Commentary on special events in Thailand and the SET Index.
For SET50 – Market capitalisation is Bt10 trillion or 65% of the SET’s total market cap as at end-May 2017 Additions: BJC, BPP, EA, MTLS, RATCH, SCCC, TISCO Deletions: BA, BCP, CENTEL, CK, PTG, THAI, WHA Reserve list: BCP, CENTEL, CK, SAWAD, WHA For SET100 – Market capitalisation is Bt12 trillion or 75% of the […]
Read More →FTSE rebalancing: rebalancing will happen during the close of today. These are the changes… FTSE Large-Cap = No changes. FTSE Mid-Cap = Add: EA, BPP, TPIPP, KSL, VNT, WHAUP // No deletions FTSE Small-Cap = Add: ORI, CMR, SQ, LANNA, TNR, FN, GLANDRT, UTP, MACO, CTW, TKS // Delete: VNT (move to mid-cap), CRANE (move […]
Read More →Boom. Importers rejoice, exporters are getting nervous. I’m no specialist when it comes to currencies but I’ve always thought that the countries affected by the ’97 crisis would eventually see their currencies return to those previous levels, plus with the previous arguments regarding the nature of the monarchy and the what if question gone, what […]
Read More →I do like checking this every once in a while for a few reasons To see how investor appetites are throughout the region To put things into perspective whenever reading headlines from Bloomberg that xyz market is booming or crashing How certain markets could still have a long way to go i.e. India is only […]
Read More →4 Questions There has been a lot of noise regarding the PM’s four questions last week post the bombing at the Phramongkutklao hospital where the military typically visits. The first question asked whether people think the next elected government will ensure good governance. The second question asked what should be done if there is no […]
Read More →Portfolio construction – Weighting I think valuation is one of the easiest parts in finance but just like everything else there is no real answer as to what a company is worth because it is a market and there are multiple types of buyers/sellers, you have cashflows, but then one can layer on brand value, […]
Read More →So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an […]
Read More →Byron Wien – Latest Commentary – The bond market message You don’t have to agree with someone to enjoy their writing and thought process and this has always been the case for me with Bryon Wein, here’s a snippet and a link to the full commentary Why have interest rates declined when debt has increased […]
Read More →SEAFCO PCL (SET:SEAFCO): Providing the Foundation for Thailand in a Sustainable Manner TET: Please explain SEAFCO’s history and its business today. South East Asia Foundation Company (SEAFCO) started 42 years ago with a team of five people. During this time we expanded with partnerships and independently to become one of the largest bored piling companies […]
Read More →Its rare that the BOT chief will be interviewed on Bloomberg there are one or two decent responses from K. Veerathai regarding the economy and the currency, so enjoy part of the transcript and a link to the rest of the article/video. Question: How concerned are you about a possible protectionist backlash? Answer: In […]
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