It’s shopping time, 7/7! How appropriate given that the market is now 20% for the year, the PE seems to have magically disappeared from my bberg but whatever. The yield is now at 4.4%, the index is almost down below 1x PBV – which typically means, it’s shopping season.

But we are blessed in Thailand to have such a wonderful government. I have come to the thinking that culture is downstream of politics and that the people are their governments (even though ones circle may say no its not true). Sorry it is and this is well represented within the stock market today. Perhaps when pigs fly Thailand will return to having a half decent government that will allow for people to grow, companies to do well and compete on a regional and international basis, but until then the game is figuring out which company is going to benefit sucking from the teet of the Thai Government budget. Happy hunting.