Market Update 15/05 | ThaiCapitalist

Thailand has gone orange, the wave that started with Chadchart dominating in Bangkok is continuing with the Move Forward party winning throughout the country. It’s a beautiful slap in the face for the incumbents – Pheu Thai & the military and friends.

Earnings season is about to finish (today!), a summary will come later in the week…random thoughts – several at the moment (https://twitter.com/gvancomp/status/1657944286334418946?s=20). If the government is formed by Move Fwd, the market will be absolutely dog shit, not because the economy is weak but because the Kingpins such as GULF, which has been a key driver of the stock market returns over the past 7 years, are inextricably linked to the military & friends and they’ll drag the market down. But what if, a big and beautiful what if, the monopolies and oligopolies become weakened by new entrants?…