The Stock Exchange of Thailand (SET) Index closed at 1,632.44 on Thursday, up 1.97 points or 0.12 per cent. Transactions totalled 63.50 billion baht with an index high of 1,634.44 and a low of 1,626.80.
The index rose after falling by 1.22 points or 0.07 per cent on Wednesday.
In the morning session, Krungsri Securities forecast the SET Index on Thursday would fall to between 1,620 and 1,625 points due to uncertainty over inflation after the US Consumer Price Index in October has risen by 6.2 per cent year on year, the highest in 30 years.
It added that the index would be under pressure due to falling oil price in response to the rise in US oil storage.
However, the index would rebound from mass buy ups of stocks that benefit from country reopening, as well as shares whose third-quarter profit is expected to grow, Krungsri Securities said.
The 10 stocks with the highest trade value today were COM7, KBANK, KCE, BDMS, BBL, TRUE, IVL, PTT, JMART and SCB.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 29,277.86, up 171.08 points or 0.59 per cent.
China’s Shanghai SE Composite closed at 3,532.79, up 40.32 points or 1.15 per cent, while the Shenzhen SE Component closed at 14,699.74, up 183.86 points or 1.27 per cent.
Hong Kong’s Hang Seng Index closed at 25,251.05, up 254.91 points or 1.02 per cent.
South Korea’s KOSPI Index closed at 2,924.92, down 5.25 points or 0.18 per cent.
Taiwan’s TAIEX Index closed at 17,452.52, down 107.13 points or 0.61 per cent.
Alongside the 26th United Nations Framework Convention on Climate Change (COP26) in Glasgow, Scotland, Thailand held the virtual “Climate Action Leader Forum 2021”.
At the COP26 parallel summit organised by Thailand, Charoen Pokphand (CP) Group’s CEO Supachai Chearavanont announced that his company was ready to become a “net-zero” organisation by 2030. Alongside the 26th United Nations Framework Convention on Climate Change (COP26) in Glasgow, Scotland, Thailand held the virtual “Climate Action Leader Forum 2021”. This forum brought together business leaders, state and private agencies as well as other institutions to share their visions on net-zero transformation and pursue the goal of keeping global temperature from rising above 1.5 degrees Celsius. At the forum, Supachai said the business and industry sectors were facing serious problems from climate change, which is also affecting food security for a rising population.
He said production waste and greenhouse gas emissions will continue rising, this unstoppable trend is forcing industries to become sustainable and move towards zero-emission options. He added that as a member of the UN Global Compact Lead, CP has set its goal to become a Zero Food Waste and Zero-Emission organisation by 2030. Supachai said the company has already put in motion preparations to achieve this goal, including creating new opportunities in the renewable energy industry. He said the CP Group’s business model has been adapted to a sustainable business model from many dimensions, both in retail and telecommunications, as well as business operations in 21 countries and economic zones. As for the agriculture industry, CP is working to introduce sustainability throughout the supply chain.
CP Group Joins Battle To Save Planet, Promises Zero Emissions by 2030
The CEO also said many businesses have come up with innovations that make manufacturing economical and more sustainable such as smart farming, automated production processes, use of renewable energy as well as the development of various platforms and solutions. The CEO said these innovations are a key resolution to this crisis. “We may be questioning what we do today as we have not seen clear results, but doing the right thing does not need to be evaluated with numbers. The way humans consume and use natural resources nowadays has created greenhouse gases and waste, all of which are not sustainable,” he said. “I believe there are opportunities in every crisis. In this climate change crisis, we have the opportunity to build sustainability to deal with the impact of climate change on the world. Therefore, the business sector should seriously invest, not just in renewable energy but also in other relevant technologies. We must continue to take responsibility for not emitting more emissions and continue improving ourselves to move towards the net-zero goal. The CP Group hopes to continue sharing lessons and successes in sustainable business development with relevant industries,” Supachai said. Noppadol Dej-Udom, CP’s chief sustainability officer, who was also at the forum, said all businesses under the CP Group have agreed to work together to help keep global temperatures from rising above 1.5 degrees Celsius. He said each business has implemented projects to reduce greenhouse gases throughout the production chain, from the acquisition of raw materials via precision technology and efficient use of fertilisers to turning waste into energy.
