Sector Update 14/10 – 18/10

The Thai Market had a good bounce last week with the US govt shutdown finally over. 3Q13 numbers will be what most people are focusing on for the next 4 weeks and with banks mostly showing continued growth, the smaller financials (i.e. tisco and kkp) are disappointing. Also with prop traders having done most of the buying for the past 1.5 weeks we are worried about a temp frothy feeling in the market, we think real buyers haven’t come yet. 00sum

 

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