Research on Thai Markets in general and the SET Index
Fitch affirms Thailand at BBB+, outlook stable. Fitch Ratings has affirmed Thailand’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. The rating is underpinned by solid external and public finances, which enhance resiliency to economic shocks. (Bangkok Post, 09/06/18) Consumption growth still low. The Thai Retailers Association director, Mr .Chatchai Tuangrattanapan, […]
Read More →Nothing is looking pretty out there except the hospitals which had a decent 1Q in terms in financial performance.
Read More →Revenue chief scotches VAT rise talk. THE new chief of the Revenue Department plans to add artificial intelligence (AI) to the agency’s arsenal for tax collection and has dismissed rumours of a planned increase in the value-added tax (VAT) rate. (The nation, 01/06/18) Inflation streaks to highest level in 16 months. Headline inflation in May […]
Read More →Continued weakness with the oil prices = killing 2 of the 3 sectors that has been positive for the past 2 years.
Read More →US farmers up in arms over additives ban. A group of pork producers in the US is petitioning the Office of the United States Trade Representative )USTR (to consider cutting the Generalised System of Preferences )GSP (granted to Thailand, in protest against Thailand’s refusal to import pork containing ractopamine, a cabinet meeting was told on […]
Read More →It is all about the dollar and oil at the moment. Oil prices have dropped by some -5%, watch the market drop to 1,600 levels
Read More →JFinCoin & JMART I wanted to give this a few weeks before writing about it to see if there would be anything positive. Unfortunately for them not, the ICO performed poorly and is down some -50% from its initial offering price. The perfect world scenario was that it would pop well on the first day […]
Read More →Budget for agricultural (via 15 measures) is estimated to add Bt100bn into the economy. Given the budget size of Bt42bn, the budget multiplier is around 2.65X. This should generate income of Bt30bn for farmers. (Kao Sod, 21/5/18) Thai exports hit 7-year high. Ministry of Commerce says April-18 exports grew 12.3% to $19bn, extending a winning […]
Read More →Same story week in week out but with an added bonus now of the hospital sector waking up post great 1Q18 #’s
Read More →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) […]
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