Research on Thai Markets in general and the SET Index
There hasn’t been much news driving the markets other than the expected downgrade of Thailand’s GDP growth to +2% from its 3-4% expectations (which were absurd to begin with), going forward this week we’ll see more economic reports in regards to exports and inflation but all in all not much else.
Read More →Thailand Dept. of Trade Promotion plan to promote trade and exports to reach the growth target of 4% in 2015 set by the government. The plan will see the department adding over 400 local products to its lists of goods that it will promote. (Thai Post, 26/09/14) ADB bullish on Thailand – The Asian Development […]
Read More →While even I at times argue that the SET is expensive and that there are a lot of names that are trading at silly valuations, it is important to look properly into individual names instead of just saying that the entire market is expensive. Here, despite, the context in the article pointing to the fact […]
Read More →The market continues on its relentless climb for the year with essentially all sectors ex services to be up for the month. This week there isn’t much in the news other than the government planning to spend THB 10 bn in FY2014 on the water projects.
Read More →The clever research folks of VOX, put out a brief paper analysing the relationship between government popularity and financial crises, not too surprisingly, emerging markets generally have a crash post incredibly popular governments, its a interesting good read, see below for more, enjoy. Our main finding is that ‘political booms’, defined as an increase in […]
Read More →Thailand Aid schemes set at B100bn a year – The military-appointed interim government’s policy of helping the underprivileged and farmers in sustainable ways will cost an estimated Bt100bn a year, says Finance Minister Sommai Phasee. (Bangkok Post, 19/09/14) Veg fests to boost Q4 growth – Thais are expected to splurge 27.7% more, or altogether Bt51.27bn […]
Read More →Last weekend’s Economist poised the question that is on some people’s minds, how long does the military want to stay in charge for? The junta’s moral underpinning is a brand of puritanical paternalism. A clean-up is in full swing intended to purge the informal economy of unregistered labour, smuggling, prostitution, gambling and drug-dealing. There is […]
Read More →The military, sorry I mean the government, has come out with a list of policies such as protecting the monarchy, education, ASEAN, etc etc but with no specific information as to how they are going to achieve this…in the meantime not much happening this week other than the Fed meeting on the 16/17 to likely […]
Read More →So the artificial floor in the market will be gone, fun times ahead in 2 years from now. Now Asset Management firms will have to focus on actually performing well, and the next thought that comes to mind is, what will the government do in terms of personal income taxes? The Finance Ministry will not […]
Read More →The Public Debt Management Office (PDMO) disclosed the details of the funding sources for the THB 2.4 trn infrastructure investment plan during 2015-2022. The breakdown is as follows: 45% (1.1 trn) funded by state enterprises loans 20% Government fiscal budget 20% PPP schemes 10% state enterprises’ CF 5% infrastructure funds All this with a debt covenant […]
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