A short coming week for the Thai market as the country is still waking up from it’s Songkran holidays.

We’re in the midset of 1Q25 earnings season + dividend season – but this doesn’t matter as flows and emotions have continued to take over the market.

Regarding trumpy’s moves…well I look at oil…anti-oil plays continue to work…regarding tarriffs, it’s getting fun out there. I’ve joked with friends that this is the bro-finance era, your average nerdy CIO won’t know what to do with these markets as they don’t understand anything outside of #’s and “fundamentals” you’ll be reading a lot of

• “oh my god this is awful for the world order”
• “oh my god this doesn’t make fundemental sense”
• “oh my god how could they flip flip so quickly”
• “oh my god this isn’t fair”

To which I retort with one comment, I used to serve on the board of LV Technology Plc back in the day when it was listed. They had an associate company in China, which averaged GPM’s 2x higher than the every other cement engineering co in the world. Why?How? The government subsidised them via export rebates i.e. for every 1 USD/WufluCoin exported, the gov gave the company 1 USD/WufluCoin. This practise existed across multiple industries and this is how China Inc grew massively and killed all competition throughout the world. But ok, tarrifs are unfair…

A random thought….wouldn’t Thailand (or most of the world) be better off if they had zero tarrifs on US goods (what is really bought from the US?) and just whacked China with tarrifs …. I’d imagine that Thailand would be far better off…but that’s just me wanting to buy a Ford Mustang 5.0L car at US prices. Or am I wrong?