Market Update 14/05 – 18/05
Same story week in week out but with an added bonus now of the hospital sector waking up post great 1Q18 #’s
Read More →Category: Market
Research on Thai Markets in general and the SET Index
WHTW Top 10: 14/05 – 18/05
Excise tax collection on alcohol was short of the government target in FY7M18 (Oct 17-Apr 18). This was due mainly to the lower alcohol consumption despite the long holiday in April. Government campaigns and controlled zoning also help reduced alcohol consumption. ( Daily News, 14 / 5 / 18 ) Department of Trade Negotiations (DTN) […]
Read More →Market Update 07/05 – 11/05
The reason the mining sector is down this much is purely due to SQ. Two reasons 1) Lost a bid to ITD 2) Landslide resulted in the project being unable to make $ for the next few quarters. As for the rest of the sectors…same story.
Read More →Random Thoughts: Potential changes to the SET50 and SET 100, Telco Auctions, Malaysian Elections
Potential Changes to the SET50 and SET100 These names have not been confirmed yet but brokers are expecting that these will be the changes. SET50 Expected Additions: BGRIM, DELTA, ESSO, KTC, RATCH Expected Deletions: BCP, KCE, PSH, TPIPP, WHA SET100 Expected Additions: BLA, ERW, MBK, PRM, PTL, RS, THANI, VGI Expected Deletions: ANAN, BA, BIG, […]
Read More →WHTW Top 10: 07/05 – 11/05
Thai National Shippers’ Council (TNSC) raised their forecast for Thailand’s export growth to 8% this year. The more upbeat outlook is due to stronger demand from both key and non-key trading partners. The TNSC also noted that the Thai export structure has become more balanced. (IQ Biz, 9/5/2018) Thai Industries Sentiment Index (TISI) dipped in […]
Read More →Market Update 30/04 – 04/05
Same story, if you’re not in the industrials/resources sectors you’re struggling in this market, and I think its time to shift our eyes to the currency markets again. USD seems to be on a mini upward roll.
Read More →Byron Wien May Commentary
And he’s out with his May Commentary, several interesting points here, here’s a few snippets and a link to the rest of the paper. I remain of the view that 2018 will be a positive year for equities, primarily because of performance in the second half and driven by earnings growth. The tax cut should […]
Read More →WHTW Top 10: 30/04 – 04/05
MRTA expects to finalize PPP plan for its West Orange rail project (Thailand Cultural Center – Bang Khunnon) worth Bt110bn, with board approval on civil work (Bt85bn) within May. (MGR Online, 30/4/18) Ministry of Industry elaborates on Alibaba’s investment plan. It will enter a 10-year leasing contract with local industrial estates to establish a logistics […]
Read More →Random Thoughts: CPF/CPALL, Korea, Politics 101, Digital TV
CPF/CPALL Twice this past week, CPF let the market know that part of its exchangeable bonds issue in 2016 were exercised and converted into CPALL shares. Background: USD 300 mn exchange bonds issued in Sept 2016, bondholders can exchange 90,100 CPALL shares for every USD 200,000 of the bond principal (THB 77.34 per CPALL share […]
Read More →WHTW Top 10: 23/04 – 27/04
The Ministry of Commerce said 6,728 companies registered in March, -1%YoY. In 1Q18, total new companies are above 20,000, +7%. This is expected to be better due to economic recovery. TOR of Bongkoyt-Erawan gas auction to be sent to the EPPO for approval. It will add special points if more than 80% of employees are […]
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