Research on Thai Markets in general and the SET Index
The speculation on whether or not the LTF scheme would be extended had some traders nervous, now the latest news is that the Finance Ministry would extend it for another 10 years. I do like the LTF scheme as it has helped with liquidity in the market and does force people to save $ for […]
Read More →Foreign buyers are still coming into the market and everyone is looking forward to LTF’s and RMF’s buying next month to keep the market buoyant – why people don’t just buy the LTFs monthly doesn’t make sense to me. China also just joined the printing money, keeping interest rates low central bank model with its […]
Read More →Thailand The private sector expects the economy to post an upturn next year and plans to ramp up investment and business acquisition ahead. The private sector also supports the state’s idea of a VAT increase as it believe the this will help increase competition and push Thai businesses to expand abroad. (Bangkokbiznews, 21/11/14) Prime Minister […]
Read More →GMO’s latest quarterly letter is out and as usual it is a must read with several points covering the markets, valuations, asset classes and outlook. Here’s a small tidbit below and a link to the letter. My personal fond hope and expectation is still for a market that runs deep into bubble territory (which starts, […]
Read More →The continued decrease in Thai exports doesn’t come as surprise for the following reasons: Soft commodity prices have declined (remember rice and rubber?) As a result of the 2011 floods, several manufacturers took their insurance payouts and shut down business Thailand’s major electronics export was Hard Disk Drives – Well we’re all one smart phones/tables/computer […]
Read More →Last week, foreign investors continued net buying in the Thai stock market for a 3rd day by +Bt73mn but returned to net selling bonds by -Bt707mn and continued net shorts in Index Futures for a 2nd day by 1,911 contracts. Today we major factor is the Thai 3Q14 GDP result, which  Bloomberg consensus expects the […]
Read More →The past few weeks have been their usual hectic period with listed companies reporting their 3Q14 #’s, see below for a summary of how each sector performed on a reported net profit basis. A few comments: The overall performance for the the market was crap the SET & MAI were -4.7% YoY%, and -0.4% on […]
Read More →Thailand Deputy PM asks for faster budget disbursement – Gen. Prawit Wongsuwan, a Deputy Prime Minister, has expressed his concern over an incomplete distribution of the financial assistance to rice and rubber farmers, which might affect the efficiency of the government’s economic stimulus package. (NNT, 12/11/14) Public Debt to GDP – The PDMO has reported […]
Read More →There’s another 5 days left for all 3Q14 earnings to be announced, needless to say its been a busy period. The market has been wobbling for a few reasons 1) 3Q14 have come out looking average at best, if not downright awful for some sectors 2) Everything appears to be priced in for the good […]
Read More →Thailand Consumer confidence up in Oct – The consumer confidence index for October edged up from the previous month, attributed to the government’s planned Bt360bn economic stimulus measures to be implemented in the remaining months of the year. (The Nation, 7/11/14) Opinions divided on 2015 growth – Public policymakers, Pridiyathorn, remain upbeat that next year’s […]
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