Research on Thai Markets in general and the SET Index
The market has pulled back from its peak earlier in the month. So now what? Still of the viewpoint that we’ll see certain sectors outperform others and that those are global/cyclical players…anything related to aspirational spending is probably dead for a while..or perhaps I don’t understand why people overspend. Also note…US Fed is still reducing […]
Read More →CCSA mulls ‘reopening doors’ : Investors and businessmen based in Thailand, along with medical tourists, would probably be the first foreigners allowed in when the kingdom gradually reopens its doors to outsiders, the Centre for Covid-19 Situation Administration (CCSA) confirmed yesterday. Bangkok Post BoT orders stress tests from banks : Fresh results expected next month. […]
Read More →The BOT decided to wake up and follow the ECB and BOE last Friday night by announcing that no banks are allowed to pay interim dividends. And yet they still say there are no rise in bad loans or NPLs. At what point will these institutions realise that we know they are full of h$it? […]
Read More →Ministry cuts oil price, keeps LPG subsidy : The Energy Ministry has cut the exrefinery oil price by 0.5 baht and will continue to subsidise gas purchases as part of its ongoing measures to provide relief to an economy battered by Covid-19. Bangkok Post Cabinet gives the nod to B3.3tn fiscal budget bill : The […]
Read More →The energy sector will be under some pressure as oil prices have declined (Brent is down from 42 to 37). I still think that the bank rally was a dead cat bounce, there’s nothing positive going on there. Hotels are being filled up with local tourists, especially those within 200 km from Bangkok, so Ayudhya, […]
Read More →SEC mulls alternative bond funding : Agency seeks tax perks for fund. The Securities and Exchange Commission (SEC) has floated an idea to set up a fund to help issuers of non-investment-grade corporate bonds in the pandemic era. Bangkok Post Japanese firms ask for traveller quota : Japanese investors and companies are requesting the Thai […]
Read More →Banks woke up last week, have my doubts on this continuing unless the BoT suddenly swamps them with unlimited capital + cheap financing that they can relend out and make a spread upon. Industrials – effectively oil & petrochem’s still the place to be….until the saudi’s/russians/americans decide to increase supply…which probably will not happen until […]
Read More →Budget Bureau gives nod to further B100bn in borrowing : The government is able to borrow an additional 100 billion baht to offset a budget deficit if state revenue collection for fiscal 2021 misses its target, says the Budget Bureau. Bangkok Post THAI flights put on hold until July : Thai Airways International (THAI) has […]
Read More →And the market goes and goes, wall of worry continues to be climbed. Just imagine what happens when oil goes another +5-15% from here. Then we’ll see the SET north of 1,400. If Thai banks have their liquidity issues sorted out by the BoT, then 1,500 is possible..tourism shows signs recovery.. then 1,600. Or it […]
Read More →Household debt risks boiling over : NPL value closing in on B1tn this year amid contraction. The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit […]
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