BEM BEM believes it will win its bid to manage commercial area, beginning next year, for the Purple Line stations at Bang Yai – Tao Poon. The beginning of its operation for one additional connecting station on August 11 should boost ridership. (Kao Hoon, 7/8/2017) Comment: Basically yes, at least the government/BMA finally decided to […]

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Notable Transactions Buy(s) THB 88.5 mn PACE – Despite the one of the founders buying a stake, I’m still of the viewpoint that PACE is effectively bankrupt, unless they have new equity injection. Sell(s) THB 48.7 mn BAT-3K – The sale by major stakeholders to new shareholders

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Don’t know what to do today? Stop everything and just read this latest memo from Howard Marks The basic proposition is simple: Investors make the most and the safest money when they do things other people don’t want to do.  But when investors are unworried and glad to make risky investments (or worried but investing […]

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Revenue Department will propose sugar tax regulation to cabinet in August, to take effect on September 16. Producers will be given a two-year grace period. (Khao Hoon, 31/7/17) Credit Card business association says three-lender system very damaging. The Credit Card Business Association said that the BoT’s policies to curb credit cards and personal loans will […]

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ITEL ITEL won high-speed internet projects for 3920 villages worth Bt1.8bn. It expects to book some portion of revenue this year. (Khao Hoon, 3/8/17) SCCC SCCC board approved dividend of Bt6 per share with XD on August 17. The total dividend payment is Bt1.79bn. Though 2Q17 earnings were only Bt796mn, it believes the country’s cement […]

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A potential sudden increase in bond yields have been on my mind for a long time, and if you’ve been reading Bill Gross’s monthly commentary’s for the past few years it’s been the only topic on his mind as well. I can quite easily picture a scenario where yields in the US go up higher […]

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His August 2017 Commentary focuses on two key issues, productivity and liquidity. I’ve always thought that following capital flow is just as important if not more so than good old fashion company analysis because the majority of one’s returns are determined by the asset class/market/sector etc that one’s investment holding is in. Here’s my favourite […]

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CK CK gets a project worth Bt275mn. CK got the Srirat outer ring expressway project worth Bt275mn. This puts its backlog at Bt97.7bn. (Khao Hoon, 3/8/17) MACO MACO plans M&A deals both abroad and in Thailand. This is expected to be more clear in 4Q17. It plans to invest Bt150mn to change 30 LED boards. […]

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BEAUTY BEAUTY believes 2017 revenue growth would be more than 20%. It plans to continue expanding business abroad and in Thailand. (Khao Hoon, 2/8/17) Comment: The growth would now be determined on their ability to expand overseas, domestically its seems to have reached “peak beauty” ha…ha…ha…. BIG BIG to go into the photo printing business. […]

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