Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Bond Market Monitor: Thai Corporations UnSmiled

Asian Bond Monitor: Baht Bond Bummers (“BBB”)

Thailand Short Interest Weekly (Jul 25th): Intouch, CP ALL, Kasikornbank, Airports of Thailand

Bond Market Monitor: Thai Bonds Are for Issuers

Thailand Short Interest Weekly (Jul 18th): Airports of Thailand, Intouch, Gulf Energy Development

Thailand Short Interest Weekly (Jul 11th): Central Retail

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Macroeconomics

<ul>
<li>We chose to objectively focus on Thailand’s institutional debacle in relation to the recent book called “Why Nations Fail”</li>
<li>Thai Baht (THB) yields have remained too low, relative to Thailand’s country risk.</li>
<li>This report is not so much about the low yield but rather the operating environment which we believe non-Thai investors can appreciate our local point of view.</li>
</ul>


We chose to objectively focus on Thailand’s institutional debacle in relation to the recent book called “Why Nations Fail”
Thai Baht (THB) yields have remained too low, relative to Thailand’s country risk.
This report is not so much about the low yield but rather the operating environment which we believe non-Thai investors can appreciate our local point of view.


Bond Market Monitor: Thailand Unsmiled