So DELTA gets put on the cash balance list and voila and what has held the market up for the past year has wobbled. Amusing….well there’s still a stock split coming and a rather useless SET Management in place that allowed DELTA to join the SET50 and artificially inflate the index…or conspiracy hat on, this […]

It’s the same story, nothing new (rates up, asset prices down, but China is waking up – is it enough?) ….we’re now going to see the financials begin to report 1Q figures in the next few weeks, let’s see how much more bad debt was sold off, provisioned etc etc…and we have the election coming […]

Thai financials have been smacked even though they aren’t linked to what’s going in Europe and the US, though when people ask me what I think is the weakest bank, I point to SCB, they have the largest exposure to hotels and mortgages of all the banks on their books, and their customers can’t pay […]

Ouch, so a few banks are going, the Swiss are down to 1 chocolate financier, and the only name keeping the SET high is DELTA, strip it out and it’s below 1,500. So the question is when can we start nibbling again? Don’t know, let’s watch and see….It also looks like the election date is […]

Ouch ouch ouch, nothing good happening in the market unless its tourism related…or DELTA…market is -4% for the year in thb, close to -7% in usd terms. So, when pre-election rally news? Brokers started it a month ago before being hit by the sell off in global markets… FY 22 earnings were, AWFUL, for the […]