Research on Thai Markets in general and the SET Index
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. […]
Read More →Songkran has come and gone and now we are back to watching the wonders of the equities market. The months of March – May are typically the busiest because we have full year earnings out and then 1Q #’s. It’s not too surprising to see that the agro/food sector has been weak this year given […]
Read More →Finance minister signed agreement to further ease border trades with ASEAN member. The 21st ASEAN Finance Ministers’ meeting in Philippines agrees to ease and facilitate crossborder trade. Thai finance minister signs the 2nd agreement with 6 other nations: Philippines, Brunei, Indonesia, Lao PDR, Singapore, and Vietnam. (PostToday, 11/04/17) Motor Show car sales drop 4.9% from […]
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