Research on Thai Markets in general and the SET Index
K. Voranai as usual wrote a very good op-ed on the current state of politics and the protests going on today. But back to Suthep & Co, who aim to temporarily suspend democracy to remove Thaksin & Co for good, and then bring back the sort of democracy that makes sure Suthep & Co will […]
Read More →This week’s latest memo from Howard Mark’s of Oaktree Capital is a must read, as opposed to most articles which are about “Bubble! Bubble!” or “This is 2007!”, there is a far more nuance and thought in his analysis and I’ll show this short quote below, and highly recommend you read the rest of his […]
Read More →Thailand Rate cut to offset mounting risks, growth also slashed to 3% from 3.7% — The Monetary Policy Committee (MPC) unexpectedly lowered the policy interest rate by 25 basis points yesterday to 2.25% following rising downside risks to growth partly triggered by the ongoing political tensions. (Bangkok Post, 28/11/13) Export growth this year to be […]
Read More →Pre the protests no one thought this would’ve happened, but with the protests comes delays, and the fact that the infrastructure spending hasn’t started yet, the economy is stagnant from last year, well the BOT has come out with a rate cut now down to 2.25%. The Bank of Thailand cut its one-day bond repurchase […]
Read More →Yesterday the total traded volume in the SET nearly hit THB 50 bn, a level of volume we haven’t seen for a few months, what happened here? MSCI Index rebalancing (BTS and TMB), foreigners sold off THB 9 bn worth of shares, but the market still rose as retail investors, local institutions and local prop […]
Read More →Well politics pressured the entire market in the past week, foreign investors sold another THB 9 bn, and there was speculation that the massive Vayupak Fund will sell out before its expiration on 30th Nov, only 5 weeks left for the year and the market is down YTD, how much can LTF’s support the market in […]
Read More →The clever folks at Thanachart Securities put this out during the week as the changes in the SET50 and SET 100 are expected in the 2nd week of December ’13. Basically new additions in the SET 50 include VGI & THCOM replacing KKP & MAKRO, and for the SET100 +BMCL, CHG, ERW, N-PARK, TFD, TICON, […]
Read More →What has happened thus far? Well as a positive the Senate had passed through the THB 2 trn borrowing bill however the Democrats and a group of 66 lawmakers filed a case to the constitutional court to invalidate the bill as they believe the loan bill contravenes Section 169 of the constitution as it would […]
Read More →GMO’s Jeremy Grantham is out with his latest quarterly paper and as usual its a must read, he goes through his thoughts on the economy, what Yellen is likely to do during her time at the Fed, earnings vs valuations, timing bear markets and so forth. One point he does make is that he (along […]
Read More →Thailand Foreign institutes worry about rice support — Knowledge Network Institute of Thailand Policy Research Institute (KNIT) says that since the IMF has raised questions about the government rice subsidies scheme, several foreign institutes have asked KNIT to release some of its statistics on the matter, saying that the rich subsidies scheme is one of […]
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