Nervous God Posted April 27, 2010 Report Share Posted April 27, 2010 Huge investment from china and singapore over last 2 years. They need somewhere to keep their money safe. Link to comment Share on other sites More sharing options...
LizardKing Posted April 27, 2010 Report Share Posted April 27, 2010 Damn, I'm an atheist, but I have to agree with God... Link to comment Share on other sites More sharing options...
ThaiHome Posted April 28, 2010 Report Share Posted April 28, 2010 From yesterday, refering to Monday's close. Note that over 1.3 billion USD has flowed into the SET this year. That is a would certanly increase the demand for baht causing the price to rise. TH Stocks gain despite rising risk factors Published: 27/04/2010 at 02:46 AM Newspaper section: Business Thai stocks rose by 1.29% yesterday amid stronger global sentiment on the strength of the global economic recovery and the resolution of the Greece debt crisis. The Stock Exchange of Thailand index closed yesterday at 764.34 points, up 9.76, in trade worth 18.29 billion baht. Energy stocks rose by 1.75%, banks gained by 0.86% and petrochemicals climbed by 2.66%. But local analysts recommend that investors continue to hold cash, given growing risk factors both locally and abroad. Asia Plus Securities suggests investors raise their cash holdings to up to 80% of their portfolios, based on concern over growing domestic risk and the prospect of renewed violence between red-shirt protesters and pro-government supporters. Grenades fired at Sala Daeng Skytrain station killed one and injured dozens late last week. Global economic risks are another concern, with some analysts fearing a market downturn over the Greek debt crisis. Greece on Friday formally requested a bailout from other European nations and the International Monetary Fund to help tackle its massive budget deficit. But regional sentiment was mostly positive yesterday, with Tokyo stocks gaining by 2.3%, Hong Kong rising by 1.6% and Seoul up by 0.9%. Kiatnakin Securities said strong first-quarter economic indicators and Thai-listed company performance should help support market gains. But fluctuating oil prices and exchange rates will add volatility for the market, and investors should monitor foreign fund flows closely. Foreign investors were net buyers of 1.04 billion baht in stocks last week, raising the total net buy to 43.7 billion for the year to date. Yesterday foreign investors were net sellers of 63 million baht. But Asia Plus maintains a bearish view of the market due to political risk, and notes that since April 7 foreign investors have been net sellers of 5.67 billion baht in local stocks. The broker recommends stocks benefiting from the global economic recovery, such as food, electronics and shipping, and avoid domestic stocks and the tourism sector. Somchai Anektaweepon, an analyst at Finansia Syrus Securities, said the SET would move in line with global sentiment, but potentially underperform due to political risk. He said the short-term outlook for the SET index was between 755 and 770 points. Link to comment Share on other sites More sharing options...
cavanami Posted April 28, 2010 Report Share Posted April 28, 2010 The Baht weakened slightly: USD: 32.3400 http://sg.finance.yahoo.com/currency Link to comment Share on other sites More sharing options...
Belem Posted April 29, 2010 Report Share Posted April 29, 2010 Also, Thailand didn't have any exposure to subprime mortgage loans like banks in other countries had. Link to comment Share on other sites More sharing options...
shygye Posted April 30, 2010 Report Share Posted April 30, 2010 ... but Thai personal debt has risen significantly. Link to comment Share on other sites More sharing options...
drogon Posted May 4, 2010 Report Share Posted May 4, 2010 http://www.nationmultimedia.com/home/2010/05/04/business/Thailand-urged-to-resume-pegged-currency-30128488.html What do experts think? Not Thailand getting really 'stronger' but rather a side effect of the current weakness of western economy? Link to comment Share on other sites More sharing options...
cavanami Posted May 4, 2010 Report Share Posted May 4, 2010 As long as investment money continues to pour into LOS, the Baht will remain strong. It certainly appears that the current civil unrest has no effect on the value of the Baht, as today, it strengthened! Link to comment Share on other sites More sharing options...
Dexi Posted May 4, 2010 Report Share Posted May 4, 2010 One big plus for the Thais is they dont have the burden of huge govt. debt that is present in some of the EU countries,the UK,US and Japan.Saw some figures on UK govt. debt in a few years will be £90,000 per household....Then theres Greece verging on default and behind that Spain with unemployement at 20%....could we be looking at the beginning of the end for EU monetary system...? Link to comment Share on other sites More sharing options...
drogon Posted May 4, 2010 Report Share Posted May 4, 2010 End of the Euro? I don't think so but even if it happened then I will neither be sad or happy. About unemployement at 20% in Spain, this is their own fault and it just depends on these workers to change these figures...there are jobs, just the majority of the damn Spanish too fu*** lazy to accept working in another part of the town (don't even suggest them to go work in another city and much less in another country) Well, I suppose the Thai government (as well as quite a few other third world economies) has to be careful -> US+EU+UK going down under too much = No more markets where to sell products (at least until other third world markets start to be serious alternative markets) Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.