Research on Thai Markets in general and the SET Index
SpaceX rep held talk with NBTC on Friday on obtaining internet satellite license as it plans to open commercial booking in Thailand this year. A 4 days Censure debate against the PM and 9 ministers will begin on Tuesday and end on Friday, before the voting on Sat. It’ll be chaotic if the Opposition is […]
Read More →Hello crude oil my old friend.
Read More →Cash handout stimulus total Bt37.1b for 9.27m SSO shareholder open for eligibility check from February 21 till March 7, spending period from March 22 till May 31. PM said Thailand has contingency plans to secure vaccines from other producers if AstraZeneca cannot deliver the doses it promised in time. Health authorities have dismissed the possibility […]
Read More →Commodities Commodities Commodities Vaccine roll out = messy, but doesn’t hide the fact that people are expecting things return to normal by mid-year for most parts of the world. Remember the initial demand bounceback post the 1st lockdown last year? Apply that globally. That’s the expectation at the moment.
Read More →Bank for Agri (BAAC) cuts FY21 loan growth target to Bt70b from Bt100b in FY20, sees farmers becoming more prudent on spending. Delivery of jabs in doubt: Stockpiling by EU may halt exports. The government now appears reluctant to confirm if a second batch of Covid-10 vaccines will arrive in Thailand in June as expected, […]
Read More →It’s only been 1 month. 1 month! What a start to the year. When looking at the the worst performers for the past 12 months, would you bet against banks? They’re given capital by the BOT to lend out and make a spread, cheaper than getting deposits. Sure NPLs and provisions will be in the […]
Read More →Co-pay scheme generates B70bn: Goal of the scheme is to stimulate consumer spending. Capital worth 70 billion baht circulated in the economy during the 3 1/2 months of the co-payment subsidy scheme, says the Finance Ministry. Bangkok Post Exports above expectations: Exports fared better than expected for the full year of 2020, contracting 6.1% from […]
Read More →Banks are done, next is the rest of the market. Thoughts on their earnings? Meh. Those that provisioned heavily and early (i.e. KBANK) looked great, those that didn’t, basically the rest of them, looked rubbish. Note the loan growth figures…tepid. I’m seeing more places close permanently on my weekend drives (~within 250 km from bkk […]
Read More →Aeronautical Radio of Thailand reports 55% drop in flights to 464K flights last year, but reported 11.5% rise in December, while AAV had the most flights at 7,668. Ministry mulls new round for co-payment: The Finance Ministry plans to add another registration round for the second phase of the co-payment subsidy at the end of […]
Read More →A political bomb over the weekend, but small in scale, looking at the market this morning, its a non-event. Though I do expect to see things continuing to escalate further. Want a cynical viewpoint? Protestors need a martyr to win. We’re going to see the financials come out with numbers in the coming weeks, it’ll […]
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