Economist and Hedge Fund Manager Shayne Heffernan of
www.livetradingnews.com takes a look at the Thailand Stock Exchange
The Thailand Stock Exchange
finished the week 1.2% lower, no surprise though as Thailand has been the
leading ASEAN Exchange this year up a total of 25.9% for the year. Investors in
Thailand need to be cautious for now as there are ongoing problems in Europe
and the USA that have the ability to create a sharp sell off.
Deleveraging in Europe and the US
Fiscal Cliff will at some point in the coming months create Rally’s and Dips so
it is ideal for traders.
For the Thailand Stock Exchange I
advise you seek value, Low PE and good sectors are key, never buy a stock you
do not have a long term positive outlook on, always keep in mind value.
Q3 was tough on Thai Exports,
exports declined by 1.13 per cent compared to the same period last year, but
there is some big news, Toyota plan to make 1m Cars per annum in Thailand.
The Auto Sector is the second
most important industry for economic growth in any Country, and Thailand has
excelled in that sector, long term Thailand still looks good. Auto
manufacturing has an above average multiplier effect. For every one auto
manufacturing job, there are 4-6 jobs outside of that segment that are related.
Automotive manufacturing has
enormous reach touching every part of the country, employment in automotive and
automotive parts manufacturing ranks among the top three manufacturing
industries.
Despite a global slowdown
Thailand will still record growth of between 4.5% and 6% depending who you ask,
I think it will be closer to 6% as a result of the wage hikes and a recovery in
food prices.
ASEAN Markets as at Close Friday
Change on day
Market Current Prev Close Pct
Move
TR SE Asia Index* 415.14 412.98
+0.52
Singapore 3009.56 3012.25 -0.09
Kuala Lumpur 1641.08
1641.07 0.00
Bangkok 1290.83 1293.70
-0.22
Jakarta 4333.64 4327.87
+0.13
Manila 5468.79 5446.71
+0.41
Ho Chi Minh 386.71 385.60 +0.29
Change on year
Market Current End prev yr Pct
Move
TR SE Asia Index* 415.14 346.30
+19.88
Singapore 3009.56 2646.35 +13.72
Kuala Lumpur 1641.08
1530.73 +7.21
Bangkok 1290.83 1025.32
+25.90
Jakarta 4333.64 3821.99
+13.39
Manila 5468.79 4371.96
+25.09
Ho Chi Minh 386.71 351.55 +10.00
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