1) Thai stock market overview
Thailand’s SET Index closed at 1,685.18 points, increased 5.28 or 0.31% with a trading value of 93 billion baht. The analyst stated that the Thai stock market was fluctuate due to the tension in Ukraine that could get dragged out further. However, the Asian market could be better due to not being the main conflict with Russia, resulting in consistent fund inflow to the market. The analyst expected tomorrow’s session to be positive, giving movement range at 1,680-1,700 points
2) Russia’s central bank raise interest rate to 20% amid falling rubble
The Russian central bank nearly doubled its key interest rate from 7.5% to 20% on Monday after the ruble plunged to a record low against the greenback as much as 30% on the back of a slew of new sanctions and penalties imposed on Russia by the U.S. and its allies for its invasion of Ukraine.
3) Thai Airways books THB55 billion of earnings in 2021 from debt restructuring gain
The notorious Thai Airways (SET: THAI) that filed for rehabilitation reported a net profit of THB55,113 million in 2021 while last year reported a net loss of THB141,180 million. Profit per share was THB 25.25 compared to last year’s loss per share was THB 64.67. EBITDA was THB-8,846 million decreased THB2,473 million from last year with an EBITDA Margin equal -37.3% compared with the previous year was -23.4 %. The changeover to net profit was significant as a result of the debt restructuring gain.
4) Thailand exports grow 7.9% in January
The Bank of Thailand report showed on Monday that Thailand’s exports rose 7.9 percent to US$21,155 million in January, generating a US$596 million trade surplus and a better-than-expected 4Q21 economy.
Thailand’s economy performed better than projected in 4Q21. This makes it a driving factor for the Thai economy in 2022. However, there are still other factors to take into account this year.