As a result, Noppadol said, CP Group’s total emissions are low compared to the global industry average. He put CP Group’s success down to five formulas created based on the CEO’s guidelines, namely: • Setting clear goals that help everybody understand that climate change is an important issue and that steps must be taken immediately to save the planet. • Reporting all details related to carbon emission to the public transparently. • Using market mechanisms as a motivation to reduce greenhouse gas emissions for businesses and consumers. • Applying technology and innovations to business operations, including the use of renewable energy, carbon capture and storage. • Boosting cooperation between sectors to jointly find solutions that will bring carbon emissions to net-zero.
According to the World Health Organisation, liver cancer has been the No 1 killer across the world for many years. In 2020 alone, up to 27,394 people in Thailand died from the disease and the number of new liver cancer patients is rising.
According to the World Health Organisation, liver cancer has been the No 1 killer across the world for many years. In 2020 alone, up to 27,394 people in Thailand died from the disease and the number of new liver cancer patients is rising.
This disease is a silent killer, as it shows no signs in the initial stages and many patients only seek treatment when it starts spreading.
The survival rate for this disease is low due to few treatment options. Hence, cooperation between government and private agencies is necessary to deal with this health crisis.
As a first step, Roche Thailand – a top investor in biotechnology research and development – is holding a seminar under its Life Talk Series II entitled “Mission to Conquer Liver Cancer: No 1 Disease that Killed many Thai People”.
This seminar is part of Roche’s 125th-anniversary celebrations and marks its 50 years in Thailand.
Several experts have been invited to share their ideas on tackling the crisis and expanding options for liver cancer treatment.
Farid Bidgoli, general manager of Roche Thailand, Myanmar, Cambodia and Laos, said the company was proud to celebrate this occasion with other Roche offices in over 100 countries by showcasing the company’s potential and excellence in medical technology to promote liver cancer treatment guidelines.
“Thailand was ranked fourth among countries with the most liver cancer patients [1]. In addition, the severity and loss due to liver cancer were similar to the Covid-19 crisis,” he said. “Hence, the company so far invested and promoted clinical research projects to deliver treatment options that will help Thai patients to have a better quality of life.”
He also said innovative options are required to help make treatment opportunities more available for this disease.
“The number of patients with liver cancer and breast cancer was higher than 20,000 people per year. But the number of breast cancer deaths was significantly lower due to the promotion of equality in treatment expenses [2],” he said. “In this regard, Roche Thailand would like to see liver cancer patients able to reach effective treatment in a bid to reduce losses at individual, social and national levels. We intend to cooperate with related government and private agencies to help liver cancer patients to get treatment, have a better quality of life and reduce their death rate.”
Roche Thailand brings together experts to find ways ‘to conquer liver cancer’
Hattaya “Ple” Wongkrachang, an actress who lost her husband Sarunyoo “Tua” Wongkrachang to liver cancer in 2020, said her late hubby gave up smoking and drinking after he was infected with Hepatitis B because he was worried it may cause liver cancer. At that time, she said, there was just a small mark on his liver.
“Two years ago, when he was admitted to hospital after losing his balance and slipping during a film shoot, doctors said his liver function was suspicious and that he was in the fourth stage of cancer,” she said.
Roche Thailand brings together experts to find ways ‘to conquer liver cancer’
Dr. Passakorn Wanchaijiraboon, assistant director of Prapokklao hospital’s Cancer Excellence Centre, offers the following advice to prevent liver cancer:
• Avoid drinking too much alcohol and eating high-fat foods to prevent a fatty liver.
• Refrain from sharing syringes, tattoo needles, razor blades, or nail clippers with others, including unprotected sex, to avoid Hepatitis B and C viruses.
• Avoid the consumption of processed or dried foods like roasted peanuts, dried shrimp and dried chillies that were stored improperly as they may contain aflatoxin, which can trigger liver cancer.
He added that people exposed to the abovementioned risky behaviour should get medically screened, receive treatment and obey doctors’ orders.
“Nowadays, liver cancer patients have more treatment options, such as immunotherapy which helps reduce the risk of developing severe side effects compared to chemotherapy,” he said. “As a doctor who takes care of liver cancer patients, I wish that effective treatment innovations will help improve patients’ quality of life and reduce death rate once they have been approved to be listed in the national essential medicines.
