Market Update 31/08
And so it’s the quiet time and no one knows what to buy any more. The liquidity wall from TTB, ADVANC, THAI and TRUE have the locals dumping their winners.
Now El Nino is (finally) in the news…commodities yum yum. Iran isn’t finished…neither is Ukraine, (un)amusing times.
peter satrapa-binder
el nino: not good for commodities like rubber, etc. loks like drought until into 2027.
iran not finished: methinks that this matter won’t be finished for some time yet. the same as the 3-days ‘special military operation of russia in ukraine. double down on energy stocks (except hydropower because of el nino)?
otherwise: technology stocks?
Pon
Its good for the price – not the companies involve unless inventory is high…
Palm Oil continues to run, a lot of soft commodities are beginning to move on this .
I do have a soft space for space stocks…
peter satrapa-binder
sure, it will drive prices up – but production most probably down.
regarding space stocks: i did not mean those. i rather meant those for systems integration, smart environments, ICT business, etc.
Pon
Yes – that’s why I said not the companies involved.
SI’s ICT’s all doing very well. Depending upon the region – the majority of the capex is government led.