We’re still in the midst of earnings season and guess what…several companies are reporting better than what most have expected….people still forget that TH only opened up in May/June this year… B-b-b-but russian/ukraine, inflation, recession. Wasn’t 2020-2021 already economically awful for this part of the world? I don’t care much about a “US Recession” it […]

I’m finally happy with PTTEP. It’s been 2 years and now it’s finally being recognised…took the market long enough…banks #s are out, and surprise surprise, growth!!!!!!!!!! (in their profits), this trend is continuing…tourism? Have you seen the latest stats, already at 1.3 mn for the month of September. Run rate is already back to where […]

Bitter pill for True, DTAC: NBTC imposes harsh conditions on telecom merger, with lower margins likely. Despite providing tacit approval for the merger of True Corporation and Total Access Communication (DTAC), the National Broadcasting and Telecommunications Commission (NBTC) has prescribed harsh remedial measures that could mean lower margins for the new firm, according to people […]

It’s earnings seasonnnnnnnnnnnnn, and look, the banks are doing great – it’s wonderful to watch them do the provision/NPL game. Now inflation….if the plc’s are able to increase revenues at the actual inflation rate whereas their labour costs are increasing at “official inflation rates” how much of an increase in margins are we going to […]

Bhumjaithai aims high: Party targets 120 seats, backed by cash and solid candidate line-up. With plenty of resources and a vast supply of election candidates at its disposal, Bhumjaithai is widely speculated to outdo the ruling Palang Pracharath Party (PPRP) at the next general election. Bangkok Post IMF projects Thai growth of 2.8%: Agency calls […]

So during the shortened week the Thai market did finally wobble down, but more important is that the THB just weakened past 38. Ouch. And given that this incompetent government of the past 8 years has done nothing other than weaken the balance sheet and earnings of Thailand, there’s not much that the BoT can […]

Tourism authority mulls pushing fresh domestic travel stimulus campaign to help local operators after current package end October 31, to mitigate risk from global fx volatility. Airlines eager to reopen Japan routes: Local airlines are banking on borders reopening in Asian countries, but are cautiously planning their routes as a weak currency and high fuel […]

And so it happened, the market wobbled a bit and declined last week…this week? Probably more of the same, but I’ll continue to say this, oil.