If you look at earnings season….I dare say it, it’s surprised a lot of people with far better than expected figures for most industries…remember…market share to the big boys (all listed cos). So what’s the fwd PE of a market where earnings are “growing” at an annualised rate of 20-30%?

Ministry ups headline inflation forecast: The continuing rise in energy prices which have raised production costs for manufacturers and the prices of goods has prompted the Commerce Ministry to upgrade the forecast for headline inflation in 2022 to a range of 5.5-6.5% (averaging 6%) from the 4-5% range (averaging 4.5%) projected in March. Bangkok Post […]

It’s going to a funny week, we have: The last week of earnings season A shortened week due to ANOTHER friggin’ public holiday in Thailand The Bank of Thailand meets and I hope raises rates (I want to see a +200 bps, though I’m expected 50-70bps) Then the US Fed meets to wiggle their figures […]

What’s driving the market? Funnymentals of course, DELTA knocked it out of the park with their earnings and this name is back to being the main reason for the market racing back up. As for the rest of the names, banks have surprised analysts (they seem to be surprised often) with better than expected figures, […]

Throw in the nearly -10% decline in the THB this year and the SET is down -16%. All the short term traders/investors are waiting for Wednesday night’s Fed speech – no idea why, rates are going up…and Thailand has ANOTHER 2 public holidays on thurs/fri. So it’s going to be a quiet week.

Minnows to aid PPRP at poll: Small parties can help it bag list seats and counteract unfriendly seat calculation method. All eyes are on two small parties which are expected to help the ruling Palang Pracharath Party (PPRP) secure party-list seats and counteract a new method of calculating the seats seen to favour small parties […]

At these levels one could argue the SET looks appealing, trading at near BV – yes yes I know I know, the new economy doesn’t need assets in order to do business, but at the end of the market it is a market metric that (I believe) holds in this part of the world – […]

And my fear for my commodity names ended up being correct, and I think great buying ops. Despite all this rhetoric about the end of the world and demand destruction, I just don’t see it being the case (for now – still a low a probability event) The SET and most of the region (excl […]