Research on Thai Markets in general and the SET Index
Dr. Mobius has been a long term investor in Thailand and almost always pops up with a commentary during times of turmoil here (which appears to be every 2 years ever since I begun working here in 2004). Â In this piece he covers the infrastructure bill, Thailand’s economic resilience, and below is his comments on […]
Read More →Thailand Taxes miss target during slowdown — Tax collection fell 3.8% short of target in the first four months of FY2014 due mainly to the tepid economy and effects from the political turbulence, says a Finance Ministry source. The ministry’s revenue figure is a fresh clue that the economy is faltering. (Bangkok Post, 14/02/14) Ministry […]
Read More →And here we go on the merry go round, yes Thailand’s GDP was slow in 4Q13, my thoughts? one – politics, two – No matter what 4Q13 vs 4Q12 was going to look rubbish anyways, three – it will recover, its not different this time, political issues will disappear (perhaps only temporarily), and business will continue […]
Read More →So Thailand is experiencing an economic downturn, a political crisis, businesses are suffering and yet the market is up +1.0% for the year, gotta love it.
Read More →Thailand No way seems feasible for caretaker government to pay rice farmers their dues – No matter what the government does to solve the problem of its overdue payments to farmers, it seems the rice-pledging project may face a dead-end due to its high cost and low likelihood of being able to sell enough rice […]
Read More →We have a couple of things this week, the Civil Court’s decision on the revocatio nof the State of Emergency (pro hospitality), Suthep being called to the court re 2010 red shirt protests, arrest warrants from the Constitutional Court. Fun times ahead as always in Thailand
Read More →Wonderful monthly letter by Pimco’s Bill Gross talking about the relationship of credit and asset prices with his pig example. Essentially he’s expecting headwinds for the stock markets with the removal of liquidity and thus credit by the Fed for the coming year. Asset prices are dependent on credit expansion or in some cases credit […]
Read More →Thailand Private businesses see a new government within 6 months, while both Federation of Thai Industry and University of the Thai Chamber of Commerce said that they will revise their forecasts to reflect the new information. (Krungtep Thrurakit, 03/02/14) Exporters seriously damage by the turmoil as distribution chains get interrupted, causing their cash conversion cycle […]
Read More →The rebound in banks that had kept the market afloat disappeared towards the end of last week and volume has been anameic for the market, with only some THB 20 bn traded (during 2Q13 daily volumes were hitting THB 80bn on some days). Elections have come and gone, the farce that they were, and the market […]
Read More →Byron Wein’s latest commentary is out and he’s advised to be prepared for a volatile here, here he reviews his 2013 surprises, his thoughts on emerging markets, the US economy, Japan’s “third arrow”, interest rates and so forth. See below for a snippet and a direct link to the article. In the second Surprise I thought […]
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