Research on Thai Markets in general and the SET Index
The SET dropped sharply -7.5% last week with telcos and prop causing most of the damage, and for the market is finally negative again ytd, politics has remained benign but continued over evidence of Thailand’s slowing growth and the increase in yields in the US have resulted in mass selling across the region. […]
Read More →Big shout out to Vincent Fernando @ Religare for keeping me updated on this. Essentially throughout the past 12 months earnings for the ASEAN region have been decreasing and dramatically over the past 3 months. Who say’s fundamentals don’t matter? When looking @ Thailand this has had us worried for months, while analysts may keep […]
Read More →Thailand MPC maintains rate at 2.5% again – The Bank of Thailand’s Monetary Policy Committee (MPC) will likely stand pat on the policy rate for the rest of this year after keeping it unchanged at 2.5% for a second straight meeting yesterday. (Bangkok Post, 22/08/13) MPC expected to maintain policy rate – Despite the slowdown […]
Read More →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 […]
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