So is the market recovery done for now? Or will the pain only be in the currency market (baht is back to USD/THB 36 as of writing). 2Q22 earnings for the market were fantastic and surprised most analysts. Fun times.

Rubber authority reported 1M22 natural rubber & rubber products exports at 2.19m tons, total Bt240b, China is top importer account for 49% of total exports, Malaysia 10%, U.S. 7%, JPN 6% and SKR 4%. Banks pledge to maintain prime lending interest rate: Local banks have announced they are maintaining the prime lending interest rate to […]

If you look at earnings season….I dare say it, it’s surprised a lot of people with far better than expected figures for most industries…remember…market share to the big boys (all listed cos). So what’s the fwd PE of a market where earnings are “growing” at an annualised rate of 20-30%?

Ministry ups headline inflation forecast: The continuing rise in energy prices which have raised production costs for manufacturers and the prices of goods has prompted the Commerce Ministry to upgrade the forecast for headline inflation in 2022 to a range of 5.5-6.5% (averaging 6%) from the 4-5% range (averaging 4.5%) projected in March. Bangkok Post […]

It’s going to a funny week, we have: The last week of earnings season A shortened week due to ANOTHER friggin’ public holiday in Thailand The Bank of Thailand meets and I hope raises rates (I want to see a +200 bps, though I’m expected 50-70bps) Then the US Fed meets to wiggle their figures […]

What’s driving the market? Funnymentals of course, DELTA knocked it out of the park with their earnings and this name is back to being the main reason for the market racing back up. As for the rest of the names, banks have surprised analysts (they seem to be surprised often) with better than expected figures, […]

Throw in the nearly -10% decline in the THB this year and the SET is down -16%. All the short term traders/investors are waiting for Wednesday night’s Fed speech – no idea why, rates are going up…and Thailand has ANOTHER 2 public holidays on thurs/fri. So it’s going to be a quiet week.

Minnows to aid PPRP at poll: Small parties can help it bag list seats and counteract unfriendly seat calculation method. All eyes are on two small parties which are expected to help the ruling Palang Pracharath Party (PPRP) secure party-list seats and counteract a new method of calculating the seats seen to favour small parties […]