Research on Thai Markets in general and the SET Index
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 : […]
Read More →So reality is setting in again for the markets, here’s what you have coming…trade war impacts are going to hit the markets further. Currencies are going to continuously go a bit nuts. And hey 2/3’s of the debt outside the US are -ve yielding. Specific to Thailand…weak exports…tourism dropping YoY (but still pretty darn good), […]
Read More →Thai-EU free trade talks set to resume after hiatus : Thailand is returning to the negotiating table for a Thai-European Union (EU) free-trade agreement (FTA) after the green light was given by the new government, according to Auramon Supthaweethum, director-general of the Trade Negotiations Department. Bangkok Post Opinion poll gives thumbs up to FFP : […]
Read More →We’re still in the midst of 2Q earnings being released and so the activity is rather choppy with the usual rumour mills around names, until the inevitable 1) Sell on fact or 2) Things aren’t that crap after all; reactions. Globally, well the impacts of the trade war are going to look incredibly obvious in […]
Read More →Sontirat cools firms’ wage hike fears : Energy minister says campaign promise is not an urgent priority for his party . Businesses should not panic about a hike in the daily minimum wage, from 300 baht to 400-425 baht, because it is not an urgent priority for the Palang Pracharath Party (PPRP), says Energy Minister […]
Read More →The financial sector has started the earnings release and they look crap, zero loan growth, profit down, lots of write off’s. Amusingly the only decent looking bank in this quarter was KTB (note: BAY was good too, but quite illiquid), but that’s because of the massive write off’s they took in 2018.
Read More →FPO: Limited budget to fund populist policies : The Finance Ministry is looking to scale down the new government’s populist campaign promises, given the constraints of the available budget and a delay in the fiscal 2020 budget process. Bangkok Post BoT starts siege on hot-money flows : Baht weakens, SET shaken after announcement . The […]
Read More →We’ve been receiving updates from our international custodian regarding the moves made by the BOT and this is the latest. What do we think the impact may be? Perhaps it will reign in some of the strength in the THB but by “ BOT is concerned about the rapid appreciation of the Thai Baht which […]
Read More →2Q19 #’s are coming out, banks are looking so-so and only decent if they are lowering provisions. It’s going to be interesting to see how it’s all performing through the sectors, I suspect 3Q19’s (not 2Q) will be rubbish as the trade war impacts will be properly felt then
Read More →Cabinet line-up sent to King : Prime Minister Prayut Chan-o-cha said he has submitted the new cabinet lineup for royal approval and is expected to be sworn in soon. “You will see that the royal endorsement will come soon,” he said, when asked whether the list has been submitted. Bangkok Post India pushed to finish […]
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