Market Update 04/12
And so that quick news on China and the US not fighting much over trade anymore gave the market a fantastic bounce. I’ve always said that the best rallies happen during bear markets, and this is no exception…
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Research on Thai Markets in general and the SET Index
Random Thought: What’s been keeping the THB strong?
Well here you go. Are these ridiculously high levels? For Thailand yes, compared to the region i.e. Indonesia and Malaysia where it reaches ~40% then no. But does it make sense when the USD offers higher yields than THB? To which one ponders, are the buyers just regionally focused and therefore have to put capital […]
Read More →Byron Wien December 2018 Commentary
And he’s back with his latest commentary that covers both the bullish (earnings growth, valuations) and bear (politics) elements facing the market today, several great points are made. As usual here’s some snippets and a link to the rest of the article. For these reasons I thought the equity market would have to go through […]
Read More →WHTW Top 10: 26/11 – 30/11
Prayut to use S44 to settle weed patents. Prime Minister Prayut Chan-o-cha is preparing to use Section 44 to settle contentious requests to patent marijuana extracts, which has sparked concern it could set back plans to develop them for medical purposes. (Bangkok Post, 27/11/18) MPI up 4% last month. The manufacturing production index in October […]
Read More →Market Update 19/11 – 23/11
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 →WHTW Top 10: 19/11 – 23/11
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 →Market Update 12/11 – 16/11
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 →WHTW Top 10: 12/11 – 16/11
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 →Random Thought: Declining turnover?
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 →Market Updates 05/11 – 9/11
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 […]
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