Research on Thai Markets in general and the SET Index
Thailand Fundamentals still sound despite slowdown, says BoT- Thailand’s economic fundamentals remain sound despite a continuous decline in July on the back of a slowdown in private consumption, exports and manufacturing output coupled with a current account deficit, says a Bank of Thailand official. The central bank’s senior director of macroeconomic and monetary policy, said […]
Read More →The month of August was wooooooooooooooooo! Filled with news of tapering, slow down and what not, no sector of the market was safe although energy barely dropped @ -0.7% for the month. Worst hit? Tech.
Read More →Thailand FDI falls — The BoI says that FDI for the first half of the year dropped to Bt450-550bn due to the slowdown in the economy and exports. In the first seven months, applications have lowered by 15%; Japanese investors were still the number one investors. (Krungthep Turakij, 26/08/13) Tax revenue may miss target as […]
Read More →Well I think that the chart speaks for itself here, basic finance is that if the “risk free rate” increases then discount rate increase then valuations decrease..zzz..financial theory I know. But its true. Source: Bloomberg
Read More →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 […]
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