Research on Thai Markets in general and the SET Index
The rebound last week came from across most sectors except consumer products that were only up 0.4%. So whats going to happen this week? Everyone’s saying choppy times with the US govt shutdown (and they dare preach to the rest of the world about political systems hahaha) and the fact that thb 2.2 trn infra […]
Read More →A summary of the week’s major headlines both in Thailand and abroad Thai Economy MoC cuts export target — The MoC has reduced its export target to 4% growth in 2013, a decrease of US$15bn in export value. It forecasts export growth of 5-7% in 2014. Exports to Japan were cut to 0% from 5%. […]
Read More →The market rallied up some 9.5% mainly driven by the usual suspects, prop, tech and banks, in the past month to eek out the year’s return @ +1.8%. So the noise regarding the tapering has passed, and its unlikely to come back until 1Q14 we think, Europe has been quiet as well, so all we […]
Read More →Finally back in Bangkok after two weeks in Europe, one of which was is in Moscow. A fabulous country, a fabulous city, its a properly developed city with wonderful architecture, a history second to none, a culture that is incredibly unique, a metro that is better, cleaner and safer than what I’ve seen in NYC […]
Read More →Thailand BoT will regulate gold trading to curb speculation – The Bank of Thailand is looking to regulate gold trading, as it suspects gold imports have been used to speculate on exchange rates. The central bank also wants to protect retail investors who buy gold-linked financial papers. (Bangkok Post, 22/09/13) Ministry plans 16 measures to […]
Read More →Thailand HSBC cuts GDP growth forecast to 2.8% for 2013 — HSBC has slashed its expansion forecasts for Thailand to 2.8% this year and 4.4% next year after downbeat economic growth in the first half. The government should allocate more of its budget to ensuring more sustainable growth, said HSBC’s ASEAN economist Su Sian Lim. […]
Read More →Donald Rumsfeld referred to Europe as “Old Europe” years ago in a speech and its something that has stuck in the back of my mind ever since. Population demographics of a country is tremendously important for the growth of a country and this is why SE Asia is still a fantastic place to be investment […]
Read More →Saw this on twitter earlier from @edconway, its a table from the Bank of England showing which global indicators matter the most and in the end JP Morgan’s global manufacturing PMI numbers are important, whilst the Baltic Dry Index is just meh. Source: Twitter
Read More →What a rebound! Crisis over! Well that was quick wasn’t it? Strongest rebounds were seen in the financials, prop and the tech sector, consumer products haven’t done so well. Â
Read More →We awoke this morning to news that Larry Summers has taken himself out of the running for the Fed position, whats happened? US dollar weakening, Asian markets are up, Dow futures up over 1% but oil & gold look flat  The Association of Securities Companies (ASCO) looks to lower the amount that local prop […]
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