Global rallying continuing, ECB’s promise to provide essentially unlimited amount of funding to European banks has the bears running scared and the bulls out in full force. Quite interesting to see the weaker dollar reaction to all this.
Read More →A new weekly post that we’ll start putting up here. We track daily the trades of management from public companies here in Thailand. Despite what people say, if we see management selling shares its a red flag, I don’t care if they publicly say its for personal reasons, 99/100 times it means that they think […]
Read More →Times are changing here in the land of smiles, with this recent development on the front page of Bloomberg this morning that a group wants to alter the lese majeste laws here in Thailand. Over the past few years too many different groups have used the lese-majeste law as a political tool against their enemies to […]
Read More →This government is proving to be fantastic for the stock market in Thailand, first with its plans to drop corporate income tax rates to 20% over the next few years and now this. The Stock Exchange of Thailand (SET) would be delighted if the Revenue Department waived dividend taxes, especially since this would boost sentiment […]
Read More →I touched on the fact that the government was trying to transfer the FIDF (Thailand’s loans from the ’97 asian financial crisis) from the government’s balance sheet to the Bank of Thailand’s balance sheet. And now there is a recent development, according to local news today the BOT Governor is exploring ways to make up […]
Read More →Latest thoughts from Ploy! happy reading! Updating the US Dollar index, after the index fell to the support as given last time, it has rebounded and slightly breached above the key barrier at 81.44 yesterday. Despite today’s volatility and the possibility that it may head down to test support at 80.10-79.80, the US Dollar index […]
Read More →My good friend Roger, who’s doing his PhD specifically on Myanmar recently wrote this paper on the developments there today. It’s a country that is going to grow extremely quickly, my only fear for them is that the government takes a short term viewpoint to the country’s future, although I’ve been assured by several parties […]
Read More →Cracking start to the year, first week, the market is up 1.1%, driven mainly by the resources sector (represents over 30% of the SET market cap), although Agriculture & Food industry had a strong first week as well. I’m not surprised to see the banking sector being hurt, because of the news from Europe (fyi […]
Read More →Originally published in the Bangkok Post 6th Jan 2012 Gunkul Engineering Plc was established on Aug 5, 1982 by Gunkul Dhumrongpiyawut as an importer and provider of electrical equipment in order to support the fast-growing Thai economy. It was listed on the Stock Exchange of Thailand on Aug 10, 2009, aiming to raise funds for […]
Read More →Well now, should we really be surprised that DTAC isn’t part of this latest roaming agreement with TOT plc? With the pressure that DTAC is unnecessarily placed under being called a “foreign company” which we all know it is as are several other multinationals corporations operating in Thailand. DTAC has already essentially wiped out their […]
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