Research on Thai Markets in general and the SET Index
And the market is -ve YTD. Done. The only sector that has me interested for the next 2-3 years would be the commodity related space. Globally banks are (or have been) reducing financing to oil and coal firms…limited new supply…continued demand increase…dare I say it…for the first time since 2006 BANPU may actually look interesting.
Read More →Notable Transactions Buy(s) THB 52 mn N/a Sell(s) THB 11 mn N/a
Read More →BoT upbeat on fourth-quarter outlook : Key official strikes bullish note for next year, predicts accelerated public spending . Even though the economy got off to a rough start in the fourth quarter, the Bank of Thailand remains optimistic that the period’s reading will fare better than the third quarter’s. Bangkok Post Defence ‘off-budget’ spend […]
Read More →Is reality finally setting in the amongst the large caps that have been keeping the market up? Ex the top 20 names performance over the past few years the SET would be back below 1,500. Note: MTD is for Dec ’19
Read More →Opposition to target economy, corruption in censure debate : The opposition is ready to censure the government for its mishandling of the economy, policies it says benefit big businesses and alleged corruption in government agencies, according to Pheu Thai Party chief strategist Sudarat Keyuraphan. Bangkok Post Govt preps B50bn for stimulus : Big cash injection […]
Read More →So how much further can earnings deteriorate? Looking into my magic ball of future forecasts, I wouldn’t be surprised that by this time next year 1) Oil is +10-15% higher 2) Soft commodity prices recover 3) Coal prices are +20% or more, and 4) spreads for certain petrochems improve as well. I see that commodities […]
Read More →Shutdowns prompt call for aid : Uttama wants relief for ailing businesses . In the wake of a spate of business shutdowns, Finance Minister Uttama Savanayana has instructed specialised financial institutions (SFIs) to roll out assistance measures for their ailing business customers. Bangkok Post Govt could seize land in Pareena case : Deputy Agriculture Minister […]
Read More →And so all 3Q #’s are out, guesstimate is that they are -19% YoY for the market. What’s left for this week? Well its politics fun time! On the 20th November the country will learn whether or not FFP will be disbanded as a political party. My thoughts? This would be positive for the markets […]
Read More →Future Forward on thin ice : Charter court has power to break party up in crunch Nov 20 ruling. All eyes will be on the Constitutional Court on Nov 20 when it delivers a ruling which could make or break the embattled Future Forward Party (FFP) leader Thanathorn Juangroongruangkit in a mediashareholding case. Bangkok Post […]
Read More →And the pain continues. I’m still thinking that at one point the oil sector is going to make a move. Saudi Aramco’s IPO is on the same date as the OPEC meeting, coincidence?
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