Bonus – PM Proving he’s a salesman

So DELTA decided to magically dump shares to hit the free float requirements to remain part of the SET50..amusing. As for the rest of the market, wouldn’t be surprised to see capital flow into all the other large caps that were squeezed out due to DELTA’s inclusion in the SET50.

Extra 8 – Pure gov policies

A member of my team made a comment the other day that the Thai market appears to track the Chinese equity markets whereas the Vietnam market tracks the US equity markets. Depending upon your timeframe, if you do a quick correlation exercise, you’ll find it is rather accurate (again timeframe dependent). Now back to the […]

Bonus 2

The market stuck in a range, the bull story I’ve raged on about for a while 1. Commodities 2. New government policies, the bear story 1. Higher rates 2. A weak global demand situation Let’s see.

Watch for the dealflow coming out of this government, O&G, energy, tourism, digital, autos – voila done. The issue for Thailand is mainly going to be seen in the currency and that’s a function of rates more than anything else.