Market commentary on Thai stocks and the SET Index.
Five important project auctions in EEC within 8 months. These will use PPP fast-track under Art.44, said Kanit Sangsuphan, head of the Finance Ministry’s working group to enhance private investment. (Thai Rath, 6/3/17) Top private sector group predicts 3.5-4% GDP growth. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has kept its key […]
Read More →After a rip roaring start to the market, the market has been experiencing a pullback of sorts. Odd to see that the agri names are continuing their run, we thought that the story has already been priced in. No surprise in seeing automotives recovering (it was a dead sector since ’13). Healthcare continues to be […]
Read More →Earnings season is coming to an end and its been the usual hectic period. All in all I would say it’s been a relatively disappointing period albeit a lot of analysts are saying its due to the silent period that occurred post the event in October last year.
Read More →Eurogroup’s Dijsselbloem rules out Greek bailout deal by Feb. 20. Greece and its international lenders are not expected to reach agreement on the country’s bailout progress before a meeting of euro zone finance ministers on Feb 20, Eurogroup President Jeroen Dijsselbloem said on Tuesday. Talks between Athens, its European Union lenders and the International Monetary […]
Read More →A quick look through these numbers make me wonder why does consumer products specifically fashion trade at such a huge discount to the market? And despite all these fears regarding interest rates the REIT/property funds still are paying yields of 6%
Read More →Land tax tweaked to spur activity. The land and buildings tax to be levied on vacant land will increase by 0.5 percentage points every three years until it is capped at 5%, says Deputy Finance Minister Wisudhi Srisuphan . (Bangkok Post, 14/02/17) Ministry of Commerce expects Thai economy to grow 3-4% since higher oil prices […]
Read More →We are starting to see some weakness in certain sectors this year. basically the ones that have done very well in 2016 i.e. every commodity based company.
Read More →Thailand delays launch of $2.9-bln infrastructure fund to second quarter. Feb 8 Thailand plans to launch a 100-billion baht ($2.85 billion)infrastructure fund in May or June this year, the finance minister said on Wednesday, as the military government seeks to fund investment projects to boost a sluggish economy. Last month, a ministry official said the […]
Read More →I’ve noticed that the 10 year thai gov bonds are now yielding ~2.4%, just 12 months ago it was at ~1.6%. With the current divvy for the SET only at 3% will the yield chasers switch away from equities to go back to fixed income products? Interesting to note that healthcare hasn’t been performing well […]
Read More →Minister of Finance expected GDP growth of 4% due to mid-year budget of Bt190bn and better exports growth. (Thai Post, 30/1/17) BoT expects mortgage loan growth to slow down as a result of slowing demand and high household debt rather than banks’ tightening policy. (Bangkok Biz, 30/1/17) FPO raises growth forecast for GDP. The Fiscal […]
Read More →