The last post for 2019, it just sunk in that it’s the end of the decade. And there’s something beautiful apart of the start of a new year and now a new decade. It brings about a sense of positivity despite the missives that occur both domestically and internally. Thanks for reading/commenting/emailing everyone. Have a […]

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Just announced, the latest changes for the SET50, SET100, sSET, SETCLMV, SETHD, SETTHSI and SETWB indices, effective for 1H20. SET50 In: VGI Out: ROBINS SET 100 In: BGC, STPI, THG, TQM, VGI Out: ANAN, BLAND, ROBINS, SIRI, TVO And go to the link below to see the rest. Source: SET

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Let’s see…what is positive…ok the government is going to push through hundreds of billions of baht of infrastructure projects next year, and they claim that there won’t be any delays. And…that’s it. Protests have started again. It’s been quite a few years since the last ones…so things are returning to normal in Bangkok. At one […]

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Ministry restores rights for scheme : Some 1.1 million deprived registrants to receive rebate . The Finance Ministry has reinstated rights for the cash rebate to 1.1 million deprived registrants from the Taste-Shop-Spend scheme’s first and second phases in an effort to boost spending and economic growth. Bangkok Post UTCC: Confidence lowest in 67 months […]

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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.

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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 […]

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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 […]

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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 […]

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