The Thai government approved the long-delayed budget. The Thai government is finalising and implementing my 3G strategy – Girls, Ganja & Gambling – Casinos are a go.. The BOT is under pressure to cut rates. Tourism is rocking n rolling. FDI is going to surprise positively by the end of the year. The market will […]

Additional 10

Same as every week, all the pain is in the currency. USD/THB nearly -6% YTD… In USD terms Thailand is -8%, well done. Malaysia 2.0 w/ Thai spices – this forecast is, much to my chagrin, becoming truer and truer.

Electronics -20% YTD? That’s DELTA. But look the market is only -2%. But, as always, the pressure is in the currency still with the USDTHB -5% ytd…. I still have the same bull and bear arguments in my mind… bull…an improvement in governance from a decade of incompetent military governance, full tourism recovery, FDI pick […]

Oh look, several sectors up MoM, there’s no “hope”, “belief” you name it for Thai equities at the moment. I wouldn’t be surprised to see figures look better than expected for multiple sectors…then again I can also paint the bear argument, valuations, no real FDI, and a country still dealing with the piss-poor military donkeykong […]