It’s the same story, nothing new (rates up, asset prices down, but China is waking up – is it enough?) ….we’re now going to see the financials begin to report 1Q figures in the next few weeks, let’s see how much more bad debt was sold off, provisioned etc etc…and we have the election coming into full swing…I have a simple thesis…if Pheu Thai doesn’t win in a landslide and form the gov…Thailand will be just like Malaysia. TH lost a decade with these military folks, debt has piled up everywhere, it could just continue and voila forget about Thailand 5.0, might as well call it Malaysia 2.0 but with Thai spices.

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