Research on Thai Markets in general and the SET Index
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 →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 →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 →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 […]
Read More →Its rather obvious to to see that unless you’re in energy names you are lagging the market.
Read More →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 […]
Read More →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 […]
Read More →The research headlines about Thailand being the next Japan have been going around research desks for the past 6-12 months, you can read the content for some info but in the end the key takeaways that we’ve had regarding this similarity is that there are two sectors that should perform well, first being convenience stores […]
Read More →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. […]
Read More →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?
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