Research on Thai Markets in general and the SET Index
2Q18’s are in full swing. Lots going on, market seems confused which way to go, the resource sector has returned to help things hold up. I still hold to the same thesis, bear market (rubbish econ, interest rates going up, banks not extending financing), great little rallies here and there for some names, but overall […]
Read More →Thai Rice Exporters Association said Thai rice exports are expected to reach 11mn tons, up from the previous expectation of 10mn tons. It expects rice exports to grow throughout 2H18 because Indonesia is ordering 1-2mn tons more from Thailand and the Philippines plans to import more than 0.5mn tons of Thai rice. (Post Today, 29/07/18) […]
Read More →So here’s the questions: Is the rebound this month going to continue for the rest of the year? Will FOMO drive the market higher? Or will other factors return i.e. valuations, fund flows, interest rates, create a natural overhang on the rise of the market?
Read More →Byron Wein August 2018 His latest monthly letter is outttt and here’s a few interesting snippets and a link to the rest of the piece Today there are fewer public companies in the U.S. than at any time over the last 40 years. The peak year for public markets was 1996, when over 8,000 companies […]
Read More →Rise in interest rate no effect on public debt. The Director of Public Debt Management Office said he is not concerned about public debt management if interest rates rise because 90% of public debt is longterm debt at a fixed rate. Only 10% of public debt is short-term and affected by the rise of interest […]
Read More →Thai banks, specifically KBANK, reported rather decent earnings last week hence the straight up move throughout the day and making the month look decent so far. Has the narrative now changed with the banking sector? 3 months ago it was lost of fee income, shown rather obviously with SCB’s #’s, and that NPL’s are going […]
Read More →Howard Marks Memo I am still digesting my thoughts with his latest memo.  I do not know if I necessarily agree with each and every point that he makes I see computer decision making as a function of human decision making. Because it is programmed by humans based upon the rules instilled within a […]
Read More →Ministry of Commerce confident that FTA benefits will surpass target of US$6.5bn after already reaching US$2.8bn in five months. The Department of Foreign Trade is confident that the value of benefits under the Free Trade Agreement (FTA) and Generalized System of Preferences (GSP) in 2018 will grow at a rate not less than the growth […]
Read More →A respite in the market drop with effectively all sectors recovering in the past week. But now there’s the fear of oil prices, which are finally looking weak, if that shoe drops, hello 1,500 again. Until we see 2Q18’s coming out for all the sectors it’s going to remain a choppy time.
Read More →NLA approves 20-year national strategy. The National Legislative Assembly has voted unanimously to approve the National Strategy, with binding effect over the next 20 years and penalties for non-compliance. (Bangkok Post, 06/07/18) NESDB to study feasibility of Kra canal plan. The National Economic and Social Development Board (NESDB) should be entrusted to study the feasibility […]
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