Thailand in 4 charts
Source: The Economist
Read More →Category: Special Events
Commentary on special events in Thailand and the SET Index.
Howard Marks Memo: It’s not easy
…he said something about investing that I keep going back to: “It’s not supposed to be easy. Anyone who finds it is easy is stupid.” Source: Oaktree Capital Sit back, grab a cup of coffee and be prepared to spend your whole morning reading, re-reading, and highlighting this latest memo from Howard Marks.
Read More →Co Visit: Sri Trang Agro-Industry Plc (STA)
Full integration helps STA stretch its reach Sri Trang Agro-Industry Plc (STA) is the world’s largest fully integrated natural rubber company and listed on both the Thai and Singaporean stock exchanges. Executive director Veerasith Sinchareonkul discusses the company’s strategy and outlook. Please explain the history of STA. STA was founded in 1987 focused on producing […]
Read More →Thai cross-border trade: in structural decline?
A great article I just found on the FT’s website talking about how the changes in the Mekong trade are affecting Thailand’s trade with its neighbours, the key points are as follows: Credit-fuelled consumption booms in Laos and Cambodia have begun to soften, while Myanmar is diversifying its trading relationships. The result has been sharp falls […]
Read More →Bill Gross: “Size matters”
Bill Gross’ latest paper is out and here are some snippets. The Fed, however, seems intent on raising FF if only to prove that they can begin the journey to “normalization.†They should, but their September meeting language must be so careful, that “one and done†represents an increasing possibility – at least for the next six months. […]
Read More →Random Thoughts – Deadcats, rewards
A deadcat bounce? The Dow Jones and the S&P both dropped close to 3% last night, Thailand’s SET was flat most of yesterday until the last hour where it dropped -1.5% and this AM we see the China has decided to drop another 3% at the open. The police pay themselves the reward of THB […]
Read More →Investor Movement – August ’15
The trends still haven’t changed in the past month, infact it has gotten stronger with 1) Foreign investors selling in August reps 1/2 of their selling this year; 2) Local institutions are the predominate buyers still w/ their buying last month 1/4 of their purchases of the year; 3) Retail investors their buying in august […]
Read More →Random Thoughts – Philippines, markets, share buybacks
The Philippines would be a bankrupt country if it weren’t for 2 factors 1) The 2-3 million overseas Philippino’s sending their money back home (OFW’s) to support their families – according to the Philippines Statistics Office*, Overseas Filipino Workers During Six Months Prior to the 2013 Survey by Area, transferred 163 billion pesos, that is ~USD 3.6 […]
Read More →Baht hits 6-year low as BoT eases foreign-investing rules
The Bank of Thailand will permit to qualified investors with more than 100 million baht of liquidity to directly invest in foreign equities, bonds, mutual funds and other financial assets, deputy governor Pongpen Ruengvirayudh told reporters Friday. Overseas investments will be limited to US$5 million per year, she said. In 2017, the BoT will relax […]
Read More →Co Visit: Project Planning Service Plc (PPS)
Added value and ethical practices underpin Project Planning Service Project Planning Service Plc (PPS), which has been listed on the Market for Alternative Investment since September 2012, is a major engineering professional services firm. Phongthon Tharachai, deputy managing director, discusses the company’s strategy and outlook. What is PPS’s business model? We offer a comprehensive range of […]
Read More →