Research on Thai Markets in general and the SET Index
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. […]
Read More →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 […]
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