Research on Thai Markets in general and the SET Index
Thailand MoC wants to talk to exporters — The Ministry of Commerce (MoC) is calling for a meeting with major exporters to discuss strategies to reach export target in Sept of 7-7.5%. It also plans to encourage setup of new businesses to increase by 14% in Sept. (Thai Post, 15/08/13) HSBC suggests structural reforms – […]
Read More →With the market only up 2.9% YTD and sectors performing incredibly different across the board, we feel the SET has finally become a stock pickers market again versus the past few years when essentially every sector and company just kept moving up and down together (ex energy of course). Interesting to note is that only […]
Read More →Thailand New stimulus measures shift focus away from SME assistance – The government’s latest stimulus package has the potential to spur economic growth since it is designed to break down barriers to business and investment rather than just boost tepid domestic consumption, says the central bank. (Bangkok Post, 08/08/13) Confidence dips again – Consumer confidence […]
Read More →Worries over Sunday’s rally pushed foreign investors to sell another Bt1.6bn on Friday. The baht continues to be in the range of Bt31.4-31.2/$US. As the anti-government rally, which will end on August 7, hasn’t shown any sign of violence, I’m expecting investors will focus on 2Q13 earnings instead which are all released by 15th August. […]
Read More →With traffic worse than normal given a few roads being blocked off around Bangkok and protestors making the walk from Lumpini to Government House as off the time of writing (mind you there doesn’t look like there are many at all) we’ve been thinking aloud for the past few months that August wouldn’t be a […]
Read More →So politics is coming back to the forefront of the news headlines, its been building up over the past few weeks and with the Internal Security Act invoked a few days ago, market participants have become more worried. We’ve also heard that Mr. T is becoming more and more agigtated and desperately wants to return […]
Read More →So a plethora of economic news regarding Thailand has come out over the past week and it all has pointed to the same direction which is a slowdown in growth for the country So a quick summary of whats happened: Retailers are revising down growth targets across the board (Bangkok Post) Agriculture – growth expected […]
Read More →Well its been a another difficult week and essentially we think the market is worried about the upcoming political noise next month with the amnesty bill (i.e. Thaksin trying to come back to Thailand) looking to be discussed by the House on 7th August as well as the “People’s Army” threatening to hold rallies on […]
Read More →Thailand BoI expects to hit investment incentive goal of Bt1trn – The Board of Investment remains confident that the total value of applications for investment privileges this year will meet the target of Bt1trn, though the number in the second half might not be as high as in the first, said Udom Wongwiwatchai, secretary-general of […]
Read More →Today the market started off with a bang up 2% but we think that would it still a reliatvely quiet month even though its 2Q13 earnings time. Foreign investors have basically done their re-allocation for at the very least the next quarter or so and there is still the fear of politicals making noise starting the […]
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