Research on Thai Markets in general and the SET Index
It’s going to be an interesting period. Reopening themes will return stronger Commodities may still continue their run Bad debt is going through the roof, this latest wave was a proper nail in the coffin to the last standing few, that haven’t adjusted their business models. Anyone else notice the strong performance of the MAI […]
Read More →Emergency extended; curbs until end of July: The state of emergency has been extended for another two months to bring the current Covid-19 outbreak under control, according to the Centre for Covid-19 Situation Administration. Bangkok Post Testing the stagflation waters: A combination of sluggish economic growth, relatively high unemployment and a worrying inflation figure may […]
Read More →And here you go: SET earnings +130% YoY, +47% QoQ MAI +351% YoY, +49% QoQ Quick comments: I could be an idiot and value the SET and MAI on a PEG basis, but let’s leave that to the sell-side analysts. Look at Energy & utilities + petro 38% of the SET’s earnings, turned around from […]
Read More →From a Head of Research friend “Earnings: 1Q season is over and on aggregate it was up 28% and c.30% of our forecast. We run a preview on most our and on aggregate the actual earnings were 15.5% higher than expectation. This means upgrades…” Watch for the upgrades, why? The fortune cookie vaccine and AZ […]
Read More →Government’s Mor Prom (“Doctors Ready”) platform can’t accept any more bookings for vaccinations in June, as all available slots have been allocated. BOT rollouts remedy package for retail clients, credit card & consumer credits borrowers, to stretch payment terms and/or cut interests, mortgage borrowers can petition for holiday payment on principal, pay interest only, HP […]
Read More →Wuflu, curry flu, churrascaria flu, spotted dick flu are all over the news in Thailand at the moment. Seeing the same policy mistakes made again and again just flummoxes my mind. But alas it makes it easy to repeat the same play book. All earnings are out by now, I’ll put a summary out later […]
Read More →Phuket to reopen as planned: The government still intends to press ahead with its plan to reopen Phuket to foreign tourists on July 1, despite battling another surge of Covid-19 infections. Bangkok Post New aid measures to bump spending: Government expects six new schemes to help generate B400bn. The government’s new relief packages are expected […]
Read More →MSCI Global Standard Indexes Additions: Carabao Group Public Company Limited (CBG) SCG Packaging Public Company Limited (SCGP) Deletion: KBANK-F shares Total Access Communication Public Company Limited (DTAC) MSCI Global Small Cap Indexes Additions: Absolute Clean Energy Public Company Limited (ACE) Precious Shipping Public Company Limited (PSL) Regional Container Lines Public Company Limited (RCL) Siam City […]
Read More →Still watching the earning’s no surprises thus far. Bangkok is extending it’s lockdown for another week. Likely to remain until you see the “positive case” figures decline back to xxx levels. Although I thought there was enough evidence proving that the negative impact of lockdowns outweigh positives. I’m going to keep banging on about commodities, […]
Read More →TH April Manufacturing PMI 50.7 vs 48.8 in March; year ago 36.8. Jabs, rising exports may boost GDP: Expansion could reach 3% for 2021. A new state-private vaccination plan and good export prospects may help Thailand secure 1.5-3% GDP growth this year despite economic uncertainties caused by the third wave of Covid-19, says the Thai […]
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