Research on Thai Markets in general and the SET Index
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 […]
Read More →So much for the year end buying from local institutions to support the market! Source: SET Note: All values are mn THB
Read More →Last year the SET returned 15.3%, the first few weeks a lot of the brokers are mentioning the possibility of LTF redemptions and the continued weakness in oil prices to weigh on the energy sector here.
Read More →With Xmas and New Years within the next 2 weeks, this will be the last post for the year as its time to unwind, relax and recharge for what will be an exciting and most likely volatile 2015. 2014 was close to a normal year for Thailand, we faced a military coup with a self […]
Read More →Thailand Budget disbursement down – Budget disbursement during the first three months of fiscal 2015 is expected to fall slightly short of the target. Deputy Finance Minister Wisut Srisuphan estimates Bt725bn or 28.2% of the annual budget expenditure of Bt2.575trn will be drawn down for the October-December period. (Bangkok Post, 19/12/14) 10% inheritance levy passes […]
Read More →With the BOT just announcing that interest rates were going to remain flat today, Bloomberg came out with an article highlighting how consumer debt is still a big issue (and I believe will continue to be at least for another 2-3 years) in Thailand today, enjoy the snippet and the link to the full article […]
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