Research on Thai Markets in general and the SET Index
In a nutshell Feb #’s looked like they were saved by the sweetness of sugar which somehow jumped some 78% YoY in value terms, this despite Brazil still dominating the world w/ their weak currency. Something positive to note is that exports to ASEAN and Japan (combined ~50% of exports) picked up for the first […]
Read More →Just made public is this interview done by the FCIC and Warren Buffet, it’s 1 hr 39 mins so sit back and enjoy listening to him discuss his investment ideas and process. Audio Link: FCIC Transcript link: Ritholtz
Read More →Dividends dividends and more dividends shall be paid out over the next few weeks and typically ends by the 1st week of May. This combined with people still hanging onto the hope that 1Q16 #’s will show an improvement (we have our doubts, retail looks dead) has kept the market rather buoyant. Now telco’s – […]
Read More →Tax cheer for Songkran? — To heat up local dining and travel during the sweltering Thai New Year season, the government plans to roll out a new tax incentive scheme aimed at sparking a Songkran spending spree amid the languid economic recovery. (Bangkok Post, 21/3/16) Stimulus deadline spurs race to cut rates — Mortgage competition […]
Read More →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 […]
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