Research on Thai Markets in general and the SET Index
And so, the quick recovery from the beginning of the year has almost full retraced. The sectors (resources and services) are the two holding the market. Earnings for 1Q19 were average..again..and politics is still the same basketcase. I still hold out for 2 scenarios 1) weak coalition government with a ridiculous amount of infighting leading […]
Read More →Draft windfall tax on EEC agenda : Agency to discuss details of levy with Finance Ministry soon. The Eastern Economic Corridor (EEC) Office plans to talk with the Finance Ministry soon about a draft bill on taxing windfall gains to collect capital gains tax from companies, property owners and speculators that are expected to gain […]
Read More →Some will blame Trump, some will blame China, some will blame the government, some will blame the valuations, some will be blame the religious deities. I will just say look at the numbers.
Read More →Foreign applications to BoI record hike in first quarter : The Board of Investment (BoI) reports foreign investment applications for government incentives in the first quarter rose sharply by 253% to a total value of 84.1 billion baht. Bangkok Post Senators seen as PM puppets : Instability ‘inevitable’ in Prayut-led coalition . At least 160 […]
Read More →And so 1Q19 #’s are continuously coming out, things are still looking average out there and whilst the markets are praying for a relief on the US China issues we don’t have the same valuation margin of safety that existed back in December. It’s going to be an iffy period…oh plus there’s politics in Thailand […]
Read More →It’s going to be wild ride for equities in the emerging markets this month and in August. Why? China’s equity weighting within the MSCI Emerging Markets indices will be increasing from 5% to 20%. Source: MSCI What it was only 5% in the past? Yes, according to MSCI “The 5% initial inclusion of China A […]
Read More →Button down, tighten those seat belts, we’re going to see the aftermath of the Coronation of His Majesty the King. What is going to happen on the 9th May? Despite my personal opinions it looks like Prayuth et al shall be forming a weak coalition government. But could there be a twist? Let’s see, volatility […]
Read More →Uproar as EC found in error again : Doubt rising over entire election: critics . The Election Commission (EC)’s credibility has come under scrutiny yet again after it announced incorrect results for a recount on Sunday in a Nakhon Pathom constituency, held to “correct” a tally that had been questioned. The Nation FPO cuts 2019 […]
Read More →And he’s out with his latest commentary, this time around he talks about the key issues surrounding the market today, a decent 5-10 min read, enjoy! Note: Because it’s only email that one receives when subscribing to Blackstone there is no link so I’ve posted the commentary in its entirety below. Sifting through the Clutter […]
Read More →Every sector is green except for industrials…specifically this is IVL et al. So my random thoughts on the market? Hasn’t changed, good til now given the sharp drop in 4Q18, earnings are still average (at best) and valuations are high-ish. Plus who knows what is going to happen on the 9th May when the election […]
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