Exports and imports in Thailand grew in December but at a slower pace than in previous months. Exports rose 18.8% year-over-year while imports grew 11.5%, both decelerating from growth rates in the fourth quarter. For the full year, exports increased 28.1% while imports rose 36.5%, reflecting recovery from declines in 2009. Going forward, exports and imports are expected to continue growing but at a slower pace, led by economic growth among trading partners and domestic demand.
Mobile Payments and Mobile Commerce
# Market overview
# Competitive landscape
# Region analysis
# Value chain
As of September 2012
Sources: Gartner, Euromonitor, Mashable, Arthur D. Little, mobilepaymentstoday.com, Sapient Nitro, internetretailer.com, deltapartnersgroup.com, paymentobserver.com
Mobile Payments and Mobile Commerce
# Market overview
# Competitive landscape
# Region analysis
# Value chain
As of September 2012
Sources: Gartner, Euromonitor, Mashable, Arthur D. Little, mobilepaymentstoday.com, Sapient Nitro, internetretailer.com, deltapartnersgroup.com, paymentobserver.com
State of the U.S. Online Retail Economy in Q2 2010 comScore
comScore Chairman Gian Fulgoni presents his quarterly review of the state of the U.S. online retail economy during this webinar from Thursday, August 19. This installment includes an overview of e-commerce trends in the second quarter of 2010 and survey findings that highlight consumer sentiment about the current state of the economy.
Presentation referenced by Richard Yamarone of the Bloomberg Economic BRIEF, at the 2012 Texas Financial Market Roundtable sponsored by Professor Lewis Spellman at the McCombs School of Business, The University of Texas at Austin. Mr. Yamarone is the author of "The Trader's Guide to Key Economic Indicators."
Presentation given at Russia & CIS Hotel Investment Conference. Presentation mainly focuses on FDI and Russia's failure to ttract meningful amount fo FDI
The Chinese Daily Deal Websites Pyramid - The Top 20 Sites in 4 Levels
The Chinese Daily Deal Websites Pyramid - The Top 20 Sites in 4 Levels
According to the Dataotuan (www.dataotuan.com)statistics, the total revenue of the Chinese group-buying market in 2012 Q1 is around 4.5 Billion Rmb.
The Top 20 deal sites, accounting for 95% of the market, fall into 4 levels.
An nfpSynergy presentation on how advice charities are affected by the recession, and how they can combat the effects of the credit crunch. Includes data on how the recession is affecting charity income.
State of the U.S. Online Retail Economy in Q2 2010 comScore
comScore Chairman Gian Fulgoni presents his quarterly review of the state of the U.S. online retail economy during this webinar from Thursday, August 19. This installment includes an overview of e-commerce trends in the second quarter of 2010 and survey findings that highlight consumer sentiment about the current state of the economy.
Presentation referenced by Richard Yamarone of the Bloomberg Economic BRIEF, at the 2012 Texas Financial Market Roundtable sponsored by Professor Lewis Spellman at the McCombs School of Business, The University of Texas at Austin. Mr. Yamarone is the author of "The Trader's Guide to Key Economic Indicators."
Presentation given at Russia & CIS Hotel Investment Conference. Presentation mainly focuses on FDI and Russia's failure to ttract meningful amount fo FDI
The Chinese Daily Deal Websites Pyramid - The Top 20 Sites in 4 Levels
The Chinese Daily Deal Websites Pyramid - The Top 20 Sites in 4 Levels
According to the Dataotuan (www.dataotuan.com)statistics, the total revenue of the Chinese group-buying market in 2012 Q1 is around 4.5 Billion Rmb.
The Top 20 deal sites, accounting for 95% of the market, fall into 4 levels.
An nfpSynergy presentation on how advice charities are affected by the recession, and how they can combat the effects of the credit crunch. Includes data on how the recession is affecting charity income.
A sharp rise in outbound M&A activities was spurred by a loosening of government regulations regarding outbound transactions. Meanwhile, inbound M&A has seen a healthy and steady rise throughout the year in terms of transaction value.
www.smithstreetsolutions.com
1. KBank Capital Market Perspectives Market Updates
Macro / FX / Rates
Exports and imports at slower pace of growth
18 January 2011
Overview:
The Customs Department today reported trade performance (customs-cleared) for December Nalin Chutchotitham - Kasikornbank
period. Exports rose by 18.8% yoy, showing a deceleration from the overall growth rate of nalin.c@kasikornbank.com
20.8% in Q4. This was primarily due to a substantially high base in the year 2009 as well as
the slow down in the pace of economic recovery of trading partners’ economies. Imports
grew by 11.5% yoy, also decelerated compared to the Q4 growth rate of 20.1%. Trade
balance in December increased to $1,295mn from $408mn in November.
2010 vs. 2010 – Annual exports growth was recorded at 28.1%, indicating a full recovery of
Thailand’s exports after 2009’s decline of 14.3% which almost completely erased the growth
of 15.5% earned during 2008. Exports value in 2010 at $195bn topped the year 2008’s value
of $178bn. Annual imports was recorded at 36.5%, reflecting a strengthening domestic
demand when compared to the heavy slump of 25.4% in 2009 and an increase of 28.1% in
the year 2008. Imports value in 2010 at $182bn also topped the year 2008’s value of $179bn.
For the whole year, trade balance surplus total $12.9bn, a decline compared to the year
2009’s surplus of $18.8bn. This was ascribed to the recovery of domestic economy and the
resumption of active imports, especially for private investment.
Going forward, we expect both exports and imports to continue growing, albeit at slower
pace. These movements would be led by economic growth in trading partners’ economies as
well as domestic demand growth. The baht is expected to see a slower pace of appreciation
in the year 2011 after it had finished last year with 11% gain versus the greenback. This is
likely to be supported by trade balance surplus and continued foreign capital flows.
Export destination composition - Comparing exports in the year 2009 and the year 2010,
there are significant declines in the share of exports to EU(15) (99.8% from 10.5%) and the
U.S. (10.3% from 10.9%). on the other hand, there are noteworthy increases in the share of
exports to mainland China (11.0% from 10.6%) and ASEAN(5) (16.4% from 15.1%) .
As for the other export destinations, shares were little changed. Excluding China, exports
share of emerging markets for Thai exports rose from 33.8% to 33.9%. Meanwhile,
secondary markets accounted for 16.3% of total exports in the year, a slight decline from
16.5% in 2009 (includes Hong Kong, Taiwan, South Korea, the Oceania and Canada).
Exports, imports growth, Trade balance USD/THB
% yoy
46
80 4000
44
60 3000
42
40 2000 40
20 1000 38
0 0 36
34
-20 -1000
32
-40 -2000
30
-60 -3000 28
Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11
Trade balance ($ mn, right axis) Export, % yoy Import, % yoy USD/THB
Source: Bloomberg, KBank Source: Bloomberg, KBank
11
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4. Disclaimer
For private circulation only. The foregoing is for informational purposes only and not to be considered as an offer to buy or
sell, or a solicitation of an offer to buy or sell any security. Although the information herein was obtained from sources we
believe to be reliable, we do not guarantee its accuracy nor do we assume responsibility for any error or mistake contained
herein. Further information on the securities referred to herein may be obtained upon request.
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