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Thursday, March 28, 2024

Market Update 16/01 | ThaiCapitalist

Anyone else noticed that the Thai baht is back to 32? Easiest 4 month return in USD terms…and this applies to practically all Asian currencies. All it took was for the Chinese to come out of their lockdowns and be allowed to fly – by year end the country will be fully back to pre-covid tourism figures, now one can hope that this will translate into actual economic figures.

So, the story line continues since covid…

  • Reopening
  • Commodities
  • Market share grab
  • Bad debts.
  • Nothing has really changed yet.

Though in 5 months we may have an election in this country, so we can add in a pre-election rally and the hope that the next administration will lead to a more pro-business environment for a period of time.

In the short term, I wouldn’t be surprised to see some announcement about…….a mourning period, I’m expecting it’ll be…

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