“Dr Rattaphon Triamwichanon, assistant secretary-general of the National Health Security Office (NHSO), said the government’s “Cancer Anywhere” project aims to make it easier for cancer patients to seek medical treatment by giving them the option of making appointments via a smartphone application.
“For liver cancer, the cost-effectiveness evaluation committee, which comprises NHSO, medical experts and private sector, will be responsible
for creating a national essential medicine list to help Thai people have access to their medical rights,” he said. “In the future, we hope Thai people will have the opportunity to access effective medical treatments which help reduce the risk of severe side effects.”
Bangpakok 9 International Hospital joins its partners to mark the 41st anniversary of Bangpakok-Piyavate Hospital Group and power ahead with its promise to take care of people at every stage of their lives.
Bangpakok 9 International Hospital joins its partners to mark the 41st anniversary of Bangpakok-Piyavate Hospital Group and power ahead with its promise to take care of people at every stage of their lives. To mark its 41 years in the healthcare business, the group launched the virtual Health Care Fair 2021 from November 5 to 9. The first seed of the Bangpakok Group was sown in 1981 when Dr Chareong Chandrakamol and Assoc Prof Bidhya Chandrakamol set up the Bangpakok Polyclinic. Now the group has grown to cover seven hospitals under the Bangpakok and Piyavate brands that are fully equipped to provide services to both Thai and foreign patients.
Dr Chareong, managing director of Bangpakok Hospital Group, said all affiliated hospitals in the group are committed to serving people through every stage of their lives. From birth, childhood, adolescence, adulthood to old age, the group has stood by every patient, he said. The Bangpakok 9 International Hospital is one of the hospitals in the group that provides the most up-to-date specialised services. Each of its medical centres is equipped with the latest technology as well as a team of specialists, professional nurses and medical personnel to provide care for patients of every age. As Dr Chareong says: “Every stage of your life is our priority.” The hospital has specialised centres for heart, gastrointestinal and liver complaints, paediatrics, general and endoscopic surgery, orthopaedics, rehabilitation, specialised medicine, obstetrics and gynaecology and reproductive medicine centre. Bangpakok 9 International Hospital also has a centre devoted to check-ups and the administration of vaccines. Since the arrival of the Covid-19 crisis, hospitals under the Bangpakok-Piyavate Group have been strictly adhering to virus prevention measures as well as providing services in line with the National Health Security Office (NHSO)’s directives.
Hospitals under the group have set up a special system to treat Covid-19 patients, be it in hospitals, hospitels or home isolation. Hospitals under the group have also been at the forefront of the Covid-19 vaccine rollout, offering both government vaccines and alternative jabs, to help achieve herd immunity in Thailand. On the occasion of the group’s 41st anniversary, the hospitals launched Health Care Fair 2021 from November 5 to 9 under the concept “Be Together Every Moment of Your Life”. As part of the fair, the hospitals offered packages and even launched an official store on the e-commerce platform, Shopee. The aim of offering packages and e-coupons online is to meet the needs of people in the “new normal” and give them convenient, efficient access to healthcare services. Suchaya Paleewong, senior marketing manager at Shopee Thailand, said she was delighted to help launch the Bangpakok 9 International Hospital’s store on Shopee in time for its 11.11 Big Sale. She said this cooperation will benefit every party, especially since consumers now prefer purchasing products and services online. Also, she said, Bangpakok 9 International Hospital will be able to make use of Shopee’s powerful online marketing tools to grow sustainably in the e-commerce world. Joining the online promotion are leading financial institutions like Siam Commercial Bank, TMB Bank Thanachart, Citibank, Bank of Ayudhya, Kasikorn Bank and Krungthai Card Company (KTC), which are offering special benefits to cardholders who buy health services. Also sponsoring the online venture are leading companies like Central, which offers special deals for its The1 cardholders, Nok Air, bedding providers Behouse, skincare brand Bebe Solution, Ezerra skincare, Kirei Kirei, Kodomo baby products, La Reina Maroc Hotel and Nature Corporation. Also joining the promotion are Polar Spray, makers of eucalyptus spray, Roche brand, underwear maker Sabina and herbal toothpaste provider Kolbadent. The Health Care Fair 2021 “Be Together Every Moment of Your Life, Marching to the 41st Year Together” included several activities under the “Smile Shop Share” campaign, which included “Watch Live, Might Win”, in which people stood to win up to 100,000 baht if they watched health talks conducted by specialists and guest personalities on Facebook Live! The fair also offered special surprises such as comprehensive health check-ups, buy-one-get-one-free deals for 3,500 baht as well as special discounts in more than 70 programmes at specialised medical centres. These deals can still be bought via https://bpkconnect.com/ecommerce, the Bangpakok_9Hospital store on Shopee and at the Bangpakok 9 International Hospital itself. Packages bought during the November 5-9 fair can be used until January 31. Every purchase of more than 3,000 baht comes with special gifts, while the top three big spenders stand to receive big prizes. As part of its “Heart of Care” policy, the hospital donates parts of the profits to plasma research funding for Covid-19. Visit www.bangpakokhospital.com, www.facebook.com/BPK9HOSPITAL, or call 1745 for more information.
