Jesus… -6% for the year, well there you go, it isn’t called amazing thailand for no reason. And that’s before today’s massive drop. Domestically, there’s been the continual noise on owners or the “value investors” that are being hit with margin calls, then you throw in the CPALL noise CPALL issues statement amidst 7-Eleven buyout […]

Bonus 3

Banks generated profit growth….look at the last 6 months performance of thai bank stocks, you may be pleasantly surprised. Financial repression (h/t to clever scottish fellow) works well for Thai Banking performance. Casino update – have a look at this Bangkok Post – Cabinet approves Port Authority revamp – does this mean that Port Authority […]

Bonus 10

And inline with Thailand’s usual underperformance the market is back to being an awful performer. Though with CNY coming up, lots of folks are going to be looking at their fortunes for the next cycle. Let’s see how this influences investments…(un)surprisingly oddly it does matter in Asia. Perhaps after this period of margin call fears […]

Bonus 9

Zero buyers, look at the beautiful red of practically every sector ex telcos and tech. Aeon’s numbers scared me (again): “AEONTS reported 3Q24 (end of Nov 24) at Bt788.57m, +11.7% yoy, beats Bt687m consensus, thanks to Bt94m gain on disposal of AEON Microfinance (Myanmar) in Nov 2024, operation wise PPOP came in at Bt2.6b, -4.9% […]

Bonus 7

And we’re off to the races! 2024 was a trading year for the SET, the launch of Vayupak fund (#3) took the market up from 1250 to 1400 levels and the market effectively hovered around allowing the SET to be flat for the year in THB terms. But if you had ADVANC, TRUE, CCET, DELTA, […]