Research on Thai Markets in general and the SET Index
Just came across this article on Bloomberg which explains the importance of the new rail system in Thailand, now we all know there are issues with the plan put together by the government, I’ve even heard that they haven’t put together proper numbers yet for the entire project, but overall I still love the idea. […]
Read More →A summary of the key events in Thailand and Internationally Thai Economy Excise tax on liquor unequal — The cabinet recently approved a sharp increase in the tax ceiling on alcoholic drinks, based on a proposal by the Finance Ministry. The excise tax ceiling for both fermented beverages (such as beer and wine) and distilled […]
Read More →Vincent Fernando over @ Religare just put out this paper and I’ll do my best to summarise his key points which are as follows: ASEAN growth this is expected to be 1.2% this year Next year’s earnings imply a rebound to high-growth which seem over-optimistic
Read More →The US government, the bastion of democracy, is still in the midst of a government shutdown, and the debt ceiling deadline is approaching. From what I’ve read the last time the US defaulted on payment was in the early 1800’s, we don’t expect the US government to actually be this silly, but market commentors are […]
Read More →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. […]
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