Research on Thai Markets in general and the SET Index
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 […]
Read More →Quietly released yesterday on Thailand’s SEC website was that they have approved the framework for the infrastructure trust regulations. The key details of it are: It can invest in onshore/offshore infrastructure projects either directly/indirectly or via rights in revenue sharing Minimum size THB 10 bn, minimum investments of each new project post set up must […]
Read More →Last week the market was given a good slap on the bum with 2 events, first the Bank of Japan came out saying “We want to be the largest money printer in the worlddddd!” and second, PTT announced that it is looking at potentially listing its retail arm in what may be the largest IPO […]
Read More →A new feature we’ll start doing at the end of each month. Tracking and showing investors movements during the month & year. Enjoy! Note: All values THB million
Read More →Thailand More state rice sold- The government expects to deliver between 900,000 and 1mn tons from rice stocks by year-end through government-to-government contracts. (Bangkok Post, 31/10/14) FPO cuts growth forecast to 1.4% amid weak exports – The Finance Ministry’s think tank yesterday trimmed this year’s economic growth forecast to 1.4%, assuming that second-half growth comes […]
Read More →John Mauldin of Mauldin Economics, put out his latest thoughts regarding the investment environment in the world today and given that the focus was on emerging markets and that Thailand is still one, this article is therefore worth sharing. He has several charts and insights on the debt issues and more importantly the potential impact […]
Read More →It’s coming to 3Q14 earning seasons time, the banks were the first to release their numbers and everything has been so-so, petrochemical/energy co’s are likely to have crap #’s b/c of the decline in oil prices (inventory losses), and I doubt consumer names are going to be exciting. There’s a lot of pressure coming in […]
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