Market commentary on Thai stocks and the SET Index.
Ouch ouch and ouch, 1/2 the sectors are deep in the red, and yet the market still continues to maintain these valuations despite earnings, have to love the market’s anticipation of a recovery in earnings for 2H17 and onwards…
Read More →Thai July exports up 10.5 pct y/y, below forecast. Thailand’s customs-cleared annual exports rose for a fifth straight month in July, but fell short of expectations, as demand from major markets increased. Exports, a key driver of Thailand’s growth, rose 10.5 percent in July from a year earlier after June’s 11.7 percent rise, commerce ministry […]
Read More →The numbers just say it, performance has been rubbish and deservedly so.
Read More →VAT rate kept at time-honoured 7% to help recovery. The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. (Bangkok Post, 15/8/2017) Thai–Chinese railways could be signed soon. The Ministry of Transport is going to propose the construction structure of the […]
Read More →This market has nothing exciting happening at the moment, finco’s #’s are out for 2Q already and we still have another week to go for the rest of the listed companies to release their financials.
Read More →Don’t know what to do today? Stop everything and just read this latest memo from Howard Marks The basic proposition is simple: Investors make the most and the safest money when they do things other people don’t want to do. But when investors are unworried and glad to make risky investments (or worried but investing […]
Read More →Revenue Department will propose sugar tax regulation to cabinet in August, to take effect on September 16. Producers will be given a two-year grace period. (Khao Hoon, 31/7/17) Credit Card business association says three-lender system very damaging. The Credit Card Business Association said that the BoT’s policies to curb credit cards and personal loans will […]
Read More →A potential sudden increase in bond yields have been on my mind for a long time, and if you’ve been reading Bill Gross’s monthly commentary’s for the past few years it’s been the only topic on his mind as well. I can quite easily picture a scenario where yields in the US go up higher […]
Read More →There’s a lot of sectors in the red…and unless the government pulls a magical rabbit out of the hat, I have my doubts that the market will remain positive by year end. Consumer spending may still be weak, infrastructure spending isn’t exactly setting things alight and won’t really impact the economy until 2019 at the […]
Read More →Minister of Transportation to propose Purple Line to cabinet this week. The contract for the Thai-Chinese railways will not be finished this month. (Thai Post, 24/7/17) Finance seeks cabinet nod for B40bn in handouts. The Finance Ministry will seek cabinet approval in the next week or two for a 40-billion-baht budget to assist people who […]
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