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
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Research on Thai Markets in general and the SET Index
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 →Opportunity Days – 2nd Quarter 2014
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 →Sector Update 21/07 – 25/07
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 →What happened this week 21/07 – 25/07
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 →Thailand Junta Retains Sweeping Power Under Interim Constitution
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 →Thailand’s Post-Coup Rally Is Over to Some Who Called It
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 →Is the SET struggling to stay @ these lvls?
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 […]
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