Research on Thai Markets in general and the SET Index
I’ve been sent this article too many times to count this past week, so here are my thoughts on it: In a series of speeches, military leader-turned-Prime Minister Prayuth has claimed the country’s declining gross domestic product is the product of his valiant corruption crackdown (and partly weak exports, too). “It’s because some people spend […]
Read More →The financial media has been all over the story that Emerging Market’s are now no longer an attractive investment destination. And how can we disagree with GDP growth declining throughout the region, fund flow into European equities and fixed income continuing to accelerate and the US Dollar continuing on its tear. When the Fed first […]
Read More →MPC keeps policy rate on hold, Weak baht seen as helpful to recovery – The Bank of Thailand’s Monetary Policy Committee (MPC) yesterday kept its policy interest rate unchanged for a second straight meeting. It believed this year’s two interest rate cuts and the baht at a six-year low were accommodative to exports and an economic recovery even […]
Read More →If you want to understand why the Thai Market is still at it’s lofty levels, have a look below. Local institutions have been doing all of the heavy lifting purchasing a net + THB 42 bn this year versus foreign investors selling -THB 43 bn, this is remarkable given that local institutions still only represent […]
Read More →The market is in quite the interesting dichotomy with falling oil prices, weak bank results, a so-so gdp but with the belief of a potential recovery in the future. I have no idea how this will all unfold but I still wouldn’t be surprised to see further weakness especially given how I think the currency […]
Read More →Ahhh the wonderful quarterly letter from Jeremy Grantham of GMO, is out and it has its usual combination of wit, investment thoughts and curiousity all melded into one paper. This quarter he discusses a list of ten topics that are not positive at all for the world, but he does add in his usual but human are […]
Read More →It’s no surprise to those of us who live here that Thailand has a huge black market economy that doesn’t show up on official statistics, here are some intriguing facts: Thailand’s informal economy, the non-regulated, non-taxed part of its overall economy, made up 40.9% of the country’s GDP in 2014. Taking Schneider’s number, in money […]
Read More →A wonderful article over at Forbes that highlights the CEO’s of MNCs viewpoints on ASEAN, here’s the introductory paragraph and the link to the rest of the article In early 2015, I interviewed eight C-level executives at leading foreign multinationals as part of a KPMG sponsored report exploring the outlook for multinationals (MNCs) in ASEAN. What did […]
Read More →Note: This will be the last WHTW post including all the global news events, going forward it will just be a summary of 10 key points in total Thailand FPO still confident of 3% growth despite export woe – The decline in Thai exports is not as bad as those experienced by some of neighbouring […]
Read More →Just have a quick look @ the below table, it explains itself
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