Research on Thai Markets in general and the SET Index
This a great editorial from Jim O’Neill, the former head of Goldman Sachs Asset Mangement, the snippets below are what I found to be most interesting: A return to normality eventually implies a benchmark 10-year Treasury yield of 4 percent or more In recent years, the search for yield has gone wider and deeper. The resulting […]
Read More →Today the SET had a wunderbar rally up 4.42% or 62 pts, however the rest of the region, while up as well looked relatively muted. So remembering that this week trigger funds (local asset management firms love to sell mutual funds that say once the fund hits an x.x% return the monies will be returned […]
Read More →Our favourite chartist queen, Ploy, has returned to grace us with her thoughts on the the markets, exchange rates and what it all means when put together. Enjoy the read! The question investors around the globe have been asking to themselves since May 22 when the Fed’s President mentioned in the congressional testimony of the […]
Read More →Thai Economy Unified MPC cuts rate to 2.50% — For the first time this year, the BoT yesterday cut its benchmark interest rate by 25 basis points to 2.5%, acting to cushion against risk to domestic demand after weaker-than-expected first quarter economic growth. “Against the backdrop of continued financial stability concerns, the MPC thus voted […]
Read More →“Against the backdrop of continued financial stability concerns, the Monetary Policy Committee (MPC) thus voted unanimously to reduce the policy rate by 25 basis points from 2.75% to 2.5% per year,” the…Â Source:Â Bangkok Post Argh! Yes I was surprised by the rate cut, we could see the bond market was expecting it, however I was […]
Read More →Japan dropping 7% in a day, a so-so 1Q13 earnings season, the first 3 months of the year had a baht that was too strong for most exporters and a market that had risen 17% YTD, can’t say we are too surprised. We normally expect for the market to drop for a period of 3-4 days […]
Read More →This is an interview from Barrons of Leon Cooperman and Steve Einhorn of Omega which manages USD 8.5 bn mainly in equities, so when these two share their viewpoints, one had better pay attention. There are a few thoughts I found interesting but the key comment that caught my eye was: Are you worried that the Fed […]
Read More →The market has been driven almost purely by the technology sector (advanc, dtac, and true) for the month as the sector as a whole is up +9.8% MTD and a whopping +160% over a 12 month period. This week the NESDB will release Thai 1Q13 GDP (which should be rubbish because of the baht’s strengthening), […]
Read More →This has been an ongoing debate since the beginning of this year. The conspiracy theorist inside thinks that the government just wants cheaper funding for its massive infrastructure plans. However I’d like to believe that the BOT will remain independant and I don’t expect interest rates to decline unless inflation declines for a couple quarters. […]
Read More →Fantastic new commentary out by Mark Mobius, he goes into talking about the fundamentals, foreign reserves and investment sentiment in emerging markets, see below for a snippet. According to the GISS, 58% of investors residing in developed markets believe their local stock market will be up this year, but investors in emerging markets were even […]
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