And the holidays are over!

The MAI was rocking and rolling in 2021, after being absolutely rubbish since 2017, it’s great to see some life back there again. The SET looks decent in THB terms, though in USD – rather paltry…now if you look purely at the PE, its “only” at 15x for the SET on a trailing basis where #’s were average, just imagine how much better figures will look going forward for the same multiple themes I’ve been banging on about for the past 18 months…

Random thought – if a pandemic couldn’t kill these listed co’s, why shouldn’t they trade at the same discount rate as a the government bonds? Crazy I know, but why not? They’re immune.