Research on Thai Markets in general and the SET Index
With all 2Q14 earnings due by the 15th August for listed companies in Thailand, opportunity days, hosted by the SET/MAI, are starting on the beginning of August. I’ve always found that these are the best times to see companies that are normally not covered by brokers/analysts and to hear what the CEO’s have to say […]
Read More →There’s a lot happening this week, we have constant releases of 2Q14 earnings, economic data coming out for Thailand, specifically export #’s and tomorrow the NCPO is tabling the the infrastructure plan. Fun times ahead, oh and have a look @ the MAI Index, EA has been driving it this year with the index up […]
Read More →Thailand Don’t delay reforms, says Moody’s – Deep political polarisation since 2006 is adding to structural challenges to Thailand’s competitiveness, and reform delays could eventually lower the sovereign credit profile, which has largely remained immune to the country’s political disturbances, warns Moody’s Investors Service. (Bangkok Post, 25/07/14) Household debt surges 16% in June, survey finds […]
Read More →The key difference between the coup in 2006 and this one, is that the “leader” of the coup will maintain control until elections. In 2006 the military had passed on power to Surayud and others and thus were perhaps unable to push through every reform and agenda that they had. This time around Prayuth, things have […]
Read More →So Bloomberg has come out with a story saying the post-coup rally is over. Here are some quotes from a few strategists in Thailand. “We advised clients to begin reducing their holdings to lock in profit,†said Chaiyaporn Nompitakcharoen, a strategist at Bualuang who correctly predicted the market would rally in a May 26 report. […]
Read More →Back in May I posted this A few things to note: The SET has only been around since 1987 Looks like the 1st Quarter post a coup is great, 2nd quarter is rubbish With the market off some -1% as of writing some people are getting nervous (they haven’t seen a drop […]
Read More →Key points of interest: Agriculture still in the doldrums overall on the back of lower soft commodity prices on a YoY basis Rice has increased dramatically, especially since the NCPO came in CLMV nearly @ 10% of total exports, on par with China/US/Japan/EU
Read More →I do keep my eye on potential risk factors for equity markets in general, low volatility + increased geopolitical risks do worry me slightly as risk premiums may rise on investments globally, but does this mean one should just shun all investments together? No I’ve learnt from the past that while the Bears make the […]
Read More →Fund inflows have continued to buoy the SET with banks leading the charge and telco’s taking a breather because of the NCPO’s decision to delay 4G bids for another year. Is there anything happening this week? Well big news for contractors as the draft for the infrastructure bill will be submitted tomorrow.
Read More →Jeremy Grantham of GMO is another must read quarterly letter, this time around he writes about the dreams of opportunities, cultural differences, the potential of the biggest M&A boom to come and how equity markets are still likely to do fine, even though he expects returns to be sub-par on a 7 year basis. Enjoy. […]
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