Is the market beginning to price in the increase in interest rates? 10 yr thai gov yield has gone from 2 to 3% this year. Commodity price inflation across the board ruins my thesis of plc’s cutting costs and making greater margins than pre covid. But then we have to throw in the fact that traveling to the country is becoming easier, people are commenting that they are noticing more tourists in the key destination areas – but this is a far cry from what it was pre wuflu. For True;?DTAC there is finally some noise that there may be a delay/cancellation – hope this continues – will be another chance for a great trade.

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