Thailand in 4 charts
Source: The Economist
Read More →Category: Market
Research on Thai Markets in general and the SET Index
Howard Marks Memo: It’s not easy
…he said something about investing that I keep going back to: “It’s not supposed to be easy. Anyone who finds it is easy is stupid.” Source: Oaktree Capital Sit back, grab a cup of coffee and be prepared to spend your whole morning reading, re-reading, and highlighting this latest memo from Howard Marks.
Read More →WHTW: Top 10
CB Leaves Rates On Hold as Investors Look to Draghi for QE Hint – The European Central Bank left interest rates at record lows, shifting the focus to President Mario Draghi’s press conference for clues on whether he sees a need to step up stimulus. The 25-member Governing Council kept the main refinancing rate at […]
Read More →Thai cross-border trade: in structural decline?
A great article I just found on the FT’s website talking about how the changes in the Mekong trade are affecting Thailand’s trade with its neighbours, the key points are as follows: Credit-fuelled consumption booms in Laos and Cambodia have begun to soften, while Myanmar is diversifying its trading relationships. The result has been sharp falls […]
Read More →Market Update 31/08 – 04/09
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 →WHTW: Top 10
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: “Size matters”
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 →Random Thoughts – Deadcats, rewards
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 →Investor Movement – August ’15
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 →Market Update 24/08 – 28/08
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 →