Market commentary on Thai stocks and the SET Index.
B99bn allotted for transport in 2017. The government is set to spend 98.8 billion baht next year to develop logistics networks, including three motorways and 10 electric train projects. (Bangkok Post, 7/11/16) CPI tweak for Internet, phone fees — THE COMMERCE Ministry will adjust its inflation calculation system by increasing the weightage for Wi-Fi and […]
Read More →So we are in the last two months of the year. Every year for the longest time I always remember brokers calling for the year end rally with LTF & RMF buying as a major source of funds coming into the market but if you look at the 4Q performance of 2013, 2014, and 2015, […]
Read More →Cabinet approves budget worth Bt17.5bn for Village Funds. The cabinet yesterday approved a 17.5-billion-baht budget for 74,655 Village Funds across the country at 250,000 baht each for local development. The move is a fresh bid to boost the rural economy, prevent people from borrowing from loan sharks and maintain the country’s economic momentum in the […]
Read More →Fed’s Yellen sees benefits in letting inflation exceed central bank’s 2% target. It may be wise to run a “high pressure” economy with a tight labor market to reverse some of the negative effects of the Great Recession, Fed Chairwoman Janet Yellen said Friday. (Marketwatch, 15/10/16) Consumer Sentiment in U.S. Unexpectedly Drops as Outlook Sours. […]
Read More →Well that was one volatile week. Like a lot of others, I was properly surprised by the sudden local institution buying on Thursday and definitely had expected for the market to go to 1,200 if not lower. Does this mean that the volatility is over? Nope far from it, but from where I’m sitting I […]
Read More →China places first order for Thai rice under last Dec’s G2G deal. CHINA has agreed to place the first purchase order for 100,000 tonnes of Thai rice under a government-to-government (G2G) contract for a total of one million tonnes, which was signed last December. (The Nation, 12/10/16) All satellite assets to move to infra fund. […]
Read More →There has been a sudden drop in the average daily value (-50%) traded in the past week which has quite a few of us flummoxed….apparently it has something to do with the latest announcement from the SEC regarding brokers ability to report on company news and viewpoints.
Read More →Thai 2016 GDP Growth Still Seen at 3.3 Percent: Finance Ministry. Thailand’s economy is still expected to grow 3.3 percent this year, with July-September’s annual pace seen at 3.5 percent thanks to government spending, a senior finance ministry official said on Thursday (29/09). Despite the drag from falling exports, growth will be supported by high […]
Read More →Thailand Future Fund to be IPO-filed this year end. The financial advisors are selecting projects to be included in the funds. The 3 possible projects are Motorway #7, Motorway #9 and Rama III-Dao Kanong-Bangkok outer ring road. (Bangkok Biz, 16/9/16) Fresh stimulus on the way. The government is poised to launch a fresh round of […]
Read More →Well its mid-way through my favourite month of the year and the SET is down some -4.5%, why? Well we know why but can’t type it in public, though from what I’ve been told everything has been pre-arranged internally. You take from that what you will. The Fed is supposedly meeting soon and that should […]
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