Since the beginning of 2021, all eyes in the motorcycle sporting world have been on the historic handshake between Honda Racing Thailand and Carabao Dang which launched the Race to the Dream project.
Since the beginning of 2021, all eyes in the motorcycle sporting world have been on the historic handshake between Honda Racing Thailand and Carabao Dang which launched the Race to the Dream project. Carabao Dang has proved to be a highly successful global Thai brand with its famous energy drinks being present in more than 50 countries across Asia, Europe, the United States and Africa. Its water buffalo skull on a bright red circle logo is an identity to be reckoned with for world-class beverages. Its sponsorship of the English Football League (EFL) through the sponsored name, the Carabao Cup, has given the Thai brand and ‘The Fighting Spirit’ a global exposure, something that Thai people can be proud of.
Now, a new chapter in the company’s history is being made with Carabao Dang joining forces with Honda Racing Thailand in the Race to the Dream — turning the dreams of young motorbike racers hoping to win on the world’s circuits into reality. The collaboration has seen young Thai riders contesting in the MotoGP World Championship events.
Making a name for Thailand are racers like Somkiat “Gong” Chantra who is competing in the Moto2 class with the race number 35 and has chalked up a total of 37 points. Somkiat is due to take part in the next MotoGP event, the Portimao Grand Prix, scheduled for 5-7 November at the Algarve International Circuit in Portugal. Another aspiring young Thai racer, Thatchakorn “Kong” Buasri, powered his No.33 bike to 17th place at FIM CEV Moto3 Junior World Championship 2021, held at the Misano racetrack on 18 September.
Carabao Dang capitalises on motorsport, taking Thai racers dreams to the world
The rising star is due to contest in another two races on 20-21 November at the Circuit Ricardo Tormo in Valencia, Spain. On the local front, Carabao Dang has teamed up with Honda Racing Thailand in the OR BRIC Superbike 2021 competition by putting three leading Thai racers on the circuit. The team is led by Muklada “Muk” Saraphut, a robust female rider competing with the race number 44. She is joined by teammates Sittisak “Dream” Onchawieng, number 45, and Passawich “Champ” Thitiwararak, number 123. The team has competed in the Supersport 600cc class riding the Honda CBR 600RR. At the third race of OR BRIC Superbike 2021, held on 16-17 October, the lady racer created a great sensation by beating male riders to win the second place. That triumph has helped her to maintain second position on the championship table with a total of 56 points. She was followed by teammate Passawich in third position with a total of 47 points, while Sittisak, who took to the podium for the first time this year after taking third prize, ranked fifth with a total of 40 points.
Carabao Dang capitalises on motorsport, taking Thai racers dreams to the world
The trio have taken the team to the podium twice in three consecutive races which puts them in the leading position in the Supersport 600 cc. class. They are in a good position to win the annual championship in the last two races of the, scheduled for 11-12 December.
In conjunction with the Race to the Dream project, the Honda Thailand Talent Cup contest is held to form part of the OR BRIC Superbike 2021. This serves as the first entry or precursor to carry the dreams of Thai youths into world-class racing in the MotoGP competition, following in the footsteps of seniors such as Somkiat and Thatchakon. It is considered to be a very OR BRIC Superbike 2021 interesting development in both the local and worldwide motorsport scene.
