Commentary on special events in Thailand and the SET Index.
Back in May I posted this A few things to note: The SET has only been around since 1987 Looks like the 1st Quarter post a coup is great, 2nd quarter is rubbish With the market off some -1% as of writing some people are getting nervous (they haven’t seen a drop […]
Read More →Key points of interest: Agriculture still in the doldrums overall on the back of lower soft commodity prices on a YoY basis Rice has increased dramatically, especially since the NCPO came in CLMV nearly @ 10% of total exports, on par with China/US/Japan/EU
Read More →I do keep my eye on potential risk factors for equity markets in general, low volatility + increased geopolitical risks do worry me slightly as risk premiums may rise on investments globally, but does this mean one should just shun all investments together? No I’ve learnt from the past that while the Bears make the […]
Read More →Jeremy Grantham of GMO is another must read quarterly letter, this time around he writes about the dreams of opportunities, cultural differences, the potential of the biggest M&A boom to come and how equity markets are still likely to do fine, even though he expects returns to be sub-par on a 7 year basis. Enjoy. […]
Read More →Well that was fun morning session with the NCPO announcing a postponement for the 4G, specifically that it would auction in July next year 25 MHz of bandwidth on the 1800 MHz spectrum and 17.5 MHz on the 900 MHz spectrum. What happened? Well let’s have a look @ the charts. The telco sector is […]
Read More →Union Intraco gains face with expansion into cosmetics and personal care Union Intraco Plc (UIC) is a MAI-listed trader, developer and distributor of specialty chemicals. Chief executive Perajad Suwannapasri discusses the company’s outlook. Perajad: UIC looking for new opportunities What is UIC’s business model? 2014 is a year of change for UIC in terms of […]
Read More →Yesterday the junta/government decided to waive visa fee’s for 3 months as part of an attempt to revive tourism. What has happened since, every hotel stock (centel, mint, erw) performed well, most airline names (aav, thai, nok) have performed ok too. Now this isn’t the first time that Thailand has done something to boost tourism, […]
Read More →A wonderful op-ed over @ the FT (link below) where El-Erian discusses the relationship between investors and economists and arguably how economists aren’t necessarily the best sources of information when making investment decisions. Enjoy the read 🙂 Judging by past experience, economists are not well placed to make confident predictions about the risk of greater […]
Read More →Talks between the Finance Ministry and the Federation of Thai Capital Market Organizations (Fetco) over renewing tax deductions for investment in long-term equity fund (LTFs) remain inconclusive, making it likely the rule will be reduced or scrapped. Source: Bangkok Post LTF’s and RMFs had dramatically changed the Asset Management industry structure in Thailand since inception. […]
Read More →With Thai Bond yields and the Baht strengthening to 3.19% and 32.13 this morning, we had a quick look @ how much has been bought in the past 3 weeks. Basically we’ve seen (see charts below) foreign investors buy up some THB 15 bn in the past 3 weeks and in the same period the market […]
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