Bonus 4

Thailand is only down -3% this year….urgh…(or -10% in USD terms) But #’s are coming out…and for several industries…i.e. telco’s…services…argi…petrochem’s…they’re actually looking good and that’s ..60%+ of the market cap? Could we finally see a surprise to the upside?

Just looking at the 12M’s performance makes me go WOW. Throw in the currency falling by some -22% over the past 2 years. Just WOW. But YTD there are greenshoooooooooots, agri – construction services, tourism, healthcare, happy hunting…Also it’s earnings season and hmmm..bottom line growth for the banks were great (hello obvs NIM) but the […]

As of writing the Thai Baht just went past USDTHB 37… Well – a decade of military idiots running the country followed by the US jacking up rates = this magical scenario facing Thailand. Friends are now starting to whisper USDTHB 40…let’s see…anyways this means that in USD terms the SET is -13% for the […]

Short week. Earnings season starting…let’s see how bad things are…or not.

It’s songkran holiday week & people are already gone on holidays…but…the market has a lot going on for it. (note i’m posting this on the 11th April), governments announcing the budget, digital wallets, and property stimulus – same game different decade….