Research on Thai Markets in general and the SET Index
What happened now? Yesterday the House President called for an early bill debate today with 2nd and 3rd readings and votes by the end of this week and early next week and who sold off the market? Local institutions and prop desks (something we’ve been watching closely)… So whats the timeline of events now? If […]
Read More →Markets been fairly quiet for the past week, mid-week break resulted in a lot of people taking time off and that was obvious in the volumes as well. Major news? Well exports for Sept were poor @ -7.1% and the BoT lowered GDP growth for 2013 n 2014 to 3.7% and 4.8% from 4.2% and […]
Read More →Well now Pheu Thai has brought to the table a law that gives a blanket amnesty to law offenders, which includes everyone, yellow shirts, red shirts and good ol’ Mr T. So what’s happened thus far: 1. The first reading was passed just under 2 months ago but aimed only at the non-leaders of the […]
Read More →The QE tapering that never happened from a few months back sits in the back of our minds still as we sit here and wonder when will it happen, for now as the way things look, 2014 looks likely to be another year of continued easing and low rates world wide and Richard Koo here […]
Read More →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 […]
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