Research on Thai Markets in general and the SET Index
There’s quite a bit to digest in this latest quarterly letter from GMO, I’ve put in some snippets below but there’s far more thoughts and analysis in the paper itself. The overwhelming driver of the spike in productivity in that decade was the extraordinary growth in production of IT equipment, which grew at 10% real […]
Read More →Exports see marginal rise in 2016. Thailand’s exports rose for a second straight month in December, enabling the performance in 2016 to eke out a marginal growth of 0.45% in 2016, ending three years of contraction. (Bangkok Post, 25/1/17) Big-ticket infrastructure projects get PPP go-ahead. Seven big-ticket infrastructure projects worth 712 billion baht under the […]
Read More →Mark Mobius @ Franklin Templeton is out with his 4Q review, and here’s his thoughts on Thailand and the link to the article for his thoughts on the rest of the Emerging Markets Thailand could see some weakness in economic activity due to the one-year period of mourning following the passing of its king in […]
Read More →When you see that every sector has been positive for the last 12 months, alarm bells may be ringing, or if you look at everything in context, over 2 years the market is up ~4%. Resources are still recovering (oil is still some 50% below its peak), telco’s have been dogs, banks haven’t done much. […]
Read More →Thailand Future Fund Thailand’s future fund is still ongoing developments have been slow in the past 12 months but the governmentĂ‚Â seems to be picking up steam as we have the potential IPO of the Thailand Future Fund coming in April ’17 What projects could it initially injected? Apparently the MoF is targeting to have 2 […]
Read More →U.S. retail sales boosted by auto demand; producer prices climb. U.S. retail sales rose in December amid strong demand for automobiles and furniture, providing further evidence that the economy ended the fourth quarter with momentum and is poised for stronger growth this year. The Commerce Department reported that retail sales increased 0.6 percent last month […]
Read More →And we’re back! Market’s had a decent start to the year, where it will go from here? As usual I can see both the bull and the bear story and I’ll write more later with my random thoughts over the weekend. In the meantime, agriculture names still continue to stay strong, sugar – well it’s […]
Read More →TFF: First batch heads for cabinet. The first batch of Thailand Future Fund (TFF) units, worth 40 billion baht, will go before the cabinet for approval this month, with the initial public offering of the government’s infrastructure fund expected to take place early next year. (Bangkok Post, Bangkok Biz, 6/12/16) Poor to get B19bn cash […]
Read More →And it looks like the 4Q rally has returned this year, just a few more weeks left. I doubt that the Italian referendum will have much of a effect on the Thai market, perhaps the currency may be affected (as has been the case for the past few weeks) but equities look a ok.
Read More →Byron Wien is out with his latest monthly paper and he dissects Trump’s policies and potential impacts on the market, here’s some snippets and a link to the rest of the article Three sectors that should benefit most are energy, health care and finance. We are likely to see more drilling activity on federal lands […]
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