The energy sector will be under some pressure as oil prices have declined (Brent is down from 42 to 37).
I still think that the bank rally was a dead cat bounce, there’s nothing positive going on there.
Hotels are being filled up with local tourists, especially those within 200 km from Bangkok, so Ayudhya, Khao yai, Pattaya and Hua Hin are seeing heavy traffic on the weekends.
Although no one is really commenting on the US Federal Reserve scaling back asset purchases this month. This does create a negative headwind on asset classes.