Thailand’s earnings growth still the best in ASEAN

Vincent Fernando over @ Religare just put out this paper and I’ll do my best to summarise his key points which are as follows:

  1. ASEAN growth this is expected to be 1.2% this year 
  2. Next year’s earnings imply a rebound to high-growth which seem over-optimistic

asean

Now for Thailand:

  1. Aggregate earnings have been cut 1.3% over the last month
  2. Worst revisions came from Coal and Consumer Staples
  3. Thai earnings are expected to grow a healthy 13.8% in THB terms next year

thailandAll interesting stuff indeed and with more people likely looking forward to next year now, it’s worth looking at things from a broader picture just to get a sense for how the market may shake out.

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