read More →Tech continued its massive run with DTAC announcing a 20% dividend yield. Hmmm a telco that decided to borrow THB 30 bn to pay a THB 39 bn dividend, essentially wiping out its retained earnings, currently investing minimally in the network, is Telenor finally going to leave Thailand after being fed up with this AIS-TOT, […]
Read More →Latest thoughts from Ploy ! As we are in the last week of the year 2011, there is no joy to the world of investment. The SET hit the cycle resistance during Christmas and fell back down, as the Baht is weakened against the Dollar. From the chart, the Baht/Dollar exchange rate may head up […]
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