Commentary on special events in Thailand and the SET Index.
Who still listens to credit ratings? S&P’s senior director of sovereign ratings Tan Kim Eng said on Thursday that S&P’s decision  as based on the fact that Thailand is at risk of having a problem of high public debt in the future, even though it has strong economic fundamentals. Regardless, Thailand maintained its BBB+ rating […]
Read More →As a sector its earnings grew 25% YoY with KK, BAY, KBANK, and KTB showing incredible earnings growth. The combination of a recovering Thai economy from the 2011 floods, automobile incentive scheme, housing schemes, reduction in corporate income tax from 30% to 23% all boosted their earnings strongly. Going forward however the same elements aren’t […]
Read More →Amata Corporation Plc is Thailand’s leading developer of industrial estates, established in 1989 and listed on the Stock Exchange of Thailand (SET) in 1997. It is the flagship of the Amata Group, with 15 subsidiaries that manage the supply of utilities, infrastructure and services in Amata industrial estates. Chief operating officer Viboon Kromadit discusses the […]
Read More →More populist policies from the government, I won’t start a rant about how the government is throwing more of my tax-paying money for their own self interests i.e. CTH, but will try to consider this from a stock perspective. Who benefits? Well I believe Grammy, RS, and Work will be benefit as they are linked […]
Read More →Applications for Board of Investment (BoI) privileges in 2012 topped 1.46 trillion baht, the highest ever, Industry Minister Prasert Boonchaisuk said on Thursday. The number of projects rose from 2011 by 29.7%, while investment worth was up 131%. These investment projects would create an estimated 348,866 jobs, the minister said. Â Source: Bangkok Post Booyah! This […]
Read More →Want to know know why there has been massive volume in the market over the past week? Temasek Holdings Pte and its partners sold 20.9 billion baht ($687 million) of Shin Corp. (INTUCH) shares, paring its stake in the company that controls the biggest Thai mobile-phone operator. Singapore’s state-owned investment company and its partners in […]
Read More →Saw this on a paper from SocGen. Global markets have been on a roll since 2009 with essentially unlimited liquidity from the central banks around the world and for the first time last week, Bernanke hinted towards an end of QE3. I believe the below quote summarises the key outcomes best. “Â WHEN WILL THE FED […]
Read More →From the front page of the economist, pictures say a thousand words. Source: The Economist
Read More →Despite what people say, we think the impact of the village fund that Thaksin implemented years ago can already be seen with the growth in each and every region outside of Bangkok, the expansion of Tesco’s, BigC’s, 7-11s, motorcycle sales, pick-up sales, consumer goods and electronics in the past 10 years is evidence of it, […]
Read More →If you thought Thai politics was asinine, the yanks aren’t doing that much better, the ongoing fiscal cliff debate has only proven this. The markets reaction seems to be “wooo at least something got done” but thats akin to hearing a parent say “I take care of my children.” The wall street economists have come […]
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