Research on Thai Markets in general and the SET Index
All the news and data points towards the world doing marvelously well and Thailand bickering like children Thailand ADB and World Banks downgrade short term economic outlook for Thailand. GDP forecasts by both is 2.9%, with outlook for next year at risk, mainly on political concerns. (Kom Chad Leuk, 16/12/13) Election policies are key to […]
Read More →I’m tired of writing about politics, instead look @ how the agro sector has done over the past few months versus the tech sector, we postulated perhaps the end of telcos and a switch to food a few months back (pat on the back) and we don’t see it finishing anytime soon, telcos are in […]
Read More →The clever folks at Asia Plus Securities put this out earlier in the week showing what foreign investors have been selling in Thailand during the month of November. And the damage is clear to see, telco’s especially ADVANC are being hurt badly followed by the banks, why? We hypothesize that well both sectors are overvalued, […]
Read More →Well Money & Banking came out with their latest analysis showing the top wealthiest investors/families in Thailand and here’s the list below. Source: Bangkok Post What catches our eyes other than BGH yielding two of the wealthiest investors in Thailand (#1 and #6), are firstly, how JAS’s owner got into the top 10, we’ve gone […]
Read More →Thailand Outlook for 2014 economy varies, uncertainty over new govt, budget spending clouds growth forecast – Bank of Thailand Governor Prasarn Trairatvorakul acknowledged yesterday that if a new government is not formed next year, economic expansion could be affected to a certain degree, as the government remains a key driver of the economy through spending […]
Read More →Well politics and foreign fund selling of the region continue, plus as we’ve stated for the longest time this year, valuations still are highish
Read More →Predictions for 2014 by the major investment banks have started floating around, local houses should be releasing them shortly too, so here are my intelligent thoughts: We will still have a silly amount of liquidity flowing around the world, tapering isn’t tightening, Japan is unleashing a massive amount, Europe may even use negative rates, so […]
Read More →Thailand Consumer confidence dips yet again – Consumer confidence hit a 22-month low in November due largely to political tensions and anti-government protests that held back spending. (Bangkok Post, 04/12/13) Rice: Corruption, yes, but not enough evidence — The NACC says there isn’t enough evidence to file corruption charges against all parties in the G2G […]
Read More →EA 90MW generation this month — EA is confident that its solar farm will generate 90MW this month. It said that next year it will built a new plant in Lampang for another 90MW at a cost of Bt7bn. (Khao Hoon, 04/12/13) Comment: This is an incredible large solar farm, we doubt the long term viability of […]
Read More →Foreign investors sold THB 48bn in last month, thus YTD net sells over THB 150bn because of valuations, politics, and a slowdown in earnings growth throughout Thailand and the region. Politics we still think is short term and should be resolved in the coming days. Looking forward to what unfolds.
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