So a quick summary: SET profit was -53% YoY, -42% QoQ This was effectively driven by resources (specifically the energy sector) Agro & food was the only industry to grow YoY and QoQ Agri business, electronics, Packaging, Paper & machinery, personal products were the sectors that grew YoY and QoQ. 90/733 companies (SET & MAI) […]

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For Thailand here are the key changes: MSCI THAILAND INDEX Additions ASSET WORLD CORP (AWC) BANGKOK COMM ASSET MGT (BAM) KRUNGTHAI CARD (KTC) Deletions BANPU MSCI Small Cap Additions: BANPU Deletions: ANAN, BEAUTY, BEC, ERW, GGC, ITD, LPN, PLAT, PSL, GLOBAL, SVI, TTA, U, UNIQ, UV, WORK Sources: https://app2.msci.com/eqb/gimi/stdindex/MSCI_May20_STPublicList.pdf https://app2.msci.com/eqb/gimi/smallcap/MSCI_May20_SCPublicList.pdf

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Note: 2 weeks worth of rambling here Models There’s been a lot of chatter online, especially in the US and Europe regarding the forecasting of the wuhan-virus and the changes in forecasts on infections/deaths. Having built more than enough financial models in my career attempting to forecast the potential revenues/cashflows/profits etc of a company/industry my […]

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Managing Director, Mr. Witoon Suewatanakul discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: Please explain GGC’s business model. GGC’s aspiration is to become a leading Green Chemical Company. Being a listed company on the Stock Exchange of Thailand since 2017, GGC has embarked on investing in our products and […]

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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 […]

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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, […]

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FY19 figures were due as of end of Feb, and yes, this may not be the most important post at the moment, however one should still keep things in perspective. Table 1: Sectors financial performance Comments: SET profits were -7% for 2019, +37% in 4Q19. 13/27 (48%) sectors had a positive growth in 2019, 15/27 […]

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BBL shareholders approve the acquisition of PT Bank Permata TBK  It’s going ahead – Shareholders have approved approved its plan to acquire all the shares in PT Bank Permata Tbk (BNLI). The deal is now expected to close in 2020 after BBL completes the transaction with Standard Chartered and PT Astra to acquire their combined 89.12% […]

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AOT: AOT released their latest flight/passenger figures last week, and things look awful with passengers -28% for the first week of Feb, expect for this rate of change to increase for the rest of the month. The first step they’ve done to counter the drop is to reduce the landing fee and now there’s news […]

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