In the residential market, Thailand’s top eight developers have seen their collective share expand to 49% in 2009, from 34% in 2008, even as the overall residential market contracted last year by as much as … Thailand Business News
Go here to see the original:
Thailand’s Big developers are getting bigger
A severe drought and a decline in rice prices in early 2010 do not bode well for agricultural production and consumption, although increased employment in manufacturing will partly offset the impact to agriculture.
All in all, a more favorable external environment should help boost real GDP growth to 6.2 percent in 2010. After this year, slower growth in developed countries, emerging capacity constraints as capacity idled during the crisis is quickly put to use, and the weight of the ongoing political turmoil on new investment, should likely keep growth below Thailand’s historical average of 5.1 percent. On the whole, Thailand’s fiscal and financial picture remains solid
Yet a glance through the 2009 Post/ AWR Lloyd-PYI Shareholder Scorecard shows that some sectors clearly benefited more than others. Home and office products led all sectors with a 267% gain in 2009, followed by agribusiness at 238% and property development at 132%.
But another factor is likely the presence of larger, institutional investors in large-cap stocks who are more concerned about long-term performance than short-term market movements.