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, […]

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 […]

Here’s the dirty little secret, local restaurants, coffee shops, retail have zero impact on GDP. If they’re shut down, it doesn’t show up in the #’s. I have a simple viewpoint regarding the markets still, it hasn’t changed much. Some trends come and go but the supply chain issues will last for the rest of […]

TH General Insurance Association sees Covid insurance policies exceeded 10.65m, 100k-200k policies sold/day, April Covid claims alone 5x above Bt77.3m FY20 entire year claims. Export target likely to exceed 4% after Q1 bump: The Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% […]

Hope you’ve all unleashed the same playbook, I mentioned it here Market Update 05/04. Same crap, same lockdowns, sure we can travel between provinces. But the psychology of a lockdown has returned to the country for the next few days (or weeks?). The only question at the back of my mind is whether these incompetent […]

To make up for the Songkran break I’ll add an extra 10 Several auto makers were holding back EV production expansion on risk of flooding in EV from China without tax barrier, urging EV board to form concrete policies. Non-bank fin & card co., likely benefit from Citi’s plan to exit consumer credits & credit […]