Research on Thai Markets in general and the SET Index
With oil prices continuing its decline, the last sector holding up the market is gone, finito over. Many questions were asked over the weekend re how far will it drop..who knows..last time it was from the 70’s to 20’s, this time let’s see. Who benefits, well the names tossed out were ptg, tasco, epg, and […]
Read More →Listed companies reported 3Q18 total profit of Bt254bn, +22%YoY. 9M18 profit was Bt780bn, +11%YoY. (Kao Hoon, 19/11/18) Auto output at 63-month high. The Federation of Thai Industries (FTI) reported on Tuesday that automotive output in October was the highest in 63 months, with a rise of 20.62%YoY to 197,203 units. The FTI’s automotive industry club […]
Read More →Well. The one last sector to keep the market up finally rolled over with oil prices plummeting – I should say I foresaw that with this post (Random Thoughts…) Â but yeah right just lucky with the post timing. So now the question is which names will still be decent to look into? The market valuations […]
Read More →BoT seen holding key rate, but hike possible next month. The Bank of Thailand is widely expected to leave its key interest rate near a record low on Wednesday, though there was a good chance that the first rate hike in years could come in December, a Reuters survey showed. (Reuters, 12/11/18) Govt: No more […]
Read More →So after yesterday’s market update a random thought came to mind, have volumes really dropped? So here’s a quick chart on the daily turnover vs rolling 30 day average turnover on the SET. So what? No idea, but declining volumes are never a good sign, especially on the way down.
Read More →So the impact re the Trump tweet is done? Ok back to basics, 3Q18 #’s are coming out, some have been awful i.e. the airlines, some have been great i.e. the petrochem/energy players. Banks were meh at best, though that’s a sector issue given the country’s demographics and the declining nature of non-interest income. What’s […]
Read More →Sontirat mulls CPTPP membership. Thailand is studying the pros and cons of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that is due to take effect on Dec 30, said the Commerce Ministry. Six out of the total 11 members of the CPTPP have already ratified the partnership, said Commerce Minister Sontirat Sontijirawong. […]
Read More →And all it took was a tweet from Trump to give the markets a little bump. I still have my eyes looking at the USD index, some minor weakness but the trend for strengthening still appears to be there. As for oil….well, brent prices did rally by some +20% since the hint of sanctions against […]
Read More →Nod for Bt631bn EEC, water projects. The cabinet yesterday approved a budget of Bt631 billion to develop five infrastructure projects on the Eastern Economic Corridor (EEC), and seven water management projects. (The Nation, 31/10/18) EEC Office assigned B100bn yearly target. The Eastern Economic Corridor (EEC) Office has been told that its key performance indicator (KPI) […]
Read More →So foreign investors have been selling Thailand for the past 12 months, heavily, who’s picking up the slack? It’s quite obvious as seen per the below. Now why the f is the THB still strong some may ask? A few factors, but look at the second group of charts. The bond market is attractive in […]
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