Research on Thai Markets in general and the SET Index
Govt bans rallies ahead of kingdom’s reopening: The government has issued a fresh order banning rallies and activities deemed at risk of spreading Covid-19 across the country ahead of the kingdom’s upcoming reopening to international travellers. Bangkok Post Suvarnabhumi to welcome 30K passengers on Monday: The Airports of Thailand (AoT) says its six international airports […]
Read More →“And Thailand has re-opened! To 60+ countries! Wait where are the tourists, why aren’t they here yet? Ok sell all tourism plays. And let’s go for a drink” That’s the conversation that the market is having. We’re in the midst of earnings season…no surprises yet. There was a pop during the week for the property […]
Read More →China, India to be invited to join development efforts: Thailand, Indonesia and Malaysia will deepen economic and logistic cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with a plan to invite China and India into the partnership. Bangkok Post BoT eases mortgage LTV ratio: Move aims to boost property sector. The Bank of Thailand (BoT) has […]
Read More →Banks banks banks – hey the #s were amazing – no surprise – BOT policies allowed for them to hide NPLs and kick the can down the road for the next 5-10 years. Watch them slowly provision all their issues every q and how magical the figures will be. Now throw in the higher interest […]
Read More →Bangkok’s long road to recovery: The city’s reopening presents a new governor with major opportunities and long-standing challenges. Before the pandemic, Bangkok was undoubtedly a top global tourist destination, with an inexpensive cost of living and plenty of accommodation on offer. The capital welcomed 66.9 million visitors in 2019, including 24.8 million foreigners, drawing in […]
Read More →It’s earnings season, financials will be the first ones out of the gates. Market may be positively surprised…I’m looking fwd to reading KKP’s quarterly MD&A as it’s normally the most insightful.
Read More →Domestically there isn’t enough interesting news to hit 10… Thailand’s National Regulatory Authority (NRA) for vaccines reached Maturity Level 3 – the second-highest level in the WHO regulatory systems classification system – on Aug 27, according to info published on its website. BoI incentives push for ‘Industry 4.0’: The Board of Investment (BoI) approved incentives […]
Read More →Govt caps diesel at B30/litre: The Energy Policy Administration Committee (Epac) has approved a cap on diesel prices of 30 baht per litre starting from next Monday until the end of the month to help reduce living costs for consumers, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said yesterday. Bangkok Post PM outlines vision […]
Read More →Commodities. It isn’t stopped. Brent oil north of 80, coal skyrocketing, nat gas skyrocketing etc etc… China just said told its government officials “GET ALL THE COMMODITIES YOU CAN”…I thought that this is was a group that was supposedly clever and long term in their strategic thinking… Whilst we’re grinning from ear to ear in […]
Read More →Aren’t markets friggin’ fantastic? Last week I laid out these thoughts: “Our playbook for the next few weeks are along these lines….US markets will be smacked for the next 1-2 weeks, USD strengthens due to the hawkish rhetoric regarding tapering, commodities pull back and the USD 3 trn stimulus bill in the US doesn’t pass. […]
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