Research on Thai Markets in general and the SET Index
Thailand World Bank estimates 2014 Thailand GDP growth at 3% YoY, with politics pressuring consumption and investment. If political situation eases, the global economy expansion will support exports. (ASTV Manager, 08/14/14) Ministry of Finance expects 2014 Thai economic growth of 2.6% YoY. At a meeting in Myanmar, it said that it does not expect the […]
Read More →Apparently there were some rallies over the weekend, I didn’t see any, anyone else did? Basically Thailand is now on holiday until the 21st April, there’s going to be basically zero action in the markets, so everyone enjoy the holidays.
Read More →What the hell, I go to Singapore for 2 nights earlier in the week for a conference and I come back seeing this VS Was there a grudge match that I missed? By the look of the images Yingluck must have delivered a muay thai kick breaking Abhisit’s arm, oh how this drama filled political […]
Read More →Thailand Thailand’s manufacturing production index (MPI) shrank 4.4% YoY in February, the 11th straight monthly contraction. The body will cut its 2014 GDP forecast to 2-2.5% from 3-4%. (Krungtep Thurakit, 29/03/14) Politics plagues BoI applications, dropping by over 50%. It hopes to be able to get a new board after the Songkran holiday, hoping a […]
Read More →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 […]
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