Research on Thai Markets in general and the SET Index
As a sector its earnings grew 25% YoY with KK, BAY, KBANK, and KTB showing incredible earnings growth. The combination of a recovering Thai economy from the 2011 floods, automobile incentive scheme, housing schemes, reduction in corporate income tax from 30% to 23% all boosted their earnings strongly. Going forward however the same elements aren’t […]
Read More →Market finished strongly at the end of the last week with continued strong fund foreign fund flows, this combined with China’s massive numbers, the BOJ aiming to boost inflation to 2% and Thailand’s 3Q12 GDP number’s coming out strongly all helped. Â Â Â Â Â
Read More →Positives US: U.S. claims for jobless benefits plummeted to 335,000 last week, the lowest since January 2008, from 372,000 in the prior week, the Labor Department said Thursday. The weekly number was much lower than economists had expected. Meanwhile, U.S. housing starts in December surged 12.1% to a 954,000-unit annual rate, the fastest pace in […]
Read More →Market had a so-so second week with news that Temasek was selling off half of its stake in INTUCH which depressed the tech sector, industrials went on a rampage with the expected news of good land sales by both hemraj and amata and ticon selling another tranche of assets to its property fund. Going forward […]
Read More →Foreign investment fund flow led the markets higher with the property sector starting things off with a gangbuster move of 4% in the first week of trading. Going forward we have the MPC meeting, tha thai cabinet deciding upon the contracct signging for the Red Line project and a possibility of the ECB cutting rates. […]
Read More →A combination of LTF fund flow with continued positive news surrounding thai companies helped push the market to a strong finish for 2012. As evidenced the winners for the month were the Service sector and the Financials sector as both rebounded strongly. Going forward, valuations are still lofty for our liking but one still needs […]
Read More →The market had a steady day until the last 30 mins, when the market shot up +1%. We presume mutual funds had to complete as much of their buying as possible before the last trading day of the year tomorrow. Fundamentals? Meh!
Read More →The market continues to rally on the back of the US fiscal policy (although now its turning the other way) and continued fund flow from LTF’s. There’s not much more time left for the year and soon enough funds/research houses will begin to talk about the “January Effect”
Read More →Market had one helluva week with banks, services and prop leading the way, year end rally remains intact with the constant local fund flow and continued news regarding infrastructure plays.
Read More →JAS To cut shares on issue — JAS will submit its capital decrease issue to the board tomorrow (12 Dec) via the repurchase of 106.85mn shares. This will increase its earnings per share by Bt0.30/share based on projected profits of Bt2 bn in 2012. JAS is also a candidate to be added to the SET50 […]
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