Most Thai Banks Have NPL-To-Net Loans Above The Global Average
Four large Thai banks: KTB, BBL, KBANK, and SCB all have an NPL-to-net loans ratio above the world. KTB and BBL appear cheapest on a price-to-book basis, this is partially driven by higher NPLs, BBL is likely able to absorb those more easily. *NPL is Nonperforming loan. KKP=Kiatnakin Bank, CIMBT=CIMB Thai Bank, KTB=Krung Thai Bank, […]
Short Interest Report – Tuesday, November 28
Short interest figures for the middle of November were released after the close on Monday, so we have just updated our regular report on short interest trends for the market, sectors, and individual stocks for clients. Below we wanted to quickly highlight the stocks with the highest levels of short interest as a percentage of […]
Bitcoin Futures, Elon Musk And Michael Novogratz
If there’s one thing you count on with Bitcoin, it’s that the cryptocurrency is never dull. The week, the value of Bitcoin has exploded to a record high. At the time of writing, the price as shown by Coindesk is just under $9,900, near the psychologically important $10,000 level for the first time. In overnight trading, the […]
Overcapacity Or Opportunity? 2 Retail REITs To Bet On
The end of Cyber Monday, a day which witnesses the single largest volume of online purchases, is possibly a good time to take stock of e-commerce’s fortunes. Fresh estimates from Adobe Systems Inc. (ADBE) indicate that expenditure via the e-commerce route registered a near 17% increase to hit $6.6 billion this Cyber Monday. In fact, […]
Dollar Recovering Its Losses In Europe
On Tuesday the 28th of November, during trading in Europe, the euro and pound were both trading down against the US dollar. After a failed recovery, the pound dropped from 1.3357 to 1.3287 (-70 pips), while the euro dropped from 1.1920 to 1.1875 (-45 pips). This is the market readjusting itself after the US dollar’s recent […]
Crude Oil – Tuesday, November 28
Nice rebound from first Fibonacci confirms prevailing bullishness. Source: INVESTING.com
Oil Price Comes Into Focus As The OPEC Meets
The Organization of Petroleum Exporting Countries or OPEC meet this week on November 30 in Vienna, Austria for the 173-rd OPEC meeting. The event will see Russia, the largest non-OPEC nation joining hands with Saudi Arabia in deciding about extending the production cuts. OPEC first agreed to curb production in 2016, marking the first oil cut in […]
Gold: $1400 Is The Key
The big picture for gold continues to strengthen. In 2016, gold began the year at about $1100, soared $300 an ounce to about $1400, but then it gave back about $250, and ended the year at about $1150 with only a $50 gain. That price action fit perfectly with my 2014 – 2017 theme of “rough […]
Doc Copper/Gold Ratio About To Break Key Support?
Keeping a close eye on the ratio of Copper -vs.- Gold can be helpful in determining where interest rates are headed. If the ratio is heading lower (Copper weaker than Gold), often times interest rates will tend to fall. If the ratio is heading higher (Copper stronger than Gold), often times rates will head higher […]
Consumer Confidence Remains At 17 Year High
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through November 14. The headline number of 129.5 was an increase from the final reading of 126.2 for October, an upward revision from 125.9, and remains at a 17 year high. Today’s number was above the Investing.com consensus of 124.0. Here is an excerpt […]
