Export growth provides ray of light: Expansion reaches 11-year high as outbound shipments in June surge almost 44%. Despite the country facing its worst outbreak of Covid-19, exports are continuing to maintain growth momentum, surging by 43.8% year-on-year in June, representing the highest uptick in 11 years. Bangkok Post Prayut orders stimulus rejig: Prime Minister […]

It’s a short week for the Thai market, 2 public holidays, and the case #’s continue hitting new highs. Market participants have been telling me that no one would be surprised if the daily case figures hit 20k, therefore I interpret this that there is no shock factor left, and with a special someone’s birthday […]

Strict rules bar hotels from asset warehousing scheme: More Thai hotels may opt to sell their properties if the stringent measures set for financial aid schemes, such as asset warehousing, prevent them from accessing soft loans. Bangkok Post Arkhom: Debt freeze could lengthen: Financial institutions should consider if the Bank of Thailand’s move to suspend […]

IEAT planning new park for EEC: Estate expected to create 16,000 jobs. The Map Ta Phut Industrial Estate in Rayong province, operated by the IEAT. The IEAT is planning to open a new industrial estate in Chachoengsao. The Industrial Estate Authority of Thailand (IEAT) plans to build a new industrial estate in Chachoengsao, one of […]

The Giants keep growing their market share, CPN has acquired SF from MAJOR. The other giants are letting their competition go bankrupt (hotels and F&B are an easy example of this). Market wise – It’s driven by Covid Politics for the rest of the month. Earnings season has started, so you’ll see less buying/selling by […]

Govt lambastes US for TIP downgrade: The government has expressed disappointment and criticised the United States’ decision to downgrade Thailand in its annual worldwide human trafficking report. Bangkok Post State Railway to sell bidding envelope for Bt78b Southern Purple Line, 6 contracts in total, from 5-7 Oct. CK, STEC, UNIQ, and ITD are expected to […]

I don’t think it’s been well noted that the THB has depreciated versus the USD by ~4-5% over the past 3 weeks. If you look in USD terms, the SET is only +2.3% for the year. Should there not be another round of covid noise in the country, reopening theme, thai hemp, commodities will all […]

Insurance companies will likely stop making lump sum Covid insurance payments as the number of local cases has surpassed 200,000, leading firms to review the processes of their products, says Anon Vangwasu, president of the Thai General Insurance Association (TGIA). PM orders B7.5bn of aid: Prayut ‘unfazed’ by flak over new curbs. Prime Minister Prayut […]

And its round 4 of trading COVID incompetence in Amazing Thailand. There’s no point being angry with them, accept it and move capital accordingly. The supply chain disruption story is still in full effect, look at container rates, shipping rates, commodity price movements. To those wondering…I place a high probability to oil being 100+ over […]