Research on Thai Markets in general and the SET Index
Land tax tweaked to spur activity. The land and buildings tax to be levied on vacant land will increase by 0.5 percentage points every three years until it is capped at 5%, says Deputy Finance Minister Wisudhi Srisuphan . (Bangkok Post, 14/02/17) Ministry of Commerce expects Thai economy to grow 3-4% since higher oil prices […]
Read More →We are starting to see some weakness in certain sectors this year. basically the ones that have done very well in 2016 i.e. every commodity based company.
Read More →Thailand delays launch of $2.9-bln infrastructure fund to second quarter. Feb 8 Thailand plans to launch a 100-billion baht ($2.85 billion)infrastructure fund in May or June this year, the finance minister said on Wednesday, as the military government seeks to fund investment projects to boost a sluggish economy. Last month, a ministry official said the […]
Read More →I’ve noticed that the 10 year thai gov bonds are now yielding ~2.4%, just 12 months ago it was at ~1.6%. With the current divvy for the SET only at 3% will the yield chasers switch away from equities to go back to fixed income products? Interesting to note that healthcare hasn’t been performing well […]
Read More →Bitcoin Is it possible that bitcoin has replaced gold as the go to safety currency during times of volatility and political turmoil? As ridiculous as this may first sound it may very well be the case when you look at these charts. We’ve seen the dollar go on a massive run in the past few […]
Read More →Minister of Finance expected GDP growth of 4% due to mid-year budget of Bt190bn and better exports growth. (Thai Post, 30/1/17) BoT expects mortgage loan growth to slow down as a result of slowing demand and high household debt rather than banks’ tightening policy. (Bangkok Biz, 30/1/17) FPO raises growth forecast for GDP. The Fiscal […]
Read More →So its the year of the rooster and CLSA has come out with their usual As the Year of the Rooster dawns, casino shares may be your best bet in Hong Kong… Gambling and transport stocks will kick off the new lunar year on a stellar note, according to CLSA Ltd., an offshore unit of […]
Read More →It’s earnings season and banks have come out with marginally better than expected #’s across the board, you could argue that they are being playful with their provisions/npl’s but #’s are #’s.
Read More →There’s quite a bit to digest in this latest quarterly letter from GMO, I’ve put in some snippets below but there’s far more thoughts and analysis in the paper itself. The overwhelming driver of the spike in productivity in that decade was the extraordinary growth in production of IT equipment, which grew at 10% real […]
Read More →Exports see marginal rise in 2016. Thailand’s exports rose for a second straight month in December, enabling the performance in 2016 to eke out a marginal growth of 0.45% in 2016, ending three years of contraction. (Bangkok Post, 25/1/17) Big-ticket infrastructure projects get PPP go-ahead. Seven big-ticket infrastructure projects worth 712 billion baht under the […]
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