Research on Thai Markets in general and the SET Index
And the recovery rally continues, DELTA has been making Tesla like moves in the market, which confounds us, but c’est la vie. It’s coming to the end of the year, newsflow other than vaccine news is going to be limited. We’ll see if the fund flow continues to be positive into the markets. Though we […]
Read More →Deduction incentives to be reviewed : The Finance Ministry wants to reform the tax structure by revising the large number of deduction incentives, arriving at a more appropriate level. Bangkok Post Cabinet is expected to sign off MRT Pink line extension (Khae-Lai-Min Buri-Muang Thong) concession btw State Railway and BKK Monorail, a consortium of BTS-STEC-RATCH […]
Read More →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 […]
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