Research on Thai Markets in general and the SET Index
Volatility reigns supreme these days in the financial markets and with the Fed meeting in the next week we have our doubts it will subside. The Thai baht itself has continued to weaken and passed 36 to the USD yesterday, and we wouldn’t bet against a further weakening for the rest of the year. Anything […]
Read More →Consumer confidence hits 15-month low – The Ratchaprasong bombing, a dropping SET Index, and the sluggish economic growth in China beat down Thai consumer confidence to a 15- month low in August, with confidence in travel, investment and purchasing power hitting a 122- month low. (The Nation, 4/9/15) Economic stimulus set to boost premiums – […]
Read More →Bill Gross’ latest paper is out and here are some snippets. The Fed, however, seems intent on raising FF if only to prove that they can begin the journey to “normalization.†They should, but their September meeting language must be so careful, that “one and done†represents an increasing possibility – at least for the next six months. […]
Read More →A deadcat bounce? The Dow Jones and the S&P both dropped close to 3% last night, Thailand’s SET was flat most of yesterday until the last hour where it dropped -1.5% and this AM we see the China has decided to drop another 3% at the open. The police pay themselves the reward of THB […]
Read More →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 […]
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