Research on Thai Markets in general and the SET Index
The market is “only” down -8% this year. I’m still going to beat the drum that its the large players and commodities that will drive the market for the coming 6-12 months. Have had some people mention to me that some domestic consumer players are rocking and rolling due to the lack of international competition.
Read More →MPI increases for 6th straight month: Thailand’s manufacturing production index (MPI) in October dipped by 0.54% year-on-year, but authorities believe domestic industry is approaching its pre-outbreak momentum as monthly MPI has been rising since May. Bangkok Post Kingdom signs deal to secure vaccine: Thailand officially signed an agreement yesterday with AstraZeneca securing the kingdom’s access […]
Read More →So this 3Q20 #’s were finally finished just over a week ago. Here are some quick #’s: SET 3Q profit was -31% YoY, +23.7% QoQ, 9M was -50% All major sectors excl construction and transports improved QoQ 5/27 sectors grew YoY, QoQ & 9M 147/778 companies (SET & MAI) grew their profits & eps both […]
Read More →After this great rally of nearly +20% this month, the question we face is 1) is it over? 2) if not, will it continue, then if so by how much more? 3) what else should we buy? 4) What’s being priced in?
Read More →Kingdom pushes SME promotion : Thailand pushed for the promotion of smaller businesses and the development of service sector workers to address new normal challenges during a virtual Asia-Pacific Economic Cooperation (Apec) leaders’ meeting yesterday. Bangkok Post BoT moves to curb strengthening baht : The Bank of Thailand has liberalised foreign currency deposits and increased […]
Read More →What a difference a few weeks make. The SET is +16% this month alone, though still down -12% ytd. Which sectors drove it? Resources (i.e. commodities and all) *personal pat on the back here*, and #2 were banks. Though I’m right now listening to BAM’s call, and they’ve mentioned that their capacity of buying bad […]
Read More →Quarantine debate next week : A proposal to reduce the mandatory quarantine period for foreign tourists from 14 to 10 days will be put forward to the Centre for Covid-19 Situation Administration (CCSA) for consideration next week amid Public Health Ministry advice that the infection is usually detected during the first 10 days. Bangkok Post […]
Read More →The combination of the BOT saying banks can pay divvy’s + vaccine news (pfizer 90%, russia 92%, now moderna 94%, next is china at 1,000%) + earnings for 3Q being o-k-a-y-i-sh is driving the markets. Now with oil finally going to make its push, there’s a lot of positives for the SET. Though I still […]
Read More →BAAC to keep lid on NPL ratio at 4% of total loans : The Bank for Agriculture and Agricultural Cooperatives (BAAC) aims to limit its non-performing loan (NPL) ratio, keeping it from exceeding 4% of total outstanding loans through debt restructuring measures. Bangkok Post Fair trade body green lights CP’s Tesco buyout : The Trade […]
Read More →I still hold to the viewpoint that everything is going to look better QoQ until 2H21, and as such the markets will rally. In Thailand – the protests are priced in, hence the drop in the past 2-3 weeks plus the usual regional fund outflow. It’s earnings season time, latest one today is CPN which […]
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