Carabao Dang capitalises on motorsport, taking Thai racers dreams to the world
Let’s follow and encourage this great collaboration between two very big but different industries — Carabao Dang and Thailand’s No. 1 motorbike racing team Honda Racing Thailand — in the Race to the Dream project. Speed lovers can get updates on young Thai racers making their dreams come true with the driving force of Carabao Dang at: www.carabao.co.th
Thailand Convention & Exhibition Bureau (TCEB), together with The Association of Domestic Travel (ADT) and Association of Thai Travel Agents (ATTA).
Thailand Convention & Exhibition Bureau (TCEB), together with The Association of Domestic Travel (ADT) and Association of Thai Travel Agents (ATTA), have held a series of conferences in four north-eastern provinces to gear them up towards MICE businesses coming from China, Lao PDR and Vietnam. The GMS Logistics Business MICE Road Shows on the R3A-EEC route brought local entrepreneurs and executives together to discuss preparations for the incoming traffic of MICE, an acronym that stands for meetings, incentives, conferences and exhibitions. The road shows were held separately in Udon Thani, Nong Khai, Khon Kaen and Buriram provinces on 1-5 November.
TCEB, the public organisation, expects to see MICE traffic surging as a result of Thailand’s re-opening to international visitors on 1 November and the inauguration of China-Lao rapid train services on 2 December. The train, with the medium speed, will create more international travel connections among China, Laos PDR and Thailand to provide valuable contributions in terms of economy and tourism promotion to the kingdom, said TCEB Director Salanroj Sutaschuto. “There will be more MICE travellers who will here in Thailand for contacts, trade, investment, as well as attending meetings, seminars and conferences,” he said. These MICE travellers’ spending on trips is considerable more than typical tourists, thus contributing significantly to the Thai economy, he stated. “The arrivals of MICE visitors also boost the confidence on Thailand and showing the country’s capability in organising large-scale events in national and international levels.”
TCEB: Huge MICE opportunities from China-Lao train service Road shows prepare NE operators to Chinese influxThe launch of the China-Lao rapid train project is likely to spur massive travel of Chinese people, especially those of the MICE category, who will head to Nong Khai and the north-eastern region as well, Mr Salanroj added. In line with the government’s re-opening policy, TCEB is set to play its part in propelling the country’s MICE industry. TCEB will do so by means of accelerating communication about the potential and readiness of Thailand to support all MICE sectors from abroad. He pointed out that the China-Lao train services will offer a notable opportunity for the Thai MICE industry to tap more MICE traffic from the public and private sectors of China.
TCEB: Huge MICE opportunities from China-Lao train service Road shows prepare NE operators to Chinese influx
“With the train, it is convenient, fast, and costing less for them to come than by cars or by air.” The results of the road shows will be used in the GMS Logistic Tourism MICE & Trade Forum event to be held on 2-3 December, he added.
Meanwhile, ADT President Thanapol Cheewarattanaporn described the road shows as being very beneficial. The events were timed to enable parties concerned to prepare themselves to receive those arriving from the China-Lao trains. Each day, there will be a total of 18 train services, 14 of them for freight movements and four for passengers. Between 5,000 and 10,000 of these train passengers are expect to cross the borders to Nong Khai province.
The number of passengers on the train is projected to soar to 480,000 in 2025 and the economy likewise will be clearly enhanced, he said.
In the first half of 2021, Nong Khai province’s border trade value was amounted to more than 36 billion baht. Clearly, the inauguration of China-Lao rapid train service will benefit Thailand’s economy and tourism for it creating more economic activities.
The baht opened at 32.87 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.75.
The Thai currency is likely to move between 32.70 and 32.90 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted.
Poon said that the baht might fluctuate but could be strengthened by gold sell-offs and foreign investors interest in short-term bonds and Thai stocks that might drop after the Monetary Policy Committee expected the economic recovery to be better.
Moreover, Poon said that the dollar hit the highest level of the year as the market was concerned with inflation. He expected the dollar to drop in the short term except if the market find more risk factors such as the Covid-19 situation worsening in the winter.
Poon added that exporters might sell the dollar when it reaches 32.90 to 33.00 baht to the dollar.
Meanwhile, importers are waiting to buy the dollar when it reaches 32.50 to 32.60 baht to the dollar. Poon expected the baht to swing between 32.50 to 33.00.
