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How Thailand became the ‘sick man’ of Asia
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How Thailand became the ‘sick man’ of Asia

ThailandAdd to myFTGet instant alerts for this topicManage your delivery channels hereRemove from myFTHow Thailand became the ‘sick man’ of AsiaOnce a regional tiger economy with double-digit growth, its pivotal drivers of consumption, manufacturing and tourism are in decline© Peerapon Boonyakiat/SOPA Image/ReutersHow Thailand became the ‘sick man’ of Asia on x (opens in a new window)How Thailand became the ‘sick man’ of Asia on facebook (opens in a new window)How Thailand became the ‘sick man’ of Asia on linkedin (opens in a new window)How Thailand became the ‘sick man’ of Asia on whatsapp (opens in a new window) Save How Thailand became the ‘sick man’ of Asia on x (opens in a new window)How Thailand became the ‘sick man’ of Asia on facebook (opens in a new window)How Thailand became the ‘sick man’ of Asia on linkedin (opens in a new window)How Thailand became the ‘sick man’ of Asia on whatsapp (opens in a new window) Save A. Anantha Lakshmi in Bangkok PublishedFebruary 3 2026Jump to comments sectionPrint this pageUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Like millions of Thais, Tipvimol Wanitthaphan came to the capital Bangkok in search of a better livelihood to support her family. For most of the past four years, she managed to do so by running a small restaurant catering to office workers. But sales have plunged by two-thirds in recent months, as an economic downturn kept cost-conscious customers away. With losses mounting, Tipvimol, 57, plans to shut up her shop when her lease expires in April. “Right now, a lot of people are being laid off . . . so the purchasing power is lower,” she said, adding that she was worried about her own expenses and a car loan she has yet to pay back. For voters such as Tipvimol, the economic slowdown is central to Sunday’s general election. Thailand’s prime minister Anutin Charnvirakul and other major contenders are campaigning on pledges to restore ec

India’s ‘unspectacular’ budget overlooks needed reforms
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India’s ‘unspectacular’ budget overlooks needed reforms

India Business Briefing  Indian economyAdd to myFTGet instant alerts for this topicManage your delivery channels hereRemove from myFTIndia’s ‘unspectacular’ budget overlooks needed reformsAlso in this newsletter: US litigation against Adani, and Uday Shankar’s mantraIn her budget speech, finance minister Nirmala Sitharaman said New Delhi would prioritise semiconductors, biopharma and renewables © APIndia’s ‘unspectacular’ budget overlooks needed reforms on x (opens in a new window)India’s ‘unspectacular’ budget overlooks needed reforms on facebook (opens in a new window)India’s ‘unspectacular’ budget overlooks needed reforms on linkedin (opens in a new window)India’s ‘unspectacular’ budget overlooks needed reforms on whatsapp (opens in a new window) Save India’s ‘unspectacular’ budget overlooks needed reforms on x (opens in a new window)India’s ‘unspectacular’ budget overlooks needed reforms on facebook (opens in a new window)India’s ‘unspectacular’ budget overlooks needed reforms on linkedin (opens in a new window)India’s ‘unspectacular’ budget overlooks needed reforms on whatsapp (opens in a new window) Save Chris KayPublishedFebruary 3 2026Jump to comments sectionPrint this pageThis article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.Good morning. This is Chris Kay, the FT’s bureau chief in Mumbai, which is currently shrouded in construction dust. Fear not, readers, Veena is racing back to India following her sojourn in Australia. Normal service resumes later this week.Last night saw a sudden breakthrough in the standoff between Narendra Modi and Donald Trump. The two leaders finally spoke, and the US agreed to reduce its reciprocal tariff rate on India from 25 per cent to 18 per cent, after Trump said Modi had agreed to stop buying Russian crude and instead purchase “much more from the United States and, potentially, Ven

Better Dividend Stock: Energy Transfer vs. Enterprise Products Partners in 2026
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Better Dividend Stock: Energy Transfer vs. Enterprise Products Partners in 2026

