Research on Thai Markets in general and the SET Index
Thai Two asked to nominate next BoT chairman – The Bank of Thailand board is asking the central bank’s governor and the permanent secretary of the Finance Ministry to nominate candidates for a new chairman of the board by July 29, on expectations of selecting a name by mid-August before forwarding the choice to the […]
Read More →SCB’s EIC (Economic Intelligence Center) just put out this chart (red line – property; yellow – consumer spending; and blue – auto), essentially shows what we have been thinking for the past few months that the Thai consumer may be tapped out with the recovery from the floods in 4Q11, the first time car buying scheme and […]
Read More →Last week was another volatile week for the market with the SET rising some 4% on Thursday to ensure the market was flat for the week. Â
Read More →Thailand Spending slump hits direct sales – The direct-sales industry is expected to grow by 5% to about Bt73.5bn this year, down by half from the norm over the past decade, says the Thai Direct Selling Association. President Kittawat Ritteerawee said the slowdown in consumer spending in the sector has been evident since the first […]
Read More →Alcoa’s figures are considered to be a bellweather for the global economy and by the looks of this, things are coming along just fine. Â
Read More →Energy/resources were finally a support for the market last week. But the main theme remains that foreign investors are still selling out of Thailand and the region as a whole. This week the only interesting thing is that the Ministry of Finance is meeting, however we doubt anything will happen except for further downgrades on […]
Read More →Saw this in the news the other day and was surprised that not more people picked up on this. Its a positive thing for Thailand that international banks will be allowed to expand further in Thailand, although the steps are small at first i.e. only 20 branches and 20 off-premise ATMs, eventually these banks will […]
Read More →Thailand Car scheme blamed for slow growth — Narongchai Akrasanee, a member of the BoT’s MPC, estimates the country’s economy will grow by just 4% this year as domestic consumption ebbs. Thais’ ability to spend has been curbed, as many are obliged to service loans for cars bought under the government’s first-time car buyer scheme, […]
Read More →Thailand Household debt on upward tilt — Household debt has hit a fresh high, particularly among low income earnings, who remain widely exposed to loan sharks, says the University of the Thai Chamber of Commerce. The latest UTCC survey of 1,200 respondents found mot of them (64.l5%) had average household debt of Bt188,774.54, up by […]
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