Research on Thai Markets in general and the SET Index
Thailand Purple Line readies for 2016 debut pending cabinet OK — The long delayed Purple Line mass transit project ids expected to be operational by 2016 as the operating and maintenance contract is expected to be approved by the cabinet after Songkran, says BMCL. The construction of the 16-km route is halfway done, said BMCL […]
Read More →North Korea, Bird Flu, and local politics making noise pretending to be important all resulted in the market having a difficult week.
Read More →Thailand MPC edgy but maintains rate — The Monetary Policy Committee yesterday voiced stronger concern over the brisk trade in property and equities and the surge in bank credit but till kept its policy interest rate unchanged at 2.75%. With one member absent, the MPC voted 5:1 to hold the rate and vowed to keep […]
Read More →Well its a question we’ve been asking for a while, so last week we decided to take a quick a look at how the sector weightings have changed since the end of ’07 and its quite surprising. In the past we’ve always taken for granted that Resources were the biggest weighting in the SET, however […]
Read More →We haven’t been surprised by the movement in the THB and still argue that eventually the currency will return to THB/USD should be 25 within a relative short period of time (not tomorrow obviously). Thus fund flow, Fitch ratings upgrade, a “stable” government, and yields to chase and voila Thailand receives fund flow Thailand’s baht […]
Read More →Positive(s) The finance ministers of 17 eurozone countries approved an EU-IMF plan for restructuring Cyprus’s banking sector on Monday, putting their stamp on a proposal that will fundamentally overhaul the country’s two largest banks. The plan, negotiated on Sunday between Cyprus’s president and EU and IMF leaders, is seen as workable US: The Federal Reserve […]
Read More →Well there’s a bit a lot of news surrounding Cyprus and its given markets, especially Thailand a reason to finally sell off a bit. We’ve scoured the net and found a few interesting articles that may be of interest explaining whats going on there, the problem and even a potential solution. It is a levy […]
Read More →Last week, the Thai market continued its spectacular start to the year and globally continued strong data out of the US, Japan continuing its aim to expand its own balance sheet further and Europe looking brighter with another Spanish bond auction  selling with the lowest yields seen since 2010. But we still keep banging our […]
Read More →Positive(s) Thailand Fitch boosts credit rating – Ratings agency Fitch Ratings yesterday announced a one-notch upgrade in Thailand’s credit rating, supported by declining policy risk, stable finances and low public debt. The upgrade raises the country’s long-term foreign currency rating to BBB+ from BBB, with a stable outlook. The short-term foreign currency rating was also […]
Read More →Positive(s) Thailand Inflation slows for second month on subsidies, baht — Inflation slowed for a second straight month in February as government subsidies held down prices and a strong baht made imports cheaper while food prices well. Commerce Ministry figures show annual headline inflation rose by 3.23% YoY last month, down from 3.39% In January […]
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