Research on Thai Markets in general and the SET Index
State budget disbursements for FY2016 hit Bt1.05 trillion, ahead of last year’s levels — Government budget disbursements for fiscal 2016 – already reaching Bt1.05 trillion as of last Friday – are running ahead of last year because state agencies have made timely preparations for their procurement and hiring. (The Nation, 3/2/16) Japanese investors want Thailand […]
Read More →There’s something wonderful about the month of February, not only is it the Chinese New Year celebration period but this month…there are no planned announcements by any of the major central banks…so expect a month filled of rumours, market moving events, and perhaps some fundamentals…..
Read More →It’s been yet another interesting week with these four key points dominating the discussion and the movement in the market. Before we get started a proper random thought: Why do dentists ask you questions whilst they are drilling your teeth and expect an response? Japan’s Central bank has now come out with its umpteenth arrow […]
Read More →Mega-projects to be underway by midyear — The government will make an effort to get going on its mega-projects this first quarter, or by no later than midyear, said Somkid Jatusripitak, the deputy prime minister in charge of economic affairs. “We expect to disburse a total of Bt66.8 billion from the investment budget this year,” […]
Read More →The market has pulled back slightly in line with oil prices and with very limited foreign selling. What’s next ? Well the Fed is supposedly going to announce a few things this week, I expect for China to be stricter with its currency and that should alleviate concerns and with the dividend yield of the […]
Read More →DoubleLine has come out with their latest quarterly commentary and given that they are the largest bond house in the world is worth a read. In the quarterly letter a lot spoken is things that we already know i.e. USD strength, China etc..but it’s just interesting to note their viewpoints on high yield debt, other […]
Read More →So a few readers have asked for some reit/prop fund/iff data and here are the top 10 traded ones. Source: SET, 18th Jan 2016
Read More →B58bn for investment in fiscal year’s H2 — A total of 58 billion baht for investment in infrastructure megaprojects is expected to be drawn down in the second half of fiscal 2016, says the Public Debt Management Office (PDMO). (Bangkok Post, 19/1/16) GHB to expand loans for low-income people to Bt25bn from Bt20bn, after more […]
Read More →Despite it being a start of a new year the same questions/scenarios remain… What if the ISM figures in the US stay below 50? Does it lead to a recession in the US? Forces the feds to not raise rates but instead cut them? If the USD declines? Oil prices recover? Capital flows back into […]
Read More →As always, an incredibly enjoyable read! I still need to re-read this a few more times but here are some snippets and a link to the rest of the memo “Everyone knew†for years that the Chinese economy had been overstimulated with cheap financing, and that this had led to excessive investment in fixed assets. […]
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