Research on Thai Markets in general and the SET Index
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 […]
Read More →I’m curious on industrials given that they are the major underperforming sector in the past 12 months. Financials did surprise me temporarily with SCB’s price being strong on the back of the news that they’re finally selling to FWD, however it appears that the initial excitement has waned. There’s only a few more weeks left […]
Read More →The Trump vs Xi rhetoric has calmed down and therefore its all BUY BUY BUY
Read More →Small hotels set to legalise ventures : Some 5,000 non-registered small hotels are expected to legalise their business after a recent order issued by the National Council for Peace and Order (NCPO). Bangkok Post Opposition takes charter change campaign to public : On 87th anniversary of Siamese revolution, anti-junta camp targets clauses ‘aimed at entrenching’ […]
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