And so the bank earnings came out with a general disappointing trend across the board. The next 3 weeks will be fun as every other company will be releasing their 2Q #’s by mid August. Is there anything else interesting? The THB has continued its recent strengthening trend and finally the electronic manufacturing names are […]

Bt15bn to be injected into communities. THE National Village Fund plans to inject Bt15billion into the grassroots economy next month in a bid to shore up consumption in rural areas amid declining prices for farm products and rising household debt. (The Nation, 18/7/2017 FTI: Car exports to disappoint for 2nd year. Vehicle exports are likely […]

ITD, CK, STEC, UNIQ, TRC and PLE sent documents for Hua-Hin and Prachuab dual-track projects worth Bt7.3bn. The e-auction will be held on 27 July 2017. (Khao Sod, 7/7/2017) Progress on Thai high-speed trains today. Rayong high-speed lines to connect Don Mueang, Suvarnabhumi, and Utapao airports worth Bt200bn. The auction will be held on November […]

What’s interesting? The insurance sector continues its struggles over the past few years, Agri is getting weaker, automotives are still on a decent run. Anything new this week? Financials with TISCO leading earnings announcement.

MPC lifts economic growth, export outlook. The Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast slightly to 3.5% from 3.4% earlier predicted after revising up export growth to 5%, but kept the policy rate unchanged at 1.5%. (Bangkok Post, 6/7/2017) Improved exports, budget disbursement to spur growth. Krisda Chinavicharana, […]

This are NOT exciting times for Thailand. Media & publishing has been doing quite well mainly because RS has made a strong move, why? Not because of digital ad rates but instead due to their shifting into cosmetic and beverages.

These are quiet quiet times in the market. The only exciting thing this week is brokers talking about quarter end “window-dressing”

Thai economy not going to grow rapidly. ASEAN +3 Macroeconomic Research Office (AMRO) said the Thai economy is not going to grow rapidly since private investment has not recovered. Household debt and SME NPLs continue to rise, pressuring GDP growth down. (Thai Post, 13/6/17) Package to promote SEZ to be proposed to cabinet on June […]

And the zig zagness of the market continues, I normally like this period between mid May and mid August because its 3 month’s of zero corporate earnings and it’s a good time to recheck holdings and to see if new ideas are worth adding into a portfolio.