TMB analysts believe Thai exports will surge 6% this year

Thammarat Thadaphrom

 

BANGKOK, 2nd September 2017 (NNT) - TMB Bank Public Company Limited has forecast a 6% growth in Thai exports during 2017. 

Analysts at TMB Bank Public Company Limited are convinced that Thai exports have the potential to expand by 6% this year, citing a strong economic recovery in the second half of 2017. 

The bank believes the export sector will perform well in the Asian market, saying that demand for Thai products will rise among ASEAN nations, CLMV countries, China, and Japan, where the economies are stabilizing. 

Export goods that are expected to attract overseas buyers include rubber products, chemical products, electronics and computers, and food. 

As for risk factors, the bank said that fluctuations in the Thai currency remain a huge concern, and result from political instability in Thailand and around the world as well as the monetary policy of the United States. 

 

 

-- nnt 2017-09-02

things are boom boomin' here in Hua Hin.

 

low season never really hit previous lows here. many ASIAN tourists.

 

not much exports from Hua Hin except boredom.

 

She knew that what Marianne and her mother conjectured one moment, they believed the next: that with them, to wish was to hope, and to hope was to expect.

 

Jane Austen, Sense and Sensibility

Why? The Thai Baht is very over valued. The rest of Asia is selling the same crap cheaper. Do they just make this stuff up?

Up 6%. Sounds impressive, except when you factor in the last couple years have been way down.

"Analysts at TMB Bank Public Company Limited are convinced that Thai exports have the potential to expand by 6% this year, citing a strong economic recovery in the second half of 2017."

 

So, some jobsworth at TMB had a dream last night, and convinced his superior that the information didn't come from his seance with a crystal ball!  

 

Somebody with that gift should be working in a circus.

TMB is Thai Military Bank. It says a lot about the bias :)