BBL BBL funds CTH with Bt4-bn loan deal, expects strong growth in lending demand from fast-developing sector — Bangkok Bank, which yesterday signed a Bt14bn loan agreement with Cable Thai Holding (CTH), is confident that lending demand from the cable- and satellite-television sector will now begin to flourish due to the development of broadband services. […]
Read More →Lovely op-ed from Soros regarding Europe and the Euro issue today, see below for more By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, […]
Read More →Foreign investment fund flow led the markets higher with the property sector starting things off with a gangbuster move of 4% in the first week of trading. Going forward we have the MPC meeting, tha thai cabinet deciding upon the contracct signging for the Red Line project and a possibility of the ECB cutting rates. […]
Read More →BEAUTY – Expects 2013 revenue growth of 20% — BEAUTY expects 2013 revenue to grow 20%YoY with gross margin of 70–71%. The company plans to invest Bt250mn to expand to 180 stores. It also plans to sell franchises in Laos and Vietnam, expecting to conclude this 1Q13. (Khao Hoon, 08/01/2013) Comment: Great margins, this co is […]
Read More →Saw this on a paper from SocGen. Global markets have been on a roll since 2009 with essentially unlimited liquidity from the central banks around the world and for the first time last week, Bernanke hinted towards an end of QE3. I believe the below quote summarises the key outcomes best. ” WHEN WILL THE FED […]
Read More →Notable Transactions: Buy(s): THB 69 mn SIRI – Same story as for the past 6 months here VIBHA – There must be a story here as the same two individuals switched out of CMR into VIBHA Sell(s): THB 36 mn CMR – See above
Read More →From the front page of the economist, pictures say a thousand words. Source: The Economist
Read More →AOT – Passenger numbers grow 12% in 2012 — AOT reports that the number of passengers in 2012 have grew 12% to 74mn, with the number of international passengers increasing to 46mn, pushing the number of flights to 490,000. (Khao Hoon, 07/01/13) Comment: Tourism tourism tourism, AOT always had been a cheap stock, if only […]
Read More →Despite what people say, we think the impact of the village fund that Thaksin implemented years ago can already be seen with the growth in each and every region outside of Bangkok, the expansion of Tesco’s, BigC’s, 7-11s, motorcycle sales, pick-up sales, consumer goods and electronics in the past 10 years is evidence of it, […]
Read More →CPALL – Targets 13% sales growth in 2013 — CPALL targets 13% sales growth for 2013 and plans to add 550 more branches to achieve a total of 7,300 branches by the end of this year. In addition, the company plans to open one more distribution center in Samut Sakhon province this year. (Khao Hoon, […]
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