Research on Thai Markets in general and the SET Index
The trends still haven’t changed in the past month, infact it has gotten stronger with 1) Foreign investors selling in August reps 1/2 of their selling this year; 2) Local institutions are the predominate buyers still w/ their buying last month 1/4 of their purchases of the year; 3) Retail investors their buying in august […]
Read More →Quite a few things have happened in the past week that have led to foreigners selling some THB 15 bn worth of equities but with the news of the cabinet pushing stimulus programs a la Thaksin’s era and a quick rebound in oil prices have led to local participants falling over one another to pick […]
Read More →The Philippines would be a bankrupt country if it weren’t for 2 factors 1) The 2-3 million overseas Philippino’s sending their money back home (OFW’s) to support their families – according to the Philippines Statistics Office*, Overseas Filipino Workers During Six Months Prior to the 2013 Survey by Area, transferred 163 billion pesos, that is ~USD 3.6 […]
Read More →The Bank of Thailand will permit to qualified investors with more than 100 million baht of liquidity to directly invest in foreign equities, bonds, mutual funds and other financial assets, deputy governor Pongpen Ruengvirayudh told reporters Friday. Overseas investments will be limited to US$5 million per year, she said. In 2017, the BoT will relax […]
Read More →Oil plunge takes bite out of tax revenue – The Revenue Department is predicting a wider tax revenue shortfall of 220 billion baht for this fiscal year after a prolonged drop in oil prices. The Revenue Department, the major tax contributor to government coffers at 80%, earlier estimated that revenue would miss the target by up to 160 […]
Read More →It’s been a rather hectic week(s)/month(s), hence the slow blog posts and far less rambling articles. Firstly, the Bangkok bombing, I didn’t want to immediately put a long post spewing obscenities towards the fact that a military government can’t even protect one of the most visited locations in Thailand, and that Thailand’s tourism will still eventually recover […]
Read More →The latest cabinet reshuffle has quite a few interesting changes, some expected, some a pleasant surprise, others meh. Firstly the expected – Somkid in charge as a deputy PM – a positive given he “should” know something about how to boost an economy given his performance under Thaksin’s first term Pleasant Surprise(s) – Apisak Tantivorawong […]
Read More →Thailand Post performance in first half exceeds expectations – Thailand Post Co reported higher-than-expected revenue and profit in the first six months of Bt11 billion and Bt1.3 billion respectively, thanks to the rapid growth of its delivery service to serve the booming e-commerce sector. (The Nation,15/8/15) B3.4 trillion for projects over 8 years – The government has earmarked […]
Read More →The Thai market continues to wobble and is down close to 6% for the year in local currency terms, why? Last week the news was all China china china, oh and the continuing fact that Thailand’s economy isn’t performing well.
Read More →Survey: Capacity at 55% in H1 – The weak global economy has led to declining orders from overseas importers, forcing Thai industries to cut their production capacity and overtime payments to employees, reports the Employers’ Confederation of Thai Trade and Industry (EconThai). EconThai’s survey showed overtime payments in the first half of this year dropped by 21.1% because of […]
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