The mood on the ground is that … Thailand is rubbish, and the SET is mimicking this.

Today is the first real working day of the year for Thailand. January – People still celebrating new years Feb – Chinese new year Mar – They’re on the beaches still going oh la la April – hello songkran and they’re all off to go ohooooooooooo. May – Magical holidays, they’re off to Japan. 4 […]

Bonus 7

Heyyy looooooookkkk it’s only down a little bit….urgh. Random thoughts:

Bonus:

I just had a quick look through all the markets in ASEAN. Thailand is the only market that is below the end of 2019 levels. I’ll say it now, it’s going to beat Vietnam & Singapore in USD terms from end of April onwards. I’m not saying that Thailand is in sound economic shape. But…Gov […]

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 […]