The price of gold peaked by THB400 in morning trade on Thursday.
AGold Traders Association report at 9.27am said the buying price of a gold bar was THB28,600 per baht weight and selling price THB28,700, while the buying and selling price of gold ornaments is THB28,091.48 and THB29,200, respectively.
At close on Wednesday, the buying price of a gold bar was THB28,200 per baht weight and selling price THB28,300, while gold ornaments were THB27,697.32 and THB28,800, respectively.
The spot gold price on Thursday morning hovered around US$1,844 (THB60,585) per ounce after Comex gold at close on Wednesday surged by $17.5 to $1,848.3 per ounce due to support in buying gold as an inflation hedging asset after the US Consumer Price Index (CPI) rose to its highest level in more than 30 years.
Krungsri Securities forecast the Stock Exchange of Thailand (SET) Index on Thursday (November 11) would fall to between 1,620 and 1,625 points due to uncertainty over inflation after the US Consumer Price Index in October has risen by 6.2 per cent year on year, the highest in 30 years.
It added that the index would be under pressure due to falling oil price in response to the rise in US oil storage.
However, the index would rebound from mass buy ups of stocks that benefit from country reopening, as well as shares whose third-quarter profit is expected to grow, Krungsri Securities said.
It also recommended buying of the following companies’ shares as an investment strategy:
▪︎ AOT, AAV, BA, MINT, KBANK, SCB, CPN, CRC, HMPRO, CPALL, AMATA, WHA, BTS, BEM, VGI, BH and BDMS, which benefit from the country reopening. ▪︎ PSL and TTA, which benefit from rising freight rate.
Bitcoin hit another record high and is flirting with $69,000 for the first time after inflation data bolstered the argument that the cryptocurrency is a hedge against rising cost pressures.
The largest digital asset by market value rose as much as 1.9% to $68,991 on Wednesday, topping the previous high set late Monday in New York trading. Other coins also rose, with the Bloomberg Galaxy Crypto Index — which tracks major cryptos — gaining as much as 2.4% to its highest level since May.
The rise in the token can, at least partly, be explained through the fundamental argument — which has gained traction in recent months — that bitcoin can act as an inflation hedge. Crypto backers argue that, unlike dollars or any other traditional currency, the digital coin is designed to have a limited supply, so it can’t be devalued by a government or a central bank distributing too much of it.
“Bitcoin continues to enjoy the rally that began in August and accelerated through September and October,” said Sui Chung, chief executive of CF Benchmarks, a cryptocurrency benchmarks administrator. The latest leg of its rally began in anticipation of the October launch of a bitcoin-futures ETF, but “seems to now be fueled by the sustained inflation that we are witnessing across all the worlds major economies.”
Prices on everything from food to gas to housing have advanced faster and been stickier over the past few months than many economists had anticipated. U.S. consumer prices rose last month at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge.
Major Wall Street players have said they’ve bought the coin — or become interested in it — thanks to the inflationary-hedge thesis. Their case has been bolstered by the fact that gold, typically thought of as an inflation hedge, has underperformed in recent months while Bitcoin has advanced.
Still, others argue that it doesn’t have a long enough history to establish it can in fact act as an inflation hedge. Cam Harvey at Duke University has made that argument in the past, saying that theoretically, if investors come to regard it as similar to gold, bitcoin might hold its value over a very long term — as in a century or more. In his research on gold, he found that it has held its value well for millenniums. But he also found that it’s prone to manias and crashes over shorter periods.
Matt Maley, chief market strategist for Miller Tabak + Co., says that a lot of investors are looking at it as an inflation hedge, but he’s not convinced that it will work out well.
“I’m not saying it won’t — I just think gold has worked as an inflation hedge for centuries, so people should use gold in combination with bitcoin as a hedge,” he said.
The spot price of gold has dropped 1.8% this year, while Bitcoin has gained more than 130% in that span, according to data compiled by Bloomberg.
“People are looking for places to put their money,” JJ Kinahan, chief market strategist at TD Ameritrade, said by phone. But, he added, “it’s hard to say if it’s an inflation hedge or not because we haven’t lived through inflation with cryptocurrencies. It’s one of those things where everyone thinks it will be, but time will tell.”