Commentary on special events in Thailand and the SET Index.
Before a quick muse on 3Q21 #’s, let’s have a quick look at what I wrote for 2Q21…a quick recap: 2Q21 Just look at that YoY and even QoQ performance, not a surprise for the overall market. It’s the next 6-18 months that have me scratching my head for the overall market, certain sectors are […]
Read More →We distributed this datasheet a month ago to investors. The takeaways for Thailand are: Public companies are stronger than private ones Revenue does not need to return to pre-c19 levels to achieve the same margins Now the questions: How much better will margins be in the coming quarters/years as economies reopen? How much higher a […]
Read More →A good friend over the weekend spoke with me and said “Pon where the f are your rants, bring them back!” So here’s one I had filed since…July, again pardon the writing, this isn’t The Economist. The regionI’ve been thinking for the past decade when traveling throughout the region that I no longer see European […]
Read More →Quarterly Calls With quarterly announcements/calls etc etc effectively over there are 2 that I always enjoy reading/listening to. Universal Robina (Philippines) A decade ago I came across this massive Filipino consumer player, Universal Robina because I was curious who was behind my favourite snack brand as a kid in Singapore, Jack n Jill. Since then […]
Read More →Just look at that YoY and even QoQ performance, not a surprise for the overall market. It’s the next 6-18 months that have me scratching my head for the overall market, certain sectors are going to continue doing well/improve i.e. energy/commodities, transports, hotels, but we won’t see such as large a jump, actually allow me […]
Read More →Last week we were sitting in the office and thought aloud, how did this wonderful Thai Government come up with the idea to open the country on the 1st October? Note: I want to be able to fly openly throughout the world without quarantines (just like in the US and parts of Europe), so I […]
Read More →As I say with everyone, interpret as you see fit Data source: ourworldindata.org Date: 10 July 2021 (why? Because this is the latest data when # of tests is included)
Read More →On the 15th June 2021 it was reported that… The government has asked the central bank to review interest rates for credit cards and personal loans to try to tackle high household debt, the prime minister said on Tuesday… “If our people still have a lot of debt and at a young age, it will […]
Read More →You can go to ourworldindata.org which is run by the University of Oxford and does a great job of compiling global data from emissions, battery prices and covid’19 statistics (tests, cases, deaths, vaccine etc..) For Thailand the data is as follows: Left axis: # of tests (blue line) Right axis: # of cases (orange line) […]
Read More →*Effective 1 July SET announced SET50 and SET100 rebalance for 2H21: SET50: Ins : IRPC, KCE, STA, STGT. Outs: AWC, BAM, TOA, VGI. SET100: Ins: AAV, ICHI, NRF, PSL, PTL, SINGER, STGT, SYNEX, TKN. Outs: AWC, BPP, EPG, GFPT, MBK, TOA, TPIPP, TTW, WHAUP. sSET: 34 securities consisting of: Seven Utilities and Power pcl (7UP), […]
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