By Reuben Gregg Brewer – Feb 2, 2026 at 10:05PM ESTKey PointsEnergy Transfer and Enterprise Products Partners are both designed to be slow-growing, boring businesses.They each have similar goals for distribution growth.Don't jump on the higher-yielding option until you know more about both of these midstream giants.NYSE: ETEnergy TransferMarket Cap$63BToday's Changeangle-down(-1.68%) $0.31Current Price$18.14Price as of February 2, 2026 at 4:00 PM ETEnergy Transfer and Enterprise Products Partners have similar distribution growth rates, but one has a higher yield.Enterprise Products Partners (EPD 0.27%) and Energy Transfer (ET 1.68%) are two of the largest midstream businesses in North America. They provide services to energy companies, helping to move oil and natural gas around the world for a fee. While the energy sector is generally pretty volatile, these two master limited partnerships (MLPs) have reliable, cash-generating businesses to back their lofty yields. Which one will be a better income choice for you? A high yield and a higher yield Enterprise is offering investors a 6.3% distribution yield. Energy Transfer's yield is an even higher 7.1%. If all you care about is yield, the easy answer here is to buy Energy Transfer. That's not necessarily a bad call, given that both midstream master limited partnerships are likely to grow their distribution in the low-to-mid-single digits over time. Slow and boring is the goal today. Image source: Getty Images. That hasn't always been for Energy Transfer. For example, Energy Transfer cut its distribution in half in 2020 during the coronavirus pandemic. That was a difficult time for the energy sector as a whole. In 2016, during the last deep energy sector downturn, Energy Transfer had to scuttle a planned acquisition. The deal, which ended in a particularly ugly fashion, could have resulted in a dividend cut if it were consummated as originally planned. If you need a reliable income source to help pay your bill

Why AMD Stock Rose Today
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Why AMD Stock Rose Today

By Joe Tenebruso – Feb 2, 2026 at 9:53PM ESTKey PointsAdvanced Micro Devices doesn’t have to beat Nvidia for its shareholders to win.AMD's stock could surge to $290 per share.NASDAQ: AMDAdvanced Micro DevicesMarket Cap$385BToday's Changeangle-down(3.95%) $9.36Current Price$246.09Price as of February 2, 2026 at 3:58 PM ETThe tech stock is a buy ahead of its upcoming earnings report, according to one Wall Street analyst.Shares of Advanced Micro Devices (AMD +3.95%) climbed on Monday, following bullish analyst remarks. By the close of trading, AMD's stock price was up about 4%. Image source: Getty Images. Second place could still be highly profitable AMD doesn't have to be Nvidia. That's the view of Wedbush analyst Matt Bryson. Bryson argues that there's no need for AMD to match its far larger rival's massive market share in advanced artificial intelligence (AI) chips. AMD's shareholders will do just fine if the chipmaking challenger can deliver robust sales of central processing units (CPUs) used in personal computers (PCs) and data center servers when it reports its fourth-quarter financial results on Feb. 3. ExpandNASDAQ: AMDAdvanced Micro DevicesToday's Change(3.95%) $9.36Current Price$246.09Key Data PointsMarket Cap$385BDay's Range$235.00 - $249.9752wk Range$76.48 - $267.08Volume1.5MAvg Vol39MGross Margin44.33% Bryson believes tight supplies of server CPUs will boost AMD's profit margins by enabling it to command higher prices. He noted that the chip designer's server CPUs are already some of its most lucrative products. Bryson also pointed to sales to Chinese customers as another potential growth driver. The Trump administration authorized certain chip sales to China in January. All told, Bryson sees AMD's stock price rising roughly 18% to $290 per share. AMD's upcoming earnings release Investors can expect to hear more about AMD's CPU sales and AI-focused growth initiatives during the company's conference call, which is scheduled to begin at 5:00 p.m.

Why Sandisk Stock Skyrocketed 143% in January
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Why Sandisk Stock Skyrocketed 143% in January

