Its rather obvious to to see that unless you’re in energy names you are lagging the market.

Ministry of Finance told World Bank that the new Public Procurement Act is not a barrier to government investment, claiming that the international standards in the Act can save around Bt30bn for the country. (Matichon, 18/4/18) Thailand approves tax incentive plan to encourage bank mergers. Thailand’s Cabinet approved a plan on Tuesday to offer tax […]

And the volatility continues coming. Note the underperforming sectors all but energy related and services…one thing I believe market commentators are missing out on is the continued increase in interest rates likely to come out of the US and then EU and then Japan. If we have benefitted from the abundance of liquidity, what will […]

Department of Revenue to issue law to tax e-commerce business. There will be 3 actions: 1) cancelling VAT exemptions on some goods valued at under Bt1,500. 2) Stating that e-commerce firms are required to pay VAT. 3) Taxing online entities Google, YouTube, Facebook and Line. (Khao Sod, 9/4/18) World Bank raises Thailand 2018 growth forecast. […]

There you go. It’s been painful. Now I naturally begin to wonder when will the steel, agri, and MAI begin to attract investor attention given their relatively weaker 12 months performance?

Department of Airports to ask the Minister of Transportation to open three airport expansions for PPP: Buriram, Petchabun, and Korat in April. The projects will be open for auction around the beginning of 2019. (Khao Sod, 2/4/18) Thai March headline CPI rises 0.79pct y/y, below forecast. Thailand’s annual headline inflation rate rose in March, but […]

Unless the company is PTT or CPALL everything else is suffering. Although part of me is thinking that construction services (excl ITD) could be interesting given how poorly they’ve performed this year. -17% is no laughing matter.