Research on Thai Markets in general and the SET Index
Well the market somehow bounced up in the final hour on Friday, why? Everyone seems to think its window dressing. We had a Senate Election over the weekend, only a 42% turnout, well thats rubbish, and today Yingluck is supposed to go meet with the NACC to defend herself in regards to corruption around the […]
Read More →Thailand Exports rebound, up 2.43% in Feb — Thailand’s exports in February rose 2.43% YoY to US$18.36bn, supported by growth in the shipment of industrial goods, the Commerce Ministry said on Wednesday. Exports were also up on January, when the value fell by 1.98% YoY to US$17.9bn. Imports in February totaled US$16.60bn, down 16.62%, for […]
Read More →Wonderful short interview with Jeremy Grantham of money management firm GMO where he basically covers his thoughts on the Fed policy and the so called Bernanke-Put that has helped to keep asset prices high. I do keep my eye out for when/if rates may turn, for when/if the VIX may hit high levels again, for when/if Gold may decide to […]
Read More →Political news is back! Although it has never really left, we have fun times ahead as usual this week with the Democratrs decided whether or not to join the next election, the PM may still be kicked out by the NACC and more rallies, this time both yellow and reds, they should actually get together […]
Read More →Another good op-ed in the Bangkok Post this clearly stating the inconsistencies in Thailand today. So what does this mean for the market? Well my viewpoint is very simply how many more negative events can hit Thailand? Far and far less, yes there is a fear of the Red Shirts under Jatuporn creating more noise […]
Read More →Thailand Private sector hit by slowing domestic consumption — Businesses in the private sector believes that if no government can be formed in 1H14, Thai GDP growth will only be in the range of 1-2%. (ASTV Manager, 18/03/14) Exports beacon of hope for GDP growth – Despite lifting the emergency decree and adopting a looser […]
Read More →Well Yellen chaired her first succession, annouced another cut in the asset-purchase program by USD 10 bn – so they are still buying USD 55 bn a month of of mortgage-backed securities and longer-term Treasury securities. Anything else? Well the fancy sentence is now “Shifting to “Qualitative Guidance†from “Quantitative Guidance†for the federal funds […]
Read More →The tide of hot money is turning in favor of Thailand, Indonesia and the Philippines. Overseas investors have bought a net $1.6 billion of shares in the three Southeast Asian countries in March, poised for the biggest monthly inflow since January 2013. That follows $4.2 billion of withdrawals in the fourth quarter, which matched the […]
Read More →We have an interesting few weeks coming up with politics in Thailand: Yingluck has been given a 15-day reprieve by the National Anti-Corruption Commission (NACC), so by the 29th March she will have to present her defence and then the NACC will conclude an impeachment case -> nothing positive out of this for her. The […]
Read More →I’m loving these weekly chart updates, because despite the fact that we have protests and GDP issues, the market is up 5.7% for the year, and apparently the property market is going to be hurt badly, well the sector is up +7.3% for the year, and banks are going to suffer as well!! But..the sector […]
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