SET&MAI 3Q14 Financial Summary
The past few weeks have been their usual hectic period with listed companies reporting their 3Q14 #’s, see below for a summary of how each sector performed on a reported net profit basis.
A few comments:
- The overall performance for the the market was crap the SET & MAI were -4.7% YoY%, and -0.4% on a 9M14 comparison – however this could be due to oil prices collapsing during the 3Q hence why energy stocks had crap numbers
- Food rocked! Due to the low base effect of last year when TUF, GFPT and CPF were hit with low chicken prices and shrimp disease issues.
- Services – major turnaround as a result of CPALL (last year they purchased MAKRO led to huge debt numbers, fees etc etc)
- Thus nothing much to report, but I’m amazed by the consistent performance in property funds.
Mike
Do you think investing in sector ETFs is preferable to tracking the index (TDEX)?
Mike
Pon
If you believe a sector is going to perform well then go for it.
blackjack
If you missed Beauty are you thinking of jumping on to it
and if so how far has it go to go
Pon
Good question and I don’t know yet, I’m still of the viewpoint that consumer spending in Thailand has peaked for the next few years (since 2012) and won’t return until 2017, and that the only thing that will drive Thailand’s growth in the future is infrastructure spending.
blackjack
thanks
so the infrastructure funds theyre setting up soon maybe the easy way to go?
however here is an interesting link to a theory on the US$ and emerging markets
you may have to sign up – its free- but worth a read https://www.mauldineconomics.com/frontlinethoughts/a-scary-story-for-emerging-markets
regards
Pon
Ah yes read that article, its not too far from the truth, the US dollar index has risen strongly in the past few months from 82 to 87, interestingly the thai baht still held its strength. It’s all a question of capital flow, when will the US Fed raise rates to the point that funds flow out of Asia back home? Or does Japan’s arrows more than offset this?