Research on Thai Markets in general and the SET Index
Watch for a messy re-opening for tourism. Too many q’s re Phuket…1) Will this incompetent bunch of donkeys actually be able to systemically vaccinate the population there? 2) What about the tourists from Bangkok that frequent Phuket at the moment, do they not outnumber the potential number of foreign tourists for the next 3-6 months? […]
Read More →NBTS said postponing 5G license payment proposal is in conflict with TORs and a special order under Article 44 is needed, otherwise would sure to result in further lawsuits. Transport Ministry to sign TH-China high-speed rail projects today, total 3 contracts worth Bt27b, China State Construction-NWR-AS Associate consortium wins Bt11.525b, ITD’s Bt6.57b and UNIQ wins […]
Read More →Over the last 12 months, everyone made a killing. I’ve been thinking more about the next 12-18 months and wondering 1) Rates move = banks earnings coming back therefore ROE improvement despite the dead economy 2) The bigger get bigger (ranted on this enough times) 3) Commodities on a multi-year uptrend cycle (does this then […]
Read More →SSO is tightening policies on investing in corporate bonds following LPN, BAFS, BEC and AAV credit downgrade, raises overseas investment to 30% from current 15% to diversify risk. Thailand’s elderly population is growing rapidly. The country is already considered an “ageing” society, meaning 10% is aged 60 and over, and has been since 2005. It […]
Read More →So the 4Q20 #’s were finished a few weeks ago, there’s an excel file link below (only available for a week from posting date) Here are some quick #’s: SET 4Q profit was -31% YoY, +23.7% QoQ, 9M was -50% 3/27 sectors grew YoY & QoQ 119/814 companies (SET & MAI) grew their profits & […]
Read More →Ohhh boy look at the markets. Naturally over the past 12 months returns look amazing because guess what it’s been a year since the Wuflu starting hitting the Western markets (it hit Asian markets initially in Feb ’20) and then took the global markets all the way down. 12 months! It’s been a year of […]
Read More →Is it me or did Buffet’s annual letter didn’t get as much play in the media as it used to? Or am I just in a different social media bubble that I don’t see the using fawning over what he wrote? Same thoughts apply to Marks latest Memo, normally I would see this all over […]
Read More →Bankers seek easing of soft loan regulations: The Thai Bankers’ Association (TBA) has asked for an easing of the government’s amendment of the soft loan decree, which was aimed at facilitating better access to funding for small and medium-sized enterprises (SMEs). Bangkok Post FTI is worried efforts to restore the reeling Thai and global economies […]
Read More →Anti-government protests resumed over the weekend in 4 locations in BKK, some 20-40 protesters were arrested. Police are working to identify those who hijacked police vehicles and helped two detained protesters escape during the protests. CCSA is set to consider easing quarantine rule for tourists from next month, where they will be allowed to leave […]
Read More →I’ve been saying it for months, and I’ll continue to, commodities, hello crude oil my old friend. Thoughts: Are we finally seeing the demise of the sexy “tech names” which is amusing as the tech names here are manufacturers and not global software plays.
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