Research on Thai Markets in general and the SET Index
Perks to capture firms fleeing China ordered : The Industry Ministry has ordered the Office of Industrial Economics to finish crafting incentive packages within two weeks to persuade foreign investors to relocate from China into Thailand. Bloomberg NESDC alarmed on housing : The state planning unit is concerned over housing debts, which have increased since […]
Read More →With the 2Q19 earnings all done and showing that the SET/MAI earnings dropped by -18% YoY (thereabouts), it explains why the multiples for the SET are still at north of 18x. August has proven to be a crap month….and since I begun my career back in 2004, I’ve always hated Septembers’.
Read More →Oath ‘fix’ tipped for today : Govt House event has message from King . Prime Minister Prayut Chan-o-cha is due to lead the cabinet in receiving a message from His Majesty the King at Government House today, in an event believed to be linked with the recent controversy over the swearing-in of the cabinet, according […]
Read More →So his latest letter is out and this time a lot of the focus on is geopolitics and US politics from discussions between Blackstone and their clients. I’ve put the whole letter below as it isn’t available on Blackstone’s website but one can easily subscribe to this letter’s from there. Enjoy! Plenty to Worry About, […]
Read More →There is nothing pretty out there atm….maybe its time to invest in a gold mining co…oh wait the Thai military took that option away from us. Now its interesting to see ICT recover…I wonder if there’s still further legs in this if the capex spending isn’t going to be ridiculously high for the foreseeable future.
Read More →Cash splurge to boost economy : Govt to put B316bn into people’s pockets . The economic cabinet has decided to inject another 316 billion baht into the economy through a new stimulus package and remains optimistic that economic growth will be more than 3% this year despite the sluggish global outlook. Bangkok Post Third phase […]
Read More →So we’ve had the pullback…now what? I still think banks are a big question mark given the continuing decline in ROEs. The tech sector which is effectively True, Advanc and DTAC…cash flow, capex management game to maintain their dividend yields…I wonder what consolidation we can see here, i.e. who will eventually take out JAS for […]
Read More →PPRP toils to keep minnows in coalition : The Palang Pracharath Party (PPRP) has decided to award a “political position” to a small coalition party bloc as Prime Minister Prayut Chan-o-cha prepares to hold clear-the-air talks with the group later this week following their threat to withdraw support for the government. Bangkok Post State allays […]
Read More →So earnings have been $hit! Now yes some of it can be attributed to the new accounting policies, but looking across the board its been rather poor in Thailand for the majority of companies. The market is up just +5.5% for the year and its a bloodbath effectively across every sector ex REITs and ICT, […]
Read More →Big spend coming, says Uttama : Govt prioritises tax reform, investment . Expanding Thailand Future Fund (TFF) investment and tax reform are two priority policies that will boost development and help to reduce income inequality, Finance Minister Uttama Savanayana told the Bangkok Post Forum 2019 yesterday. Bangkok Post Three-month strategy unveiled to revive economy : […]
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