Sector Update 11/08 – 15/08
Only one thing that really matters this week, the official confirmation of the new PM
Read More →Category: Market
Research on Thai Markets in general and the SET Index
2Q14 Thai Earnings Summary
Now that all of the companies have released their earnings (if not they’ll be suspended from trading) here’s a quick breakdown on an industry basis as to how each industry has performed.
Read More →Next phase: Credit down, equities down?
Over at the Financial Times, Citigroup’s Global Market Strategy latest viewpoint on the markets were released, they are now thinking that we are approaching a “bubble” phase of the markets, its an interesting read and just something to keep in mind. Phase 1: Credit Up, Equities Down The cycle begins as the credit bear market […]
Read More →What happened this week 11/08 – 15/08
Thailand Four troubled state enterprises told to submit rehab plans by Nov – The State Enterprise Policy Commission (Superboard) agreed that four of the seven most-troubled state firms – CAT Telecom, TOT, SME Bank and Islamic Bank of Thailand – would propose new rehabilitation plans in three months. These state agencies have been instructed to […]
Read More →Sector Update 04/08 – 08/08
Last week, this week, and everyday until the 15th August the market will be (hopefully) determined by earnings releases, although geopolitical events have weighed down on equity markets globally. What was interesting was how Solar related names increased sharply:Â DEMCO +13% to Bt11.3, SPCG +3.88% to Bt26.75, GUNKUL +5.26% to Bt18, EA +2.82% to Bt25.5, on […]
Read More →What happened this week 04/08 – 08/08
Thailand MPC holds key rate at 2% amid subdued export, tourism growth – The Bank of Thailand is generally upbeat about the country’s economic-recovery prospects in the second half of the year, due to firmer domestic demand and fiscal policy. (The Nation, 07/08/14) MoF still expects growth of 2% — The Ministry of Finance remains confident that […]
Read More →Big Mac Index
It’s always good to have a quick look @ the big mac index just to get a quick overview of where things stands for currencies, by the looks of this Thailand still seems to be undervalued Source: The Economist
Read More →Sector Update 28/07 – 01/08
So the market pulled back further, why? Reality set in with poor corporate earnings for the time being perhaps? Argentina’s debt default, don’t believe that is much of an issue, they are the world’s serial debt defaultor, and telco’s were hurt yet again (although mid-year divvy’s should support them). Going forward more corporate earnings, its […]
Read More →Are these the dog days of August?
With the SET continuing to be a weak, plus the world headlines showing us news such as Argentina defaults on its debt, Hamas vs Isreal, Portuguese banks going bankrupt, Obama being sued etc etc, are these the dog days of August? Quick look over the past 6 years doesn’t indicate anything clear (although chartists may […]
Read More →What happened this week 28/07 – 01/08
Thailand UTCC cuts GDP forecast to 2.2% from the previous 2.5%. It says the largest downside risk is delay in government spending. The 2.2% annual growth translates to 4.3% growth in 2H14. (Kom Chud Leuk, 01/08/14) Export outlook decays further, shippers slash view to 1.6% growth at best – Although the Commerce Ministry has maintained its […]
Read More →