Research on Thai Markets in general and the SET Index
As the political merrygoround (with Abhisit now coming out and stating that there have to be reforms to ensure that losers in an election can still block a winning party) continues there are several potential key dates that are coming up, let’s go through them all. Friday 2 May – The Thawil case – Yingluck […]
Read More →Anything to look forward to this week? Well 1Q14 earnings are now coming for the rest of the listed companies (first 5 months of the year is always horribly busy with earnings) and then the wonderful circus that is politics shall return with Yingluck stating her defense on the Tawin case.
Read More →Thailand New BoI board — The PM has signed off on the new set of BoI board members, following the Ministry of Industry proposal submitted to the cabinet on 22 April. (Post Today, 24/04/14) MPC leaves rate alone – The Bank of Thailand’s Monetary Policy Committee (MPC) left its policy interest rate unchanged yesterday but […]
Read More →With Songkran Holidays now properly over as traffic has fully returned to Bangkok business has finally resumed again. What’s happening this week? Well Banks earnings are out, the big ones have cut costs (i.e. marketing down, bonuses + benefits down) to such a level that profit growth could still be seen on a YoY basis, […]
Read More →We had argued in the 4Q13 that foreign investment in Thailand had essentially bottomed out. Over a 12 month period foreign investors had sold over THB 200 bn worth of thai shares but in the past few weeks they’ve bought back some THB 15 bn (hence the continued strength in banks and telco’s) Image Source: […]
Read More →Thailand Revenue falling short — The Ministry of Finance reports that revenue in the first six months of the tax year (Oct 13- Mar 14), tax revenue for the government was Bt964bn, missing the government target of Bt1.024tn. (Kao Sod, 16/04/14) Caution over household debt — Banks say household debt levels are worrisome, with forecasters […]
Read More →“As a citizen of the country I am worried, but as an investor I’m not” I heard this quote last night over drinks and I think it perfectly sums up a lot of viewpoints on Thailand and its market today. If you had closed your eyes over the past 6 months and just came back […]
Read More →And the holidays are over, well that was quick and we return to a market where there is still no government, in the meantime the usual suspects are doing well i.e. financials and tech, there’s nothing much happenign this week in terms of news expect for on the 18 April is the last day for […]
Read More →I have to keep reminding myself this time and time again about Thailand, since I’ve lived here I’ve seen bird flu, pig flu, tsunami, yellow/red/black/blue – basically every rainbow coloured shirt protest, coup d’etats, global financial crisis, capital controls, etc etc and yet this country still recovers, and going forward I still expect for Thailand […]
Read More →Hello World I’m back! So 4 years after constant news mongering that Greece was dead, leaving the EU, on the edge of creating a brand new global finanical crisis they’ve returned to the market selling EUR3 bn five year bonds with a yield just under 4.9%.  At one point their 10 year bonds (chart below) […]
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