Research on Thai Markets in general and the SET Index
Few people have come to pick up their welfare cards. According to Comptroller General’s Department, 11.67mn have the right for the welfare cards but to date few have come to pick them up. The cards can be used from October 1. (Thai Rath, 26/9/17) Thai-Chinese rail contract officially signed. Contract 2.1 of the Thai-Chinese rail […]
Read More →And the market keeps on rocking!
Read More →Ministry of Finance orders two Special Financial Institutions to issue loans to lowincome people. The ministry has told GSB and BAAC to issue loans for low income Thais as the BoT’s new restrictions on personal and credit card loans may force them to go to loan sharks. (Khao Sod, 18/9/17) Cabinet approves B87bn to help […]
Read More →So, who wants to bet against the market breaking through it tomorrow? Edit: All time high was ~1,753 on the 4th jan ’94
Read More →And the foreign buying into Thai equities continues. We have been thinking that the sudden rush of buying a few weeks ago would awaken the appetites of both local institutions and retail investors. It looks to be the case given the market volumes seen.
Read More →11.4mn people qualify for government welfare. They can get the welfare card from September 21 onwards. The policy will be effective on 1 October. (Thai Rath, 14/9/17) Fitch cagey on sovereign. Thailand’s subpar economic growth is the main obstacle to the country’s sovereign rating improving, says Fitch Ratings. It is quite difficult for Thailand’s longterm […]
Read More →That sudden rush of foreign buying seems to have woken up the animal spirits in Thailand with the market posting some strong numbers in the past 2 weeks. Will the fact that earnings have been weak and will likely continue to be weak for most sectors bring the market back down to earth?
Read More →SRT finished auctions of dual-track railway, consisting of five lines and nine contracts. It will send the winning bids to the board and expects contracts to be signed within September. UNIQ got two contracts worth Bt18.7bn. ITD got three contracts worth Bt22.7bn. STEC got two contracts worth Bt13.5bn. (Khao Hoon, 8/9/17) ILINK and ITD to […]
Read More →Ministry of Transportation to sign contracts for dual-track projects. Contracts for the Nakornpathom – Huahin and Huahin – Prachuab dual-track projects together worth Bt23.3bn will be signed in September or October. (IQ Biz. 28/8/17) MALEE and TIPCO will be exempted from sugar tax since their products are based on fruit and are seen as healthy […]
Read More →Ouch ouch and ouch, 1/2 the sectors are deep in the red, and yet the market still continues to maintain these valuations despite earnings, have to love the market’s anticipation of a recovery in earnings for 2H17 and onwards…
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