Research on Thai Markets in general and the SET Index
Thailand State enterprise incentives on the table — NCPO and the Super Board will seek to revamp the incentive system for state enterprises this week. (Post Today, 12/07/14) Trade promotions — The Department of International Trade Promotion will set a special team to promote trade in five key regions: ASEAN, China, South America, MENA, and […]
Read More →A wonderful op-ed over @ the FT (link below) where El-Erian discusses the relationship between investors and economists and arguably how economists aren’t necessarily the best sources of information when making investment decisions. Enjoy the read 🙂 Judging by past experience, economists are not well placed to make confident predictions about the risk of greater […]
Read More →Talks between the Finance Ministry and the Federation of Thai Capital Market Organizations (Fetco) over renewing tax deductions for investment in long-term equity fund (LTFs) remain inconclusive, making it likely the rule will be reduced or scrapped. Source: Bangkok Post LTF’s and RMFs had dramatically changed the Asset Management industry structure in Thailand since inception. […]
Read More →With Thai Bond yields and the Baht strengthening to 3.19% and 32.13 this morning, we had a quick look @ how much has been bought in the past 3 weeks. Basically we’ve seen (see charts below) foreign investors buy up some THB 15 bn in the past 3 weeks and in the same period the market […]
Read More →It’s monthly/quarterly paper time from all the major asset managers and Byron Wein of Blackstone should be on anyone’s reading list. In his latest “The Smartest Man in Europe” there are several interesting discussion points ranging from a new industrial revolution to Europe’s political weakness to viewpoints on specific emerging countries, all in all a […]
Read More →Banks are still driving this market, and with foreign investors returning to Thailand, see the baht and bond market strength in recent weeks, plus regionally as well, there is natural spillover into the local equity market. We still have the same scenario occuring here, a recovery of sorts across the board plus the promise of […]
Read More →Thailand Clarification on water projects requested — The National Debt Office will ask NCPO to clarify its stance regarding the water projects and the upcoming Bt3.5tn infrastructure plans. The financing is already in place, but the office said no funds have been withdrawn. (Krungtep Thurakij, 10/07/14) ‘Superboard’ sets up three sub-panels – The junta’s “Superboard” […]
Read More →Two things to note: 1) the SET is now just 10% from its peak back in May ’13, 2) Banks have been driving the SET rally this year up 26% for the year. One question, is this really justified? Foreign investment levels in the Thai market are incredibly low (lowest I’ve seen since I’ve been […]
Read More →Based on local news this is what we gather is the timeline for the new constitution and elections.
Read More →Thailand Bank of Thailand expects growth rebound in 2015 — The Bank of Thailand forecasts economic growth will strengthen to 5.5% next year as the economic recovery gains momentum. (Bangkok Post, 28/06/14) BoT sees encouraging trend in currency trading, especially in RMB and pound sterling. CIMBT is showing the same trend in preparation for more […]
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