Research on Thai Markets in general and the SET Index
The market seems to be following the usual euphoria pattern whenever there is a new government in place, it’s the typical 1) New government, wooooooooooooooo things are going to be great, infrastructure and policies are going to be put through immediately 2) Ohh things are taking a bit longer than we expected, but the dream is […]
Read More →This has been the busiest start to a year (or lets say 6 months) that I’ve ever experienced despite the fact that I’m supposed to be on a sabbatical, and I haven’t had a moment to sit down and write my usual monthly rant on the markets, economy and politics on Thailand yet this year. […]
Read More →Thailand BoI applications plunge – New applications for investment privileges from the Board of Investment (BoI) in the first two months of this year totalled 107 projects worth a combined 17 billion baht. This represents a sharp fall of 72.6% from the 62 billion baht recorded in the same period last year, acting secretary-general Hirunya […]
Read More →There was a FTSE index re-balancing that occurred on Friday, here’s the breakdown: Large cap inclusion: TRUE (from mid cap); exclusion: BAY. Mid cap inclusion: none; exclusion: TRUE (from large cap). Small cap inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: CPNRF, SUC. All-world inclusion: none; exclusion: BAY. All-Cap (LMS) inclusion: CK, BMCL, […]
Read More →The market pullback continued last week on top of rumours of 100 sites in Bangkok would be bombed over the weekend (which never happened), and the fact remains that earnings were crap, are still crap, are likely to continue being crap for the market in general for the 1H15. Only bright spot thus far? Telco’s may […]
Read More →Thailand Working on human trafficking. The vice-chairman of the Thai Chamber of Commerce reports that government and private entities have been working to resolve the problem of foreign workers and human trafficking. This is to avoid the impact on Thailand exports. He expects Thailand’s rating will be upgraded. (Post Today, 13/3/15) Pridiyathorn: MPC rate cut […]
Read More →I’ll let the numbers speak for themselves, and I don’t expect any improvement in 1H15 yet.
Read More →The market has been see-sawing over the past 2 weeks to the downside for a few more reasons 1) BAY’s stock price continues to decline from its speculated highs 2) Earnings were mainly poor across the board for all co’s 3) Oil prices and telco’s are still not loved by the market with the continued […]
Read More →Thailand Sommai firm on land, construction tax – Finance Minister Sommai Phasee vowed yesterday that the draft land and construction tax bill would be finalised in two weeks and forwarded to the Cabinet. (The Nation, 6/3/15) Slide in consumer confidence prompts calls for rate cut – Consumer confidence continued to crumble last month, prompting a […]
Read More →Thoughts: Foreigners are still selling this market. Almost anyone you’ll talk to internationally does say that there isn’t any value in Thailand I never like seeing prop trading being one of the largest buyers, indicates that should there be a market downturn – all positions will be dumped Retail – Only came into in the […]
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