Fun thoughts: In USD terms, the SET is 0% for the year. Loving the moves in commodities – though it hasn’t completely translated to each commodity related company yet… Curious whether the move in the banking sector is the start of something. Gov bond yields are picking up, this can reflate bank earnings, throw in […]

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ADVANC to provide 5G network solution for Bosch’s factory in EEC, sees growth from IoT, remote production curling & monitoring, automated warehouse & logistic to improve productivity. Comment: I think we are underestimating the potential impact of 5G on businesses, it’s going to be far bigger than we may realise. AOT’s board omitted bonus payment […]

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ADVANC sees positive 3Q momentum from higher ARPU as deep discount package already expired since end of-May, higher market share on FBB supported by WFH demand. Comment: Still curious to see the 5G story play out. If anyone has a decent paper out there on 5G please send it across, specifically the beneficiaries. NPLs expect […]

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And now the bull and the bears will fight Bulls Its only 2 months lost earnings The recovery is underway globally with multiple economies beginning to open up Liquidity is flush in the system Massive fiscal spending to kick in by June Low interest rates Bears: Still “expensive” valuations The economic destruction will be felt […]

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Earnings season will start soon. Let’s see how the market holds up. OPEC+ got together and agreed to a cut…which when you dig into the #’s isn’t enough to offset the huge drop in demand (a -9.7mn drop is nothing, in order for demand/supply to balance out it should’ve been a -20mn to -30 mn […]

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Notable Transactions Edit: Message from a friend states that the WHA transactions were due to inheritance Buy(s) THB 6.8 bn WHA – Boom! She’s taken a YUGE stake SUPER – He keeps buyinggg Sell(s) THB 3.3 bn WHA – Eh? So she had a sell in order to buy? This is odd..

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New Year price slash for B10, E20 : Energy Ministry wants to get motorists in the habit of fueling with biodiesel . The Energy Ministry plans to cut retail prices for biodiesel B10 and gasohol E20 by another one baht per litre during the New Year period to reduce fuel costs for Thais during the […]

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Notable Transactions Buy(s) 95 mn EIC – Looks like a reverse IPO is in play BDMS – I really do hope that the government does something about the over charging done by groups such as BDMS, but the President still thinks they’re worth more Sell(s) 232 mn PACE – It’s been quite the fall from […]

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My thoughts with the low interest rate environment today include; What is the hurdle rate now? I.e. if debt gives you 1%, and equities are considered 2x riskier, is a 2% return going to be the norm for equities? Apparently 1/3 of the global debt is now yielding negative rates. So what happens when companies […]

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