Showing 1 - 9 of 9
Five commonly misunderstood market concepts, explained
Business, Pornthep Jubandhu, Published on 23/03/2019
» I am no political guru and am making no predictions about tomorrow's election outcome, so writing an article based on election results would be like gambling. Therefore, I have decided to try something that has a longer shelf life. It is based on my experience from various investment seminars over the past couple of years, which has shown me that there are at least five concepts about the market that are commonly misunderstood.
Pockets of opportunity in regionalisation and services
Business, Pornthep Jubandhu, Published on 23/02/2019
» Overall global economic growth is slowing and Thailand is no exception -- GDP expansion slowed to 3.7% in the fourth quarter of 2018 from 4.8% in the first half. The consensus view is for growth of 3.5% to 4.0% in 2019, compared with more than 4% in 2018. One of the major headwinds is the trade dispute that has caused global trade to shift into a lower gear.
Key macro strategy themes for 2019
Business, Pornthep Jubandhu, Published on 26/01/2019
» Overall, global markets started the year with positive returns from most equity markets. Can this positive momentum continue? Our research team at SCB Securities stands by our optimistic view. We offer four top-of-mind themes for 2019 affecting our investment decisions going forward.
It's the time, not the timing
Business, Pornthep Jubandhu, Published on 22/12/2018
» 'The single greatest edge an investor can have is a long-term orientation," the American billionaire investor Seth Klarman once observed.
Sentiment vs fundamentals
Business, Pornthep Jubandhu, Published on 24/11/2018
» At the beginning of the year, mainstream research houses were targeting a 2018 year-end SET index in the range of 1,750 to 1,900 points. Given that the index finished 2017 at 1,750, the expected index return of up to 9% was not a stretch.
Point of view
Business, Pornthep Jubandhu, Published on 27/10/2018
» On Oct 24, the S&P 500 registered a month-to-date return of -8.8%, the worst monthly showing since February 2009 (the bottom of the financial crisis), wiping out the entire year-to-date gain.
Banking on investments
Business, Pornthep Jubandhu, Published on 29/09/2018
» As we pointed out in our previous article on Sept 5, we are probably at a late stage of the current economic cycle, but nowhere near the end of it. Gross domestic product growth, both global and domestic, has been creeping up at slightly above the long-term average trend, with no sign of overheating.
Late-cycle market not forming yet
Business, Pornthep Jubandhu, Published on 05/09/2018
» Let's get the facts straight: we are definitely no longer in the early stage of the current stock market cycle. However, I don't think we are anywhere near the end of a late cycle either.
Not the time to sell
Business, Pornthep Jubandhu, Published on 21/07/2018
» The SET index touched an all-time-high intra-day peak of 1,852 points at the end of February this year. By the end of June, it was 14% off that peak, falling to around 1,600. One of the chief culprits was extreme foreign fund outflows.