Vincent Fernando over @ Religare just put out this paper and I’ll do my best to summarise his key points which are as follows:

1. ASEAN growth this is expected to be 1.2% this year 
2. Next year’s earnings imply a rebound to high-growth which seem over-optimistic

Now for Thailand:

1. Aggregate earnings have been cut 1.3% over the last month
2. Worst revisions came from Coal and Consumer Staples
3. Thai earnings are expected to grow a healthy 13.8% in THB terms next year

All interesting stuff indeed and with more people likely looking forward to next year now, it’s worth looking at things from a broader picture just to get a sense for how the market may shake out.