Research on Thai Markets in general and the SET Index
There’s only two things on my mind, first BJC buying over BIGC – should be a non-event, second, will JAS’s CEO pull a rabbit out of his ar$e and magically come up with bank guarantees by the 4.30 PM deadline today?
Read More →B90bn set aside to aid rural areas — The government is poised to earmark 90 billion baht to support local development and ease the impact of the drought and slowing economy in rural areas. (Bangkok Post, 18/3/16) 2-in-1 strategy in bid to ease new tax pain – Draft bills on the new personal income tax […]
Read More →And the roaring start to the year continues for the SET, up 8.2%, driven by resources, tech (read telcos) and financials. Earnings last year were so-so @ best given the multiple write-offs by the resources sector, insurance seems to be suffering this year along with the MAI index still down -3.7%. Now we wonder aloud…with […]
Read More →The ECB is following the route of Japan with the latest announcement this week of continuous easing by lowering the deposit facility rate by another 10 bps to -0.4%, the main refinancing rate was cut to zero, quantitative easing was raised to EUR80bn/month with effect from next month and corporate bonds are now included. In addition, […]
Read More →Ministry of Finance to open free trade for gold and jewelry – The Fiscal Policy Office (FPO) will study this. The idea is to position Thailand as a jewelry hub. (Thai Post, 7/3/16) More help on way for farm sector — The government will introduce a new stimulus package aimed at spurring the grassroots economy […]
Read More →Bill Gross’ latest paper is out and as usual there are some great nuggets of information especially in this discussion in regards to negative yields and their impacts on bonds, funds, banks etc etc…here we still wonder aloud, if yields are negative does the good old fashion discount rate still matter? What readers should know […]
Read More →It has been a long time since we’ve seen so many green bars for sectors on the SET. Earnings season finishes today and it has be o-k so far. I’m still curious to see how this constitutional draft well be completed…
Read More →Humour Would you believe it if I said that Thailand is the second best performing market in Asia this year? Nearly +4.5% in USD terms Airlines Nok Let’s start with Nok Airways, it appears that ever since its ludicrously expensive IPO Â no one has been a believer in Nok Airways, perhaps its the way that […]
Read More →January export value slides by 8.9% — JANUARY’S export value continued contracting by 8.9 per cent to US$15.71 billion on the same global factors – slumping demand and rock-bottom crude-oil prices. (The Nation, 26/2/16) Household debt expected to remain above 80% of GDP — THE LEVEL of household debt this year is expected to continue […]
Read More →Would you believe it if I said Thailand is the 2nd best performing equity market in Asia? Well its true! Just after Indonesia and in both USD and local currency terms. Â Has all the bad news been priced in? Is it now time to start dreaming again? Or are we going to be experiencing further […]
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