TAT calls attention to flaws in tourism scheme : Only 17% of 5.05 million registrants used the benefit over two months. The domestic tourism subsidy needs another major revamp despite generating 3 billion baht for the local sector, as just 17% of 5.05 million registrants used the benefit over two months, according to the Tourism […]

A combination of the sell off in Agri (specifically pork-related names) and oil (a little dip for this period) => the market declines. September – to my memory – has always been a eventful month for markets, and we doubt this month is going to be any different with Thailand facing some students hitting the […]

Moratorium borrowers need a break : 30% of SMEs under the scheme are unable to make repayments. Some 30% of borrowers entering the debt moratorium scheme are not expected to be able to service their debts at the same rate, says the Small and Medium Enterprise Development Bank of Thailand (SME D Bank). Bangkok Post […]

Oil woke up to the downside over Thailand’s long weekend (started on Thursday night) and is now -12%. This naturally has a negative impact for the Thai market given the weighting in the index on oil names. The agri sector, especially those driven by pork prices – well it seems done for now, I wouldn’t […]

Last day of the month, earnings are done, XD dates are in progress and so now the q is what’s next….will the markets price in the reality of a rather weak economy or will investors look at the potential momentum build up over the coming months/quarters/years? I still think this will be sector specific and […]

Navy on defensive over sub plan: Top brass slam Pheu Thai ‘politicisation’. The Royal Thai Navy has defended its planned procurement of two more submarines worth a massive 22.5 billion baht from China, and accused the Pheu Thai Party of exploiting the issue for political gain. Bangkok Post Dept plans ‘villa quarantine’: The Department of […]

Two words: Convalescent Plasma

Key points: 128/750 companies reported profits that are up QoQ, YoY, 1H20 vs 1H20 Worst sector: Tourism Best sector: Agribusiness QoQ: +44%, YoY: -46%, 1H -59% Note: This isn’t fully comprehensive of all listed firms, there may be data issues.

Senators crucial factor in constitutional change : The coup-installed 250 senators will be a decisive factor in constitutional amendments pushed by several parties and it remains to be seen whether the Senate’s role in charter change can help defuse political tensions stemming from student protesters who are also demanding charter revisions. Bangkok Post Govt plans […]