Sector Update 20/04 – 23/04

Japan dropping 7% in a day, a so-so 1Q13 earnings season, the first 3 months of the year had a baht that was too strong for most exporters and a market that had risen 17% YTD, can’t say we are too surprised. We normally expect for the market to drop for a period of 3-4 days before looking to re-enter. This week we have the MPC meeting on the 29th May, I don’t expect any rate cuts.

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01set       02mai

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