Research on Thai Markets in general and the SET Index
B400bn necessary for rehabilitation : With exports and tourism likely to slow until early next year because of the coronavirus crisis, Thailand desperately needs to inject 400 billion baht worth of spending slated for economic and social rehabilitation by June, says Deputy Prime Minister Somkid Jatusripitak. Bangkok Post Auto lenders post marginal loan growth : […]
Read More →And now the fun starts. 1Q earnings are continuing to be released for Thai companies/region/world. Economies are going to begin opening up. What is currently being priced into the markets/sectors/names? Hope? Reality? Will there be a disappointing in how slow the economy opens up? Several businesses are gone, salaries are lost, debt has been accumulated. […]
Read More →SME soft loans open for applications: Commercial banks to relay customer list to BoT. On Monday, the Bank of Thailand plans to kick off applications for the 500-billion-baht soft loan scheme for small and medium-sized enterprises (SMEs) affected by the coronavirus, with banks expected to start taking out the loans from the central bank late […]
Read More →Unemployment soars to 700,000 as factories close : The number of people claiming unemployment benefits has almost doubled to 700,000 people from December last year, with 140,000 registering in March alone. Bangkok Post TAT expects 16m international tourists : Revised outlook a far cry from pre-outbreak target as Vshaped recovery sought. Thailand is likely to […]
Read More →And the rally continues. Several clever analysts have shown that for the US markets a “bear market rally” could go on for 8 weeks. Our response is “we don’t know” Thai airways keeps going…hmmm, and SCB has cancelled their sharebuyback stating they want to help companies and individuals due to the Wuhan-Virus, or is there […]
Read More →Note: 2 weeks worth of rambling here Models There’s been a lot of chatter online, especially in the US and Europe regarding the forecasting of the wuhan-virus and the changes in forecasts on infections/deaths. Having built more than enough financial models in my career attempting to forecast the potential revenues/cashflows/profits etc of a company/industry my […]
Read More →B400bn fund to steady corporate bond market : The Bank of Thailand (BoT) insisted yesterday the planned establishment of a 400-billion-baht corporate bond fund managed by itself is a necessary instrument in stabilising the corporate bond market amid concerns about possible interference from economic experts. Bangkok Post Coronavirus aid rejectees raise ruckus at ministry : […]
Read More →B1.68tn to blunt Covid-19 : Stimulus to avert a repeat of 1997 crisis. The government has unveiled a fresh stimulus package worth 1.68 trillion baht, with plans to issue a set of executive decrees to implement the measure to cushion the blow from the coronavirus outbreak. Bangkok Post First outbreak subsidies due this week : […]
Read More →FOMO recovery rally continuessss. Now just imagine when 1Q #’s come out, yes earnings will look poor, same for 2Q, but all of Asia is up and running by then, Europe is opening up, and case numbers in the US drop and they start to open up…how long will those that sold wait to come […]
Read More →Howard Marks – Which way now? https://www.oaktreecapital.com/docs/default-source/memos/which-way-now.pdf Go read it, pure common sense, will he be this generations investment god replacing buffet? If so does that lead to a generation of worriers vs dreamers? What should I do? That’s a question I’ve asked myself and been asked several times over the past 4 weeks. Investment […]
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