Research on Thai Markets in general and the SET Index
Thailand is on holiday today and tomorrow. But as of writing nothing “serious” in the media/corporates have appeared. Thus the same story continues. Vietnam had 3 new cases for the first time in 100 days and their market is -7% over 2 days. Granted that market daily value traded is an 1/8 of Thailand’s so […]
Read More →Appoint Suriya, PM urged : PPRP wants him to get plum energy post. The ruling Palang Pracharath Party (PPRP) has proposed that Industry Minister Suriya Jungrungreangkit becomes the new energy minister in the upcoming cabinet reshuffle, saying the portfolio is among the party’s quota. Bangkok Post BoT rules out IMF help, cites fundamentals : Bad […]
Read More →Earnings season has started with fincos’ being the first sector to release results. As of writing – TISCO, AEONTS and KTC have reported #’s that are -20% YoY or more, KBANK just announced mid-day today and its -70% YoY But we know this. We know that ~10-20% of GDP comes from tourism and with that […]
Read More →Setthaput latest to vie for BoT post : Six candidates in the race for central bank governor as application deadline passes. Setthaput Suthiwart-Narueput, a member of the Monetary Policy Committee and the prime minister’s advisory team, has joined the race for the top job at the Bank of Thailand, bringing the number of contenders to […]
Read More →The rise in agri hasn’t been a surprise given the pork prices and the recovery in chicken prices (and the stagflation thesis), but the move made by the electronic sector annoys me, as I’m still working through a 5G thesis (if anyone has thoughts pls feel free to share), which could be similar to what […]
Read More →Jurin denies ‘industrial’ monkey use : Minister will show envoys animals not mistreated. Thailand does not use monkeys to harvest coconuts on an industrial scale for its export industry, insisted Commerce Minister Jurin Laksanawisit yesterday. Bangkok Post Firms advised to shun lay-offs, think long-term : Companies should avoid lay-offs for the sake of short-term profit […]
Read More →Just have a look the agri sector…imagine how much more valuable CPF would be if it had better corporate governance. I’m still on the stagflation bandwagon…higher costs (so agri/commodities increase in selling price) with zero economic growth for the coming 2-4 years. Then again I could change my mind tomorrow… Domestic tourism – definitely on […]
Read More →Coalition-leader elects new chief as old guard ousted : The Palang Pracharath Party yesterday elected Deputy Prime Minister Prawit Wongsuwon as its new leader in an uncontested race which uprooted people close to the previous leadership from its executive board as was widely anticipated. Bangkok Post On guard against contagion : Thai banks are keeping […]
Read More →The market has pulled back from its peak earlier in the month. So now what? Still of the viewpoint that we’ll see certain sectors outperform others and that those are global/cyclical players…anything related to aspirational spending is probably dead for a while..or perhaps I don’t understand why people overspend. Also note…US Fed is still reducing […]
Read More →CCSA mulls ‘reopening doors’ : Investors and businessmen based in Thailand, along with medical tourists, would probably be the first foreigners allowed in when the kingdom gradually reopens its doors to outsiders, the Centre for Covid-19 Situation Administration (CCSA) confirmed yesterday. Bangkok Post BoT orders stress tests from banks : Fresh results expected next month. […]
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