Market Update 12/02
Thailand only has to drop another -60% and then it’ll be trading at the same valuation as Hong Kong – that’s how bad that bear market is…perhaps this is the best bull argument for Thailand. this country isn’t as $hit as HK and Chyna.
![](https://i0.wp.com/www.thaicapitalist.com/wp-content/uploads/2024/02/00sum-1.png?resize=722%2C784&ssl=1)
![](https://i0.wp.com/www.thaicapitalist.com/wp-content/uploads/2024/02/01charts-1.png?resize=750%2C1441&ssl=1)