Research on Thai Markets in general and the SET Index
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIP) concerns on baht deprecation will affect competitiveness of Thai businesses. It says Thai Baht has appreciated by 4% in January and it forecasts the baht at 32 per US dollar on average for 2018. It also says BOT should be stringent on currency speculation and […]
Read More →As requested. Here’s the USDTHB vs the 10 year thai gov bond yield over the past 7-8 years. A quick regression showed: High correlation between 2011-3Q14, 2H16 – now. What reason(s) could there be for 3Q14-3Q15 breaking the trend? US Fed rate hike cycle beginning – granted in 2013 they begun talking about it leading […]
Read More →As of writing, things are looking red throughout the region for equities. So to everyone that has said “I’ll buy the dip!” Are you going to?
Read More →The yields have been on my mind for the past few months and it’s been rather confusing. The 10 yr Thai gov is @ 2.5% vs the US 10 yr gov bond @ 2.8% The yield on the SET is now at 2.59% So: Is the Thai market safer? Less risky? More attractive for capital […]
Read More →FPO raises GDP growth projection. The Fiscal Policy Office (FPO) upgraded its economic growth forecast for this year to 4.2% from 3.8% and raised its estimate for exports. (Bangkok Post, 30/1/18) Cabinet affirms wage hike, relief measures. The cabinet yesterday endorsed the daily minimum wage hike nationwide from April 1, an increase of 5-22 baht […]
Read More →And it continues, up4.3% already for the year, the news about a delay in the elections hasn’t hurt this uptrend at all. What’s driving the market? Easy petrochems + oil
Read More →Howard Mark’s latest memo is as usual, a must read. This time around he does more than the past in terms of outlook by explaining both his positive and negative viewpoints on the markets. There’s an interesting discussion that he has on the impact of the new Tax laws in the US and how it […]
Read More →BOT admits inflation in 2018 might be higher than it expects as crude oil price is rising continuously. Analysts point out crude oil price has risen by 10% which will lead inflation to rise and central banks may raise interest rate to cope up with inflation. ( Krungthep Turakit , 22/1/18) Ministry of Finance says […]
Read More →Want to know which sectors have been driving the market in the past 12 months? Have a look at the charts of the Industrials and Resources sectors, closely followed by the services sector.
Read More →Somkid targets 2018 BOI filings worth Bt720bn, supported by infrastructure investment. He plans to invite foreign investors to invest at the seminar on March 19. BOI also said that 2017 BOI filings were higher than the target of Bt641bn. (Thai Post, 13/1/18) EEC spending forecast to reach B600bn. The government expects investment in the Eastern […]
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