Commentary on special events in Thailand and the SET Index.
I love his memo’s and his latest one is as much of a gem as all his previous ones, Howard Marks has always been able to describe investing, the markets in such a simple and easy to understand manner. Source: Oaktree I’ll just add personal thought on liquidity that is mentioned in brief in the […]
Read More →Finally some positive news and this shows that the government agencies are finally doing some work. Which listed companies benefit? Simple, AMATA, WHA, HEMRAJ, TICON Here are the facts: The Board of Investment (BoI) is more upbeat about Thailand’s investment prospects after approving some 700 projects with a combined investment cost of 110 billion baht […]
Read More →If you want to understand why the Thai market is more volatile than the rest of the region, then here’s your answer, retail investors represent more than 50% of the daily value traded. In all honesty I do believe that this is a positive thing it provides more liquidity and lets face it, institutions aren’t […]
Read More →Earlier in the week, the International Civil Aviation Organisation (ICAO) came out saying that it had concerns about Thailand’s aviation industry, here are the facts & implications: Thai carriers could face a similar fate to that of Indonesia in 2007 when the European Union barred all 51 Indonesian airlines from landing on its runways, citing […]
Read More →Few things to note: Agriculture – No surprise here given how soft commodity prices are continually lower than they were 12 months. Electronics/Electrical Equipment – I doubt Thailand will see any double digit growth in this sector for the foreseeable future, since the floods in ’11 several electronics firms simply took their insurance checks and […]
Read More →Two points from this article caught my eye (see below) and my thoughts simply are: 1. If the Thailand, Indonesia and the Philippines are all embarking on this massive infrastructure spending, where will they get the resources from? Which construction co’s will benefit? By how much will land prices appreciate in those areas? 2. If […]
Read More →NCL sees regional potential for full-service model NCL International Logistics Plc, which listed on the Market for Alternative Investment last November, is a logistics solutions provider to industries ranging from petrochemicals and industrial goods to agriculture. Chief executive Kitti Phuathavornskul discusses the company’s strategy and outlook. What is NCL’s business model? NCL is a logistics […]
Read More →This is fairly short interview regarding the railway track plans in Thailand and China’s role. Short but interesting nonetheless Al Jazeera: Explain why trains and tracks in China are currently not compatible with those of Southeast Asia. Dr. Ruth Banomyong: There is no standard width for railways around the world. For China, it’s 1.44 metres, […]
Read More →This has been the busiest start to a year (or lets say 6 months) that I’ve ever experienced despite the fact that I’m supposed to be on a sabbatical, and I haven’t had a moment to sit down and write my usual monthly rant on the markets, economy and politics on Thailand yet this year. […]
Read More →There was a FTSE index re-balancing that occurred on Friday, here’s the breakdown: Large cap inclusion: TRUE (from mid cap); exclusion: BAY. Mid cap inclusion: none; exclusion: TRUE (from large cap). Small cap inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: CPNRF, SUC. All-world inclusion: none; exclusion: BAY. All-Cap (LMS) inclusion: CK, BMCL, […]
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