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Monday, May 6, 2024

Market Update 12/12 | ThaiCapitalist

I already feel like I’m on holiday mode, I believe the market is the same mood.

It’ll be the last week of the year that I’ll post. Let’s see what happens. But Thailand continues to be a dog dog dog. Normally you’d see 1/2 the market green over 12 months and the other 1/2 red and it’ll be a relatively clear indicator what to do for next year. But now there’s just nothing.

The latest news with ITD having to, effectively, be bailed out by the commercial banks just to pay a THB 2 billion loan at the last minute, does not give confidence to the markets nor the outlook next year. Fun times ahead with some THB 1 trn to be rolled over next year….

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