It’s going to be a small trading band volatile period for the market, other than commodities which continue to go to the moon. Why? Everyone’s waiting on the Fed and are hoping and praying that the bottom does come out. But for TH and most of SEA it’s an odd period, reopening into this environment […]

Last week’s gubernatorial and council races are bad omens for Palang Pracharath, which faces a drubbing at the next national poll, write: The results of the gubernatorial race and the city council election on May 22 are troubling developments for the Palang Pracharath Party (PPRP) with political analysts agreeing the ruling party is unlikely to […]

And so is it done? (what are you talking about?) Ah yes, the Russia/Ukraine war, the slap heard around the world, the monkeypox fear, the interest rate hikes in the Anglo-Saxon world, all the above. I would say, yes to all but the interest rates, there’s still another month or 2 of noise to come […]

Oil Fuel Fund seeks loan of B40bn: Cash needed to subsidise oil prices. The Oil Fuel Fund has enough credibility for financial institutions to extend it loans to boost liquidity, enabling it to subsidise the  domestic oil price, says deputy permanent finance secretary Theeraj Athanavanich.  Bangkok Post  Joint sandbox to be discussed: BoT in talks with […]

The Tourism Authority of Thailand (TAT) plans to spur 80m domestic trips in 1H22 as the downward trend in new Covid infections helps rebuild local travel sentiment. US offers B5.2bn to Asean: Maritime support tops summit agenda. The United States has pledged over US$150 million (5.22 billion baht) in investment to the Association of Southeast […]

So with earnings out, not bad overall, management can start buying their shares in beaten down names again…has the market dropped too far? A little bounce for 1-3 weeks before resuming its downtrend? Or will the commodity complex pull the market back up. Companies and markets are in a (here’s a professional term) funky place. […]

Durian exports to China will bring in an additional Bt120b in revenue this year, says Agricultural Ministry. Co-payment scheme to be extended: Prime minister says extension limited to specific eligible groups of recipients. The government has pledged to implement a fifth phase of the “Khon La Khrueng” copayment subsidy scheme after yesterday approving tourism stimulus […]

Now the SET is only +0.1% for the year and if you take into account the currency drop versus the USD, its rubbish. Banks earnings are out, basically better than what most expected. And I’m still on my commodity rampage, just think about it, China is still locking down Shanghai, a semi-lockdown of Beijing, ASEAN […]