BEM's initial drop due to traffic dropping 20% as a result of COVID. As a business, it is highly sustainable (rights to collect highway tolls and metro fees after build), with a big opportunity to grow as the country develops. Long.
The Thai baht over the past week started out the week sideways, but like the Singapore dollar ended the week up. This pair is a bit more impacted recently from political risk surrounding its election and because of this we may see more volatility not related to technical or fundamental components. Nonetheless, its important to keep in mind the overall trend...
