Research on Thai Markets in general and the SET Index
Thailand FY2016 budget approved – The economic ministers’ meeting chaired by Prime Minister Prayut Chan-o-cha yesterday approved 2.72 trillion baht worth of expenditure to run a 390-billion-baht budget deficit in fiscal 2016. The budget framework is based on projected economic growth of 3.7% to 4%, with inflation of 1.2%. (Bangkok Post, 25/4/15) FIDF contribution kept […]
Read More →I’m currently only half way through reading the english draft of the constitution and nothing has really surprised negatively yet, but here’s a viewpoint from bloomberg To break this deadlock, the new constitution would weaken the clout of elected politicians. A proportional voting system would encourage smaller parties and coalition governments in the lower house […]
Read More →Thailand Lots of interest in IHQs promotion – The Board of Investment (BoI) said many companies from China, Japan, and US are joining the International Headquarters (IHQs) and International Trading Centres (ITCs) program to use Thailand as a hub for AEC trading in the future. The BOI also believes a new tax incentive measure from […]
Read More →The market continued to rally on the back of prop trade buying and some foreign buying. The recent movements of other equity markets have caught my eye, Greece is back on the news although the ECB does say that they’ll be safe, lets see how it all unfolds.
Read More →Thailand Tourism and private consumption to boost GDP – Akom Termpittayapaisit, Secretary General of the National Economic and Social Development Board, said tourism and private consumption should push 1Q15 GDP to reach 3%. The economy in 2H will be stimulated by government spending on roads and motorway construction. He also expressed support of building a […]
Read More →Anyone else see the market movement today? Oil prices up = Energy sector up +5% = SET up +1%.
Read More →This piece from Quartz explains quite simply where Thailand’s power is going. But the true cost may extend beyond Thailand’s borders. In part because of the city’s intense climate—it is one of the hottest big cities in the world—Bangkok malls and their massive air conditioning systems consume immense amounts of electricity. The huge Siam Paragon […]
Read More →A joke amongst friends is how if CP Group were to ever go under then SCB’s entire equity base would be wiped out. Then again that isn’t likely to happen anytime soon. Siam Commercial Bank emerged as the top banker to CP Group, controlled by Thai tycoon Dhanin Chearavanont, pocketing $40 million. Dhanin has stepped up […]
Read More →Data Source: SETSMART, Note: Dark Green - Local Investors; Yellow – Local Institutions; Blue – Prop Traders; Army Green – Foreign investors Â
Read More →The latest trend/headline that is popping up more and more often is that Vietnam is the place to be as a manufacturing base for the region because of its younger/cheaper population. And its a story I believe, Thailand, in my viewpoint is still relatively safe for the next 10 years but after that, I wouldn’t […]
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