Research on Thai Markets in general and the SET Index
Thai July exports up 10.5 pct y/y, below forecast. Thailand’s customs-cleared annual exports rose for a fifth straight month in July, but fell short of expectations, as demand from major markets increased. Exports, a key driver of Thailand’s growth, rose 10.5 percent in July from a year earlier after June’s 11.7 percent rise, commerce ministry […]
Read More →So I’ve gone through as many listed company results as possible over the past few weeks and not just Thailand but most of ASEAN, given that I do only comment on Thai related companies here, comments will remain Thai specific. Without a doubt Thailand had the worst performance amongst all the countries in the region […]
Read More →The numbers just say it, performance has been rubbish and deservedly so.
Read More →VAT rate kept at time-honoured 7% to help recovery. The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. (Bangkok Post, 15/8/2017) Thai–Chinese railways could be signed soon. The Ministry of Transport is going to propose the construction structure of the […]
Read More →This market has nothing exciting happening at the moment, finco’s #’s are out for 2Q already and we still have another week to go for the rest of the listed companies to release their financials.
Read More →Don’t know what to do today? Stop everything and just read this latest memo from Howard Marks The basic proposition is simple: Investors make the most and the safest money when they do things other people don’t want to do. But when investors are unworried and glad to make risky investments (or worried but investing […]
Read More →Revenue Department will propose sugar tax regulation to cabinet in August, to take effect on September 16. Producers will be given a two-year grace period. (Khao Hoon, 31/7/17) Credit Card business association says three-lender system very damaging. The Credit Card Business Association said that the BoT’s policies to curb credit cards and personal loans will […]
Read More →A potential sudden increase in bond yields have been on my mind for a long time, and if you’ve been reading Bill Gross’s monthly commentary’s for the past few years it’s been the only topic on his mind as well. I can quite easily picture a scenario where yields in the US go up higher […]
Read More →His August 2017 Commentary focuses on two key issues, productivity and liquidity. I’ve always thought that following capital flow is just as important if not more so than good old fashion company analysis because the majority of one’s returns are determined by the asset class/market/sector etc that one’s investment holding is in. Here’s my favourite […]
Read More →If you want a good summary highlighting every issue that Thailand is facing at the moment then you could do far worse than this one, here’s a snippet and a link to the rest of the article. Raising Thailand’s global skills game is not easy when you are on your 20th education minister in 17 […]
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