Market Update 22/04
As of writing the Thai Baht just went past USDTHB 37…
Well – a decade of military idiots running the country followed by the US jacking up rates = this magical scenario facing Thailand. Friends are now starting to whisper USDTHB 40…let’s see…anyways this means that in USD terms the SET is -13% for the year. I’m so proud of this country. Could it be 2 years in a row where the SET is the worst performing market in the world? It would be quite the achievement if they can make it happen.
Banks – earnings are out – topline is meh, but bottom line wowzaa! Great figures.
![](https://i0.wp.com/www.thaicapitalist.com/wp-content/uploads/2024/04/00sum-3.png?resize=722%2C784&ssl=1)
![](https://i0.wp.com/www.thaicapitalist.com/wp-content/uploads/2024/04/01charts-3.png?resize=750%2C1471&ssl=1)