Research on Thai Markets in general and the SET Index
Well its about that time of year again, rather incredible that they still haven’t figured out how to stop this…where’s Article 44? However, some papers are saying this is a positive with the reservoirs likely to be refilled.. Source: Thaifloods
Read More →Bloomberg had a nice little piece on the recovery of Thailand and the market the other day, it states a lot of what we already know but still a decent summary nonetheless, here are some key points and the link to the rest of the article Private spending jumped by 3.8 percent in the June […]
Read More →Thai referendum: Military-written constitution approved — A clear majority of Thai referendum voters have backed a draft constitution written by an army-appointed committee. Unofficial tallies show that 61.45% voted in favour. The military threw out the old constitution when it took power in 2014, after months of political instability and sporadic violence. Supporters of the […]
Read More →And so we know what’s happened, the new constitution has passed, so a market rally is of course happening, pre the last 2 elections the market ran some +20%, so lets see how far this one will run.
Read More →Both the big boys came out with papers in the past week, JG gives a rather decent explanation on immigration, brexit and markets in general whilst Bill Gross does touch upon questions that have been on his mind. Snippets are below and a link to both papers. Oh and I haven’t forgotten that today is voting day […]
Read More →Call to reinstate power of FIDF on bailouts — The Fiscal Policy Office (FPO) will propose that Finance Minister Apisak Tantivorawong reinstate the power of the FIDF to bail out failing financial institutions in a bid to avert future financial meltdowns. (Bangkok Post, 1/8/16) Fitch predicts increase in Thai bad loans — Fitch Ratings expects […]
Read More →There’s only one thing on the market’s mind this week and that’s the coming weekend’s vote on the new constitution. So far we’ve seen that local institutions are the ones doing most of the selling.
Read More →5% GDP growth target set for 2017-21—The12th National Economic and Social Development Plan (2017-21) has set targets of 5% annual GDP growth and per capita income of US$8,200 (286,200 baht), up from $6,000 now. (Bangkok Post, 25/07/16) First-half loan loss provisions sufficient to handle rise in NPLs in second half, central bank says – LOAN-LOSS […]
Read More →The Thai Government has been rather busy with policies, reforms, projects etc etc just look at the list of things announced in the past 2-3 weeks First infrastructure investment, we have bidding terms for the southern double-track thats worth some THB 16.5 bn http://www.bangkokpost.com/news/general/1036445/bidding-terms-for-b16-5bn-southern-double-track-this-month, then the Eastern Economic Corridor which spans the three eastern provinces of Chon […]
Read More →Its always interesting to note who the participants are in the market. The advent of mutual funds, tax benefits and continually decreasing interest rates have led to local institutions becoming larger and larger holdings in equities versus pre 2010. It does appear that the prop desks aren’t doing that well (if they sell less than […]
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