Is this market efficient? Or is there value?

In Emerging markets on 20/05/2010 at 7:56 am

I don’t track Thailand so I was surprised to see this chart in the FT. I tot that with the events there, foreigners would be breaking down the walls in an attempt to exit the country.

Where to from here?

FT went on to say, Investors do not wish to pull out of one of the most open and investor-friendly of east Asia’s fast-growing economies, where the government has, within the past month, raised its 2010 GDP increase forecast from a range of 3.3-5.3 per cent to 4.3-5.8 per cent.

In a note published on Beyond Brics, the Financial Times’s emerging markets hub, Standard Chartered Bank said the baht had been “remarkably stable during the political turmoil”, because the market had largely accounted for the unrest, and economic fundamentals were “relatively solid” in view of Thailand’s big foreign exchange reserves, substantial current account surplus and economic growth.

Could we see a delayed reaction? Or are those still in there the value investors. Time to check out the place?

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: