Research on Thai Markets in general and the SET Index
His latest paper is a discussion on the low interest rate environment and how he plans to navigate it going forward, it is quite the enjoyable read, here’s a snippet and link to the rest of the article. On the bond side, my famous (infamous?) “Short of a lifetime†trade on the German Bund market […]
Read More →Here are some comments from around the Web + my own at the bottom Thailand is the least preferred equity market in Southeast Asia given lofty valuations and ongoing political uncertainty, Morgan Stanley wrote in a report this week, predicting a possible 10 percent decline in the MSCI Thailand Index in dollar terms. The baht […]
Read More →The market continues to wobble around the 1,500 levels, why? Well economic growth is still a bit meh, more importantly earnings are meh and in reality we aren’t going to see anything wonderful until infrastructure spending actually kicks in, and the market is still pricing in those potential high levels. Going forward we may have […]
Read More →Thailand Economy will expand by 4.7%: Prayut – Prime Minister General Prayut Chan-o-cha expects the economy to expand by 3.7 to 4.7 per cent next year, when the government starts spending the Bt2.72-trillion budget earmarked for the 2016 fiscal year. (The Nation, 22/5/15) Baht to remain volatile for now, BOT warns – The Baht will […]
Read More →And yet people wonder why there are so many accidents…investment wise – insurance premiums to increase in the future? Source: Bangkok Post
Read More →It isn’t a secret that Thailand hasn’t really invested in its own infrastructure since before the Asian Financial Crisis, granted we have had the creation of the skytrain, subway and airport, but these were all Bangkok-specific and not throughout the whole country. Investment made up about a fifth of total spending in fiscal years 2002 through […]
Read More →It’s that wonderful time of the year where the public can listen (or even stream online) to public companies present their business model, latest performance and so forth, there are some 100 companies this year, click the link below to see the whole schedule. https://www.set.or.th/set/oppdaybyperiod.do
Read More →It’s no surprise that 1Q15 numbers were weak, for the full year I have my doubts on Thailand being able to achieve the 3.4% prediction that comes out of the government, why? Exports are weak, Imports will pick up (should oil prices maintain these lvls), Consumption is weak (debt is too high), Government spending is […]
Read More →The market rebounded slightly last week but is still under pressure with earnings and expectations of government actions finally declining to reality. This morning Thai GDP numbers are to be released and we’ve heard that more Trigger Funds are going to be issued by asset managers which may buoy the market slightly for the next […]
Read More →The consistent winners: Construction materials, tourism & leisure, food & beverages and insurance all had decent YoY and QoQ Â growth rates The consistent losers: Construction services, personal products & pharma had rubbish YoY and QoQ growth rates. Anything interesting? Agricultural seems to be a cyclical funk, wondering out loud when will it rebound? Transportation & […]
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