YTD the SET is +8% in local currency terms, but the THB has dropped some -10% versus the USD this year, with most of the decline starting since mid June.
COVID COVID COVID. That’s all I’m seeing in the news. And the government reacts in the same way, oddly (:p) at the same time when protests are picking up. And yes I do understand that the hospitals are packed. BH said on a call that they request 300k THB upfront cash payment from customers for a room now. (though I’ve heard the number range from 200-500k). What example may we look at it for this D-version of the wuflu – india. let’s see in the next few weeks where the figures end up. These additional lockdowns are just going to exacerbate market share going to a few players.
It’s earnings season, banks are out and everyone (excl TTB) looks great YoY, only TISCO and KKP are decent/flat QoQ, the rest were down mid-teens.
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