Research on Thai Markets in general and the SET Index
And so banks have started to release earnings with BBL looking like the safest one of the lot, perhaps being a stodgy old banker made more sense as opposed to what SCB et al were trying to accomplish. More numbers are coming out during the week…I can’t help but wonder why JMT and CHAYO (debt […]
Read More →Price controls ‘will hit healthcare’. The Private Hospital Association is calling for the state to bring all public hospitals under the jurisdiction of the Medical Facilities Act of 1988 in response to the government’s proposed price controls on medical services. The move would put all hospitals under the same regulatory framework, requiring each to provide […]
Read More →Bt450bn budget deficit repeats. The state budget for fiscal 2020 is set at Bt3.2trn, up Bt200bn from fiscal 2019 ending Sep 20, 2019, with a budget deficit of Bt450bn equal to that of the previous fiscal year. (Bangkok Post, 05/01/19) Ministry set for first SEOM meeting here. The Ministry of Commerce will host the first […]
Read More →The second week of the year has started with a positive note with the US and China looking to get together to have a conversation on how each countries needs’, desires, wants be satisfied. It is sure to be an interesting and amusing time period – in other words volatile – we’ll likely see strong […]
Read More →Coronation day for King set for May 4-6. The coronation ceremony for His Majesty the King will be held during May 4-6, the Royal Household Bureau announced on Tuesday. (Bangkok Post, 01/01/19) Cost of firing staff cited as a ‘burden’. The high cost of severance pay given to employees is a financial burden on the […]
Read More →No need for any introduction, here’s the full list, enjoy! Byron’s Ten Surprises for 2019 are as follows: The weakening world economy encourages the Federal Reserve to stop raising the federal funds rate during the year. Inflation remains subdued and the 10-year Treasury yield stays below 3.5%. The yield curve remains positive. Partly because of […]
Read More →And so as of mid-day there has been some recovery in the Thai market (looks like it’s the only one up in the region). But the past 12 months it has been dismal, were it not for healthcare and energy the SET would’ve been down -15-20% for 2018 as you can see from the Sector […]
Read More →Higher growth seen for final quarter of the year. Pisit Puapan, director of the Bureau of Macroeconomic Policy under the Fiscal Policy Office (FPO) and the FPO’s deputy spokesman, said the economy is expected to further expand at a growth rate of 3.3 per cent during the quarter as domestic demands grow while exports remain […]
Read More →Public bus fares to rise from Jan 21. Fares for buses serving Bangkok will rise next month by at least one baht and interprovincial buses will charge 10% more to help operators cover rising fleet costs. (Bangkok Post, 14/12/18) FTA, GSP use rises sharply. The utilization rate of free-trade agreement (FTA) privileges and the Generalized […]
Read More →And finally the energy sector has its turn to drop thanks to the incredible low bid by PTTEP for the two oil blocks. Perhaps finally the disconnect between PTTEP’s share price and oil prices will converge (in english – PTTEP drop’s another 20%) Now if the BOT does increase interest rates will the prop funds/REITs […]
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