BAY’s card unit, Krungsri Consumer, mulls to cut card spending target after 1Q drops 12-13% yoy from shutdown. Comment: Two things….either 1) you will see an increase in loans/cash loans/credit cards because of people’s need for cash but this will be combined with weak payback or 2) No spending, further downside in consumer spending CHG […]
Read More →FOMO recovery rally continuessss. Now just imagine when 1Q #’s come out, yes earnings will look poor, same for 2Q, but all of Asia is up and running by then, Europe is opening up, and case numbers in the US drop and they start to open up…how long will those that sold wait to come […]
Read More →Notable Transactions Edit: Message from a friend states that the WHA transactions were due to inheritance Buy(s) THB 6.8 bn WHA – Boom! She’s taken a YUGE stake SUPER – He keeps buyinggg Sell(s) THB 3.3 bn WHA – Eh? So she had a sell in order to buy? This is odd..
Read More →Howard Marks – Which way now? https://www.oaktreecapital.com/docs/default-source/memos/which-way-now.pdf Go read it, pure common sense, will he be this generations investment god replacing buffet? If so does that lead to a generation of worriers vs dreamers? What should I do? That’s a question I’ve asked myself and been asked several times over the past 4 weeks. Investment […]
Read More →TMBAM Eastspring debacle rattles market : Two mutual funds with an investment strategy focusing on foreign debt were torpedoed by panic selling. Two fixed-income funds of TMBAM Eastspring were a catalyst igniting a major redemption in Thailand’s mutual fund industry, to the point where the selling spree nearly sparked a liquidity crunch. Bangkok Post TMB […]
Read More →BAM firms on plan to add Bt12b NPA & NPL this year, sees commercial banks already purged Bt20b NPL in the system YTD, pays Bt1.05 dps XD Apr 8. Comment: It helps being a government institution with access to these deals. Banthoon Lamsam stepped down as chairman of the board of KBANK yesterday. Comment: End […]
Read More →APCO upbeats 1Q earnings from strong sales of health supplements products as demand for immunity booster grows. MTC said DSI’s officials raided its offices on March 20, following complaints about its lending rates, yet no charge was files. MTC said it charges <28% annual loan rates, in compliance with BOT’s rules. Comment: Well they are […]
Read More →BCH sees solid 1Q20 on higher SSO patients, on track to open 90 beds new hospital in Sa Kaew, firms on 10-15% revenue growth target this year. Comment: Excl. BH and BDMS I think the rest of the hospitals are going to be ok. EPG said its unit in the US, Aeroflex USA, is operational […]
Read More →CPALL Share price has been weak, they’re part of the CP Funding vehicle to buy Tesco, but a share buy back is underway tomorrow. More interesting is the trend on twitter over the past month that the younger generation wants to avoid going to 7-11’s on Wednesday’s. I finally found an English article for this, https://prachatai.com/english/node/8399, […]
Read More →BAM to book Bt4b deferred tax asset (DTA) this year, after greenlight from Revenue Department. Comment: Well then, that’s what people have been waiting to hear CPALL expects strong positive SSSG carry into 2Q as most of 7-11 branches are stand-alone outlet, not affected from lockdown measures, government cash handout package likely to boost sales, […]
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