Research on Thai Markets in general and the SET Index
Thailand 2013 revenue increases 9.2% from last year — State revenue in fiscal 2013 ending Sept 30 totaled Bt2.16trn, up 9.2% from last fiscal year and 2.7% higher than target, said Somchai Sujjapongse, spokesman of the Finance Ministry. Tax collections by the revenue, excise and customs departments were 0.4% above target, while revenue from other […]
Read More →Finally! We’ve been waiting on this for years, land lords in Thailand have enjoyed owning tremendous amounts of land for generations without any taxes spent on it whatsoever. While the annual tax %-age is low @ 0.5% to a max of 2% of land value when compared to what I see in Europe and the […]
Read More →The Thai Market had a good bounce last week with the US govt shutdown finally over. 3Q13 numbers will be what most people are focusing on for the next 4 weeks and with banks mostly showing continued growth, the smaller financials (i.e. tisco and kkp) are disappointing. Also with prop traders having done most of […]
Read More →Thailand King endorses budget bill – The 2014 budget bill received His Majesty the King’s endorsement on Friday and was published in the Royal Gazette, enabling the government to immediately disburse funds for the fiscal year that began on Oct 1. The House of Representatives passed the Bt2.5trn budget in late August and the bill […]
Read More →Yawn, so no change from the BoT regarding interest rrates, they have kept it again @ 2.5% and will announce their 2013 GDP Forecast on the 25th Oct (previous projection was 4.2%). So with the next meeting on the 27th Nov we don’t think anything will change for policy rates here in Thailand, inflation is […]
Read More →Last week the market continued to rebound on the back of continued flows from overseas and local prop desks. With the US government continuing to not function, the thoughts we have is that perhaps this year we won’t see the usual strong year end rally that starts in October til Jan. This week the BoT […]
Read More →Just came across this article on Bloomberg which explains the importance of the new rail system in Thailand, now we all know there are issues with the plan put together by the government, I’ve even heard that they haven’t put together proper numbers yet for the entire project, but overall I still love the idea. […]
Read More →A summary of the key events in Thailand and Internationally Thai Economy Excise tax on liquor unequal — The cabinet recently approved a sharp increase in the tax ceiling on alcoholic drinks, based on a proposal by the Finance Ministry. The excise tax ceiling for both fermented beverages (such as beer and wine) and distilled […]
Read More →Vincent Fernando over @ Religare just put out this paper and I’ll do my best to summarise his key points which are as follows: ASEAN growth this is expected to be 1.2% this year Next year’s earnings imply a rebound to high-growth which seem over-optimistic
Read More →The US government, the bastion of democracy, is still in the midst of a government shutdown, and the debt ceiling deadline is approaching. From what I’ve read the last time the US defaulted on payment was in the early 1800’s, we don’t expect the US government to actually be this silly, but market commentors are […]
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