Research on Thai Markets in general and the SET Index
Predictions for 2014 by the major investment banks have started floating around, local houses should be releasing them shortly too, so here are my intelligent thoughts: We will still have a silly amount of liquidity flowing around the world, tapering isn’t tightening, Japan is unleashing a massive amount, Europe may even use negative rates, so […]
Read More →Thailand Consumer confidence dips yet again – Consumer confidence hit a 22-month low in November due largely to political tensions and anti-government protests that held back spending. (Bangkok Post, 04/12/13) Rice: Corruption, yes, but not enough evidence — The NACC says there isn’t enough evidence to file corruption charges against all parties in the G2G […]
Read More →EA 90MW generation this month — EA is confident that its solar farm will generate 90MW this month. It said that next year it will built a new plant in Lampang for another 90MW at a cost of Bt7bn. (Khao Hoon, 04/12/13) Comment: This is an incredible large solar farm, we doubt the long term viability of […]
Read More →Foreign investors sold THB 48bn in last month, thus YTD net sells over THB 150bn because of valuations, politics, and a slowdown in earnings growth throughout Thailand and the region. Politics we still think is short term and should be resolved in the coming days. Looking forward to what unfolds.
Read More →K. Voranai as usual wrote a very good op-ed on the current state of politics and the protests going on today. But back to Suthep & Co, who aim to temporarily suspend democracy to remove Thaksin & Co for good, and then bring back the sort of democracy that makes sure Suthep & Co will […]
Read More →This week’s latest memo from Howard Mark’s of Oaktree Capital is a must read, as opposed to most articles which are about “Bubble! Bubble!” or “This is 2007!”, there is a far more nuance and thought in his analysis and I’ll show this short quote below, and highly recommend you read the rest of his […]
Read More →Thailand Rate cut to offset mounting risks, growth also slashed to 3% from 3.7% — The Monetary Policy Committee (MPC) unexpectedly lowered the policy interest rate by 25 basis points yesterday to 2.25% following rising downside risks to growth partly triggered by the ongoing political tensions. (Bangkok Post, 28/11/13) Export growth this year to be […]
Read More →Pre the protests no one thought this would’ve happened, but with the protests comes delays, and the fact that the infrastructure spending hasn’t started yet, the economy is stagnant from last year, well the BOT has come out with a rate cut now down to 2.25%. The Bank of Thailand cut its one-day bond repurchase […]
Read More →Yesterday the total traded volume in the SET nearly hit THB 50 bn, a level of volume we haven’t seen for a few months, what happened here? MSCI Index rebalancing (BTS and TMB), foreigners sold off THB 9 bn worth of shares, but the market still rose as retail investors, local institutions and local prop […]
Read More →Well politics pressured the entire market in the past week, foreign investors sold another THB 9 bn, and there was speculation that the massive Vayupak Fund will sell out before its expiration on 30th Nov, only 5 weeks left for the year and the market is down YTD, how much can LTF’s support the market in […]
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