Research on Thai Markets in general and the SET Index
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 […]
Read More →Positive(s) Thailand Govt to boost infrastructure spending to B4tn — The cabinet on Wednesday endorsed a master plan to develop various infrastructure projects over the next seven years. The plan will allow the Finance Ministry to borrow Bt2.2tn for the projects. Mr. Kittiratt, however, said that sum will only be enough to finance major transport […]
Read More →For the past few weeks the government has been “pressuring” the BOT to cut rates in the aim of preventing the Thai baht from getting any stronger. We’ve been against this thought as Thailand has so much liquidity flying around as it is and with the Government’s spending coming through next year any further rate […]
Read More →Positive(s) Local Consumer confidence rises again — Consumer confidence rose for a fourth straight month in January, hitting a 16-month high, as concerns about global and domestic economic prospects eased and people’s incomes rose thanks in part to the nationwide daily minimum wage hike, says a local economist. The consumer confidence index climbed to 81.7 points […]
Read More →The Thai market continues rocking, January saw volumes increase by 35% to average over THB 50 bn/day versus THB 35 bn/day last year. Mind boggling stuff.
Read More →Positive(s): US – In the week ending Jan.19, the number of applications for U.S. unemployment benefits in seasonally adjusted initial claims was 330,000, the lowest level since January 2008, the Labor Department said Thursday. The four-week moving average, a better indication of the underlying trend in labor markets, was 351,750, down from the previous week’s […]
Read More →Who still listens to credit ratings? S&P’s senior director of sovereign ratings Tan Kim Eng said on Thursday that S&P’s decision  as based on the fact that Thailand is at risk of having a problem of high public debt in the future, even though it has strong economic fundamentals. Regardless, Thailand maintained its BBB+ rating […]
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