Exports see marginal rise in 2016. Thailand’s exports rose for a second straight month in December, enabling the performance in 2016 to eke out a marginal growth of 0.45% in 2016, ending three years of contraction. (Bangkok Post, 25/1/17) Big-ticket infrastructure projects get PPP go-ahead. Seven big-ticket infrastructure projects worth 712 billion baht under the […]

U.S. retail sales boosted by auto demand; producer prices climb. U.S. retail sales rose in December amid strong demand for automobiles and furniture, providing further evidence that the economy ended the fourth quarter with momentum and is poised for stronger growth this year. The Commerce Department reported that retail sales increased 0.6 percent last month […]

And we’re back! Market’s had a decent start to the year, where it will go from here? As usual I can see both the bull and the bear story and I’ll write more later with my random thoughts over the weekend. In the meantime, agriculture names still continue to stay strong, sugar – well it’s […]

And it looks like the 4Q rally has returned this year, just a few more weeks left. I doubt that the Italian referendum will have much of a effect on the Thai market, perhaps the currency may be affected (as has been the case for the past few weeks) but equities look a ok.

Somchai spins 5% growth view. Somchai Sujjapongse, the finance permanent secretary, said the government’s plan to issue 100 billion baht worth of government bonds to finance provincial development and stimulate the economy is expected to spur private investment worth 200-300 billion baht next year. Deputy Prime Minister Somkid Jatusripitak said on Wednesday that the government […]

Property tax delayed over bill dispute. The government has decided to postpone enforcement of the land and buildings tax law for one year after the Council of State expressed a different view on taxation of unused land. The delay until 2018 follows disagreements between the Finance Ministry and the government’s legal advisory body, said Finance […]

So earnings season is done, Trump is in. What’s left to spook or support the markets? We have the Fed coming up and European elections, potential rebalancing by the Funds in their holdings, but in reality I think the market will be relatively quiet until the end of year. Now currencies on the other hand […]

Government approved EEC projects. 48 EEC development projects with total value of Bt7bn were approved. (Siam Rath, 18/11/16) Bangkok – Huahin high speed train to be proposed to PPP within this year. The project is 211 km long with total value of Bt94.6bn. Recently, 193.5km Bangkok – Rayong route with total value of Bt152bn was […]

Gotta love bloomberg terminals, so just have a look at the month of December and you can understand why during the period from 2007-2012 every broker was banging on about a year end rally. What will 2016 hold for the market, will the high cash levels at local funds result in forced buying? Will the […]