Research on Thai Markets in general and the SET Index
And a slight recovery, short term still of the viewpoint that the market will be ok because of the USD weakening and the THB thereby strengthening. 2Q18 were ok, but I am wondering when will construction names be in favour again…
Read More →EC: Election likely on Feb 24. The general election will likely be held on Feb 24 next year, according to the roadmap set by the Election Commission (EC). Natt Laosisavakul, deputy secretary general of the EC, presented in Pattaya the draft plan on the senator and the MP elections on Saturday. (Bangkok Post, 16/08/18) Public […]
Read More →Anddd his latest commentary is out, here are some snippets and a link to the rest of the article: As for the 2020 Presidential election, many attending thought Donald Trump would have a second term. True, the Federal Reserve was raising interest rates and shrinking its balance sheet and the European Central Bank was talking […]
Read More →When looking at the macro picture (I’m just a tourist at this, far from an expert) I see record shorts in US treasuries, record longs in the USD, should this shift along with a US/China relaxation of the trade war rubbish, I wouldn’t be surprised to see the markets in Asia recovering strongly.
Read More →Populist budget close to legal limit. Little room remains in the budget for the government to spend further on populist policies through state-owned financial institutions, as populist spending is nearing the cap of 30% of the annual budget, says an informed source at the Finance Ministry. (Bangkok Post, 14/08/18) Ageing Society may slow GDP. BoT […]
Read More →High-speed airport rail headed to Rayong. The committee for special economic zone development in the Eastern Economic Corridor (EEC) scheme has approved a 30-km extension of the high-speed railway that will connect three airports to Rayong province, for an estimated Bt10bn expenditure. (Bangkok Post, 04/08/18) Ad spending on digital TV up 13% YoY. Advertising spending […]
Read More →2Q18’s are in full swing. Lots going on, market seems confused which way to go, the resource sector has returned to help things hold up. I still hold to the same thesis, bear market (rubbish econ, interest rates going up, banks not extending financing), great little rallies here and there for some names, but overall […]
Read More →Thai Rice Exporters Association said Thai rice exports are expected to reach 11mn tons, up from the previous expectation of 10mn tons. It expects rice exports to grow throughout 2H18 because Indonesia is ordering 1-2mn tons more from Thailand and the Philippines plans to import more than 0.5mn tons of Thai rice. (Post Today, 29/07/18) […]
Read More →So here’s the questions: Is the rebound this month going to continue for the rest of the year? Will FOMO drive the market higher? Or will other factors return i.e. valuations, fund flows, interest rates, create a natural overhang on the rise of the market?
Read More →Byron Wein August 2018 His latest monthly letter is outttt and here’s a few interesting snippets and a link to the rest of the piece Today there are fewer public companies in the U.S. than at any time over the last 40 years. The peak year for public markets was 1996, when over 8,000 companies […]
Read More →