Research on Thai Markets in general and the SET Index
B99bn allotted for transport in 2017. The government is set to spend 98.8 billion baht next year to develop logistics networks, including three motorways and 10 electric train projects. (Bangkok Post, 7/11/16) CPI tweak for Internet, phone fees — THE COMMERCE Ministry will adjust its inflation calculation system by increasing the weightage for Wi-Fi and […]
Read More →An indirect discussion on investments via politics, a democratic system and class warfare. Needless to say it’s quite a good read, see below for a snippet and a link to the rest of the memo. The trends discussed above – and resentment over experiencing them, fear of doing so, and anger upon seeing them at […]
Read More →So we are in the last two months of the year. Every year for the longest time I always remember brokers calling for the year end rally with LTF & RMF buying as a major source of funds coming into the market but if you look at the 4Q performance of 2013, 2014, and 2015, […]
Read More →In the past 2 weeks I’ve done 3 different countries for various reasons and I’m basically done with the international traveling for the year I think, although Vietnam does tempt me, what have I learnt, in a nutshell, Singapore is suffering basically from a decade of fantastic growth, rental rates have killed the retail market, I see far too […]
Read More →3.3% growth in GDP expected. GROSS DOMESTIC product is forecast to expand by 3.3 per cent this year on increases in the government’s investment and other spending,while next year’s growth is estimated at 3.4 per cent, said Finance Ministry spokesman Krisda Chinavicharana. (The Nation, Kao Hoon 29/10/16) Thai Sept factory output unexpectedly rises for 2nd […]
Read More →Cabinet approves budget worth Bt17.5bn for Village Funds. The cabinet yesterday approved a 17.5-billion-baht budget for 74,655 Village Funds across the country at 250,000 baht each for local development. The move is a fresh bid to boost the rural economy, prevent people from borrowing from loan sharks and maintain the country’s economic momentum in the […]
Read More →So that week is finally over, the market has regained some strength with continued buying by local institutions (interesting that everyone else i.e. retail/foreign investors are selling post the strong rebound). It is earnings season again, 3Q16 numbers have started coming out of the finco’s and aside from TISCO being able to perform well (by […]
Read More →The Thai stock market has been rather volatile because rumours of the King’s health in September and his unfortunate recent passing. A lot of questions were asked throughout the market regarding how on earth did the market rebound so quickly the day of the event. Some say it’s a “Sell the rumour, buy the fact” others point […]
Read More →Fed’s Yellen sees benefits in letting inflation exceed central bank’s 2% target. It may be wise to run a “high pressure†economy with a tight labor market to reverse some of the negative effects of the Great Recession, Fed Chairwoman Janet Yellen said Friday. (Marketwatch, 15/10/16)  Consumer Sentiment in U.S. Unexpectedly Drops as Outlook Sours. […]
Read More →Well that was one volatile week. Like a lot of others, I was properly surprised by the sudden local institution buying on Thursday and definitely had expected for the market to go to 1,200 if not lower. Does this mean that the volatility is over? Nope far from it, but from where I’m sitting I […]
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