By Jeremy Bowman – Feb 2, 2026 at 9:22PM ESTKey PointsA boom in memory is lifting Sandisk and its peers.According to some reports, the company is seeing prices double.It forecast adjusted earnings per share to double sequentially in its current quarter. NASDAQ: SNDKSandiskMarket Cap$84BToday's Changeangle-down(15.41%) $88.83Current Price$665.08Price as of February 2, 2026 at 3:58 PM ETRising memory prices fueled another rally in the NAND flash specialist.Shares of Sandisk (SNDK +15.41%) were soaring last month as the maker of NAND flash memory chips and other memory products benefited from a continuing shortage in the memory sector due to the AI boom. Sandisk blew past estimates in its second-quarter earnings report at the end of the month, though there was not much direct news out on the company. The stock benefited from reports in the media of memory prices going up, as evidenced by commentary from companies like Intel and Apple on their earnings calls. Several Wall Street analysts also raised their price targets on the stock during the month, keeping up with Sandisk's scorching-hot bull run. According to data from S&P Global Market Intelligence, the stock finished the year up 143%. As the chart below shows, the stock gained in nearly every session last month. SNDK data by YCharts Why Sandisk keeps soaring Sandisk's biggest day of the month came on Jan. 6 when the stock soared in response to comments from Nvidia CEO Jensen Huang that AI storage is a "completely unserved market," and he predicted that it would become the largest data storage market in the world. Additionally, TrendForce noted that NAND flash contract prices were expected to rise 33%-38% in the first quarter. A few days later, the stock jumped again after Nomura said that Sandisk would double the price of its high-capacity 3D NAND memory devices for solid-state drives this quarter. Several Wall Street analysts raised their rating on the stock to reflect expectations around those higher

VLU: Value Investing Without Sacrificing Growth
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VLU: Value Investing Without Sacrificing Growth

Crimson And Gold Research226 FollowersFollow5ShareSavePlay(11min)CommentsSummaryThe State Street SPDR S&P 1500 Value Tilt ETF is rated a Buy for 2026, supported by strong historical performance and attractive valuations.VLU consistently outperforms not only its value-oriented peers, but also the S&P 500, with a five-star Morningstar risk-adjusted return rating and top decile multi-year returns.The ETF offers broad diversification across large, mid, and small caps, low expense ratio (0.12%), and robust dividend growth (5-year CAGR: 9.72%).Key risks include sector concentration in financials and low liquidity; limit orders are recommended to mitigate execution inefficiency. MoMo Productions/DigitalVision via Getty Images I first wrote about the State Street SPDR S&P 1500 Value Tilt ETF (VLU) in the second quarter of 2025. I rated the fund as a Buy at the time, based onThis article was written byCrimson And Gold Research226 FollowersFollowI have been involved in the financial world for over 20 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on individual stocks come from stocks that are less-widely followed by the average investor or from stocks that may not accurately reflect the opportunities that currently exist in their markets.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any

Is NuScale Power the Next Nuclear Millionaire Maker -- and a Future Dividend Giant?
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Is NuScale Power the Next Nuclear Millionaire Maker -- and a Future Dividend Giant?

By Reuben Gregg Brewer – Feb 2, 2026 at 9:05PM ESTKey PointsNuScale Power is attempting to build a manufacturing business around small modular nuclear reactors.The company is still trying to finalize its first sale.Only after the first sale will NuScale Power be able to build out its business.NYSE: SMRNuScale PowerMarket Cap$4.9BToday's Changeangle-down(-6.09%) $1.06Current Price$16.41Price as of February 2, 2026 at 3:58 PM ETNuScale Power's goal is to be a manufacturer, but there's still a lot of work to be done.NuScale Power (SMR 6.09%) is, at its core, a manufacturing business. It is also a nuclear power stock, since what it plans to build are small modular nuclear reactors (SMRs). Given the nuclear power renaissance currently taking shape, there is a big opportunity for NuScale Power to seize. And the company still has to make its first sale. Industrials pay dividends Wall Street has put NuScale Power into the nuclear energy investment bucket, which isn't wrong. After all, the company is attempting to build a business around SMRs. However, SMRs are a lot different from large, site-built nuclear power plants. SMRs are built in factories so they can benefit from the efficiencies generated from scale production. At its core, NuScale Power is really an industrial manufacturer. Or at least that is what it hopes to be when it finally inks its first sale. Image source: Getty Images. Industrial stocks often pay dividends. And if the nuclear power renaissance is enough for NuScale Power to build a substantial business, it is highly likely that it would, one day, pay dividends, too. Such dividend payments, however, could be years away. NuScale Power is going to bleed red ink for a long time The problem is that NuScale Power has a reactor design, but no customers. It is working on a deal to sell six reactors to RoPower, a Romanian power company, but the final investment decision on that project hasn't been made yet. NuScale is also working with the Tennessee Vall