Research on Thai Markets in general and the SET Index
I’ve been reading Barry Ritholtz’s writings for the past 7 years and have always enjoyed his insights, this latest post in The Washington Post struck a chord for me. After being in the industry for 10 years, the first 6 years I was spewing forecasts left right and center (like every new dumb kid in […]
Read More →The facts: In 2014 Thailand exported 10.8 million tonnes of rice, an increase of +63.6% from 2013 Global rice trade is expected to hit 41.9 mn tonnes this year (last year was 41.88 mn) World’s rice consumption is 483 mn tonnes Questions from this Can you imagine how poorly the previous government managed the rice […]
Read More →The only thing on people’s minds this week appears to be europe europe europe, a potential QE4 from there and people talking about the ramifications of the recent super strengthening in the Swiss franc, fun times!
Read More →Thailand Public Debt down in November – The PDMO said the country’s public debt came down Bt10.42bn to Bt5.62trn in November. (Thai Post, 10/1/15) Sommai has tax reforms top of agenda – The Finance Ministry will take another year to complete tax reforms that focus on widening the collection base, closing loopholes used to avoid […]
Read More →The latest method to manipulate stocks in the past 18 months has been for dodgy companies to issue PP’s (yes yes they say its to raise capital, but just look at who the shareholders are) to large investors, which essentially provides to them a massive # of shares for them to control the demand/supply on […]
Read More →A volatile start to the year with the market dropping and recovering quickly, there are several factors going on this week, we still have falling oil prices, currencies weakening/strengthening, politics and the only company related news is only bank earnings.
Read More →Thailand MOF to announce Bt10bn saving bond – The Minister of Treasury Sommai Phasee said the Finance Ministry will announce the issue of a Bt10bn savings bond today. Bt5bn will be used to repay BAAC’s debt from the rice pledging program and Bt5bn will be used to finance the 2015 fiscal budget. (Khaosod, 2/1/15) Construction […]
Read More →Bill Gross, formerly of Pimco now of Janus, latest monthly letter is out, and he effectively writes that 2015 is going to be a poor year for asset classes and that the investment world will realise that the growth levels don’t justify current valuations should interest rates increase. It’s an interesting read, see below for […]
Read More →If you’re wondering why the market rebounded strongly yesterday, one potential answer is that the Thai Government Pension Fund, which manages THB 1.2 trn in assets, wants to shift more weightings towards equities amid this market volatility, here are a few snippets plus the link to the full article. Thailand’s biggest government-pension fund is seeking […]
Read More →It is that time of the year where Strategists, Commentators and what not present their ideas for 2015, of them all I do enjoy reading Byron Wein’s, of Blackstone, thoughts for each year. I find his points related to interest rates, Japan and China the most relevant for Thailand this year. 1. The Federal Reserve […]
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