Market still remains stuck in its range, today’s impact comes the AOT news that they won’t make King Power pay the fees for the next 12 months. Earnings season is in full swing, deadline for all listed co’s is mid August, and banks were the first ones out the gate….banks wise – SCB’s earnings look […]

BoT looks to lighten burden for distressed borrowers : The Bank of Thailand is considering adding a haircut method to the third phase of debt relief measures to help borrowers reeling from lower income caused by the virus crisis. Bangkok Post Exports tumble 23% in shaky June : Worst showing since July 2009 prompts full-year […]

Thailand is on holiday today and tomorrow. But as of writing nothing “serious” in the media/corporates have appeared. Thus the same story continues. Vietnam had 3 new cases for the first time in 100 days and their market is -7% over 2 days. Granted that market daily value traded is an 1/8 of Thailand’s so […]

Appoint Suriya, PM urged : PPRP wants him to get plum energy post. The ruling Palang Pracharath Party (PPRP) has proposed that Industry Minister Suriya Jungrungreangkit becomes the new energy minister in the upcoming cabinet reshuffle, saying the portfolio is among the party’s quota. Bangkok Post BoT rules out IMF help, cites fundamentals : Bad […]

Earnings season has started with fincos’ being the first sector to release results. As of writing – TISCO, AEONTS and KTC have reported #’s that are -20% YoY or more, KBANK just announced mid-day today and its -70% YoY But we know this. We know that ~10-20% of GDP comes from tourism and with that […]

Setthaput latest to vie for BoT post : Six candidates in the race for central bank governor as application deadline passes. Setthaput Suthiwart-Narueput, a member of the Monetary Policy Committee and the prime minister’s advisory team, has joined the race for the top job at the Bank of Thailand, bringing the number of contenders to […]

The rise in agri hasn’t been a surprise given the pork prices and the recovery in chicken prices (and the stagflation thesis), but the move made by the electronic sector annoys me, as I’m still working through a 5G thesis (if anyone has thoughts pls feel free to share), which could be similar to what […]

Jurin denies ‘industrial’ monkey use : Minister will show envoys animals not mistreated. Thailand does not use monkeys to harvest coconuts on an industrial scale for its export industry, insisted Commerce Minister Jurin Laksanawisit yesterday. Bangkok Post Firms advised to shun lay-offs, think long-term : Companies should avoid lay-offs for the sake of short-term profit […]

Just have a look the agri sector…imagine how much more valuable CPF would be if it had better corporate governance. I’m still on the stagflation bandwagon…higher costs (so agri/commodities increase in selling price) with zero economic growth for the coming 2-4 years. Then again I could change my mind tomorrow… Domestic tourism – definitely on […]