Research on Thai Markets in general and the SET Index
Hope you’ve all unleashed the same playbook, I mentioned it here Market Update 05/04. Same crap, same lockdowns, sure we can travel between provinces. But the psychology of a lockdown has returned to the country for the next few days (or weeks?). The only question at the back of my mind is whether these incompetent […]
Read More →To make up for the Songkran break I’ll add an extra 10 Several auto makers were holding back EV production expansion on risk of flooding in EV from China without tax barrier, urging EV board to form concrete policies. Non-bank fin & card co., likely benefit from Citi’s plan to exit consumer credits & credit […]
Read More →Isn’t it amusing that with tonnes of people going for testing => more “positive” cases. It is what it is. I don’t care about the politics of this. Watch for a delay in the reopening, hotels will drop etc and then buy again, same plays all around. And look commodities & supply-chain plays are still […]
Read More →New SET50 free-float rules will likely be announced either by this or next week with implementation from July 1, 2021. Tabloid quoted broker expecting the followings: Weighting increases: BBL, KBANK, SCB, SCC, BDMS, CPALL, INTUCH. Weighting decreases: AOT, DELTA, OR, GULF, ADVANC. New Additions: BANPU, KKP, KCE, STA, IRPC. Deletions: VGI, TOA, GLOBAL, DTAC, COM7. […]
Read More →I’ll start with a question, what is the the largest total addressable market today? Scroll down to see that rabbit hole…. Disclaimer: I love the military, don’t put me in jail :p WuFlu and Vaccines Thailand’s going through another amusing period….right before another long holiday period, right before protests were picking up again….of covid-19 cases. […]
Read More →Watch for a messy re-opening for tourism. Too many q’s re Phuket…1) Will this incompetent bunch of donkeys actually be able to systemically vaccinate the population there? 2) What about the tourists from Bangkok that frequent Phuket at the moment, do they not outnumber the potential number of foreign tourists for the next 3-6 months? […]
Read More →NBTS said postponing 5G license payment proposal is in conflict with TORs and a special order under Article 44 is needed, otherwise would sure to result in further lawsuits. Transport Ministry to sign TH-China high-speed rail projects today, total 3 contracts worth Bt27b, China State Construction-NWR-AS Associate consortium wins Bt11.525b, ITD’s Bt6.57b and UNIQ wins […]
Read More →Over the last 12 months, everyone made a killing. I’ve been thinking more about the next 12-18 months and wondering 1) Rates move = banks earnings coming back therefore ROE improvement despite the dead economy 2) The bigger get bigger (ranted on this enough times) 3) Commodities on a multi-year uptrend cycle (does this then […]
Read More →SSO is tightening policies on investing in corporate bonds following LPN, BAFS, BEC and AAV credit downgrade, raises overseas investment to 30% from current 15% to diversify risk. Thailand’s elderly population is growing rapidly. The country is already considered an “ageing” society, meaning 10% is aged 60 and over, and has been since 2005. It […]
Read More →So the 4Q20 #’s were finished a few weeks ago, there’s an excel file link below (only available for a week from posting date) Here are some quick #’s: SET 4Q profit was -31% YoY, +23.7% QoQ, 9M was -50% 3/27 sectors grew YoY & QoQ 119/814 companies (SET & MAI) grew their profits & […]
Read More →