Research on Thai Markets in general and the SET Index
Well Yellen chaired her first succession, annouced another cut in the asset-purchase program by USD 10 bn – so they are still buying USD 55 bn a month of of mortgage-backed securities and longer-term Treasury securities. Anything else? Well the fancy sentence is now “Shifting to “Qualitative Guidance†from “Quantitative Guidance†for the federal funds […]
Read More →The tide of hot money is turning in favor of Thailand, Indonesia and the Philippines. Overseas investors have bought a net $1.6 billion of shares in the three Southeast Asian countries in March, poised for the biggest monthly inflow since January 2013. That follows $4.2 billion of withdrawals in the fourth quarter, which matched the […]
Read More →We have an interesting few weeks coming up with politics in Thailand: Yingluck has been given a 15-day reprieve by the National Anti-Corruption Commission (NACC), so by the 29th March she will have to present her defence and then the NACC will conclude an impeachment case -> nothing positive out of this for her. The […]
Read More →I’m loving these weekly chart updates, because despite the fact that we have protests and GDP issues, the market is up 5.7% for the year, and apparently the property market is going to be hurt badly, well the sector is up +7.3% for the year, and banks are going to suffer as well!! But..the sector […]
Read More →Thailand Thai drought’s wide-ranging effects – Severe drought will probably weaken Thai agriculture for another year, and the phenomenon could derail growth of the country’s farm economy. (Bangkok Post, 10/03/14) Government proposing to borrow from disaster fund — According to several sources from Ministry of Finance, the government has submitted a loan proposal to borrow […]
Read More →Well it’s done, at least for now, the Constitution Court has ruled that the government-proposed bill to allow the Finance Ministry to raise THB 2 trn in loans for the infrastructure development projects has been rendered unconstitutional. The court unanimously agreed with a vote of 8-0 that the content of the bill violated provisions stated in […]
Read More →Well isn’t this funny, financials and prop-con’s are the best performers this year. I think many an Investment Committee would be quite surprised by this. This week we have the MPC meeting and several strategists are expecting a rate cut, which in recent history has led to a market decline, we think otherwise because inflation […]
Read More →Thailand BoT warns of slump in GDP growth – Gross domestic product (GDP) growth could come in below last year’s 2.9% if the political stalemate persists throughout the year, says a senior Bank of Thailand official. (Bangkok Post, 01/03/14) BAAC plans to issue its own bond in order to finance rice payment, but is uncertain […]
Read More →Well I’ve been trained and raised in the equity asset space only and I’ve always laughed @ the point of asset allocation, however I do look @ these annual returns per asset class every quarter just to remind myself of whats going on in the rest of the investing world and to realise that things […]
Read More →Byron Wein of Blackstone has just released his latest monthly letter and as usual its good reading, he covers the markets, the US, Japan and China, see below for a snippet and a link to the letter. Everyone had made money in the stock market in 2013, although few had done as well as the […]
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