Research on Thai Markets in general and the SET Index
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 […]
Read More →So a quick summary: SET profit was -53% YoY, -42% QoQ This was effectively driven by resources (specifically the energy sector) Agro & food was the only industry to grow YoY and QoQ Agri business, electronics, Packaging, Paper & machinery, personal products were the sectors that grew YoY and QoQ. 90/733 companies (SET & MAI) […]
Read More →So now the question is which way will the market go? 1Q20 #’s are out and naturally looked bad because of the inventory write off’s in the commodities sector. 2Q20 is going to be awful. But what if, from this moment onwards we see constant positive momentum from companies, from the economy, from people resuming […]
Read More →Decree not a ruse to stay in power:PM : Prime Minister Prayut Chan-o-cha is not maintaining the emergency decree for the purpose of protecting his own power, said government spokeswoman Narumon Pinyosinwat. Bangkok Post More to ‘seeking the truth’ laser campaign than meets the eye, academics say : The laser projection of political messages on […]
Read More →So 1Q20 #’s are done, and were generally well-protected due to the fact that pain only started towards the end of Feb. 2Q20 will show the real impact with April and May having effectively zero transactions for the majority of businesses. So now what? The OPEC+ deal to cut supply lasts for 2 years, yes […]
Read More →Ministry to issue savings bonds soon : The Finance Ministry plans to offer special savings bonds worth 50 billion baht to the public to give taxpayers more investment alternatives to earn higher income as low interest rates and economic uncertainty prevail. Bangkok Post Economic rehab plan en route : A 400-billion-baht borrowing plan intended for […]
Read More →The recovery rally had a slight dip last week, but appears to back on today. The next 3 months is going to be interesting, news of economies opening and weak financial results (all done by this week for Thailand). How far will investors look past the #s? How far ahead will investors price in the […]
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