Research on Thai Markets in general and the SET Index
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 […]
Read More →Firstly, thanks to KB for sending me this article. I’ve joked with former colleagues that the increased usage of condoms will hurt GDP in the long term (crude joke I know) but there is a definite correlation that between population growth and GDP growth (in half decently run economies). These charts from the UN were […]
Read More →The market has struggled to stay above 1,600, what with oil prices still below 50, telecom’s being hurt from the postponement of 4G and the fact that most companies earnings aren’t really that strong (bank lending was negative for the first time in years). Â Going forward a few more companies still need to release their […]
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