Research on Thai Markets in general and the SET Index
Fed’s Kaplan backs view for two more rate hikes this year. Robert Kaplan, the president of the Dallas Fed, said he wasn’t worried about the strength of the economy or the outlook for inflation and said he expected the U.S. central bank to raise short-term interest rates twice more this year. With growth registering only […]
Read More →Returning from my overseas trip I see that everything has gone read this year and that makes me happy. So the story hasn’t changed, its been the same for the past few years, valuations are fairish, the government is still trying to figure out how to run an economy, and tourism is rocking n rolling.
Read More →Fed should start trimming balance sheet in second half: Bullard. The Federal Reserve has interest rates right where they should be, but should start trimming its massive balance sheet in the second half of the year, St. Louis Federal Reserve Bank President James Bullard said on Friday. “We’ve delayed a little bit too long in […]
Read More →Portfolio construction – Weighting I think valuation is one of the easiest parts in finance but just like everything else there is no real answer as to what a company is worth because it is a market and there are multiple types of buyers/sellers, you have cashflows, but then one can layer on brand value, […]
Read More →Ministry of Transportation to propose a Bt340bn increase in 2018 budget to the cabinet next week in order to fund megaprojects, i.e. two motorways and four airport improvement projects which include the development of 28 provincial airports. (Matichon, 2/5/17) Consumer prices up for 13th month. Consumer prices, which gauge the country’s inflation rate, rose for […]
Read More →So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an […]
Read More →Byron Wien – Latest Commentary – The bond market message You don’t have to agree with someone to enjoy their writing and thought process and this has always been the case for me with Bryon Wein, here’s a snippet and a link to the full commentary Why have interest rates declined when debt has increased […]
Read More →Thai banks’ NPLs increased to Bt400bn in 1Q17, up 5%YoY, led by the big banks; KTB, BBL, and SCB. This is due to the slow economic growth that affects debt payment ability of SMEs. (Bangkok Biz, 21/4/17) MRTA’s boards to cut Orange-line mass transit budget in Cultural Center and Talingchan stations by Bt1.8bn. (Thai Post, […]
Read More →Let’s see how the week starts with the Frenchies kicking out the establishment over the weekend.
Read More →The Treasury Department increased the rental rates on commercial activities on state land to 3-5% of return on assets per year. Previously, it had no clear guidelines. It believed this policy will make renting more efficient. (IQ Biz, 14/4/17) NBTC says it will hold new 4G auction for 1800 and 850 MHZ early in 2018. […]
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