Energy/resources were finally a support for the market last week. But the main theme remains that foreign investors are still selling out of Thailand and the region as a whole. This week the only interesting thing is that the Ministry of Finance is meeting, however we doubt anything will happen except for further downgrades on […]
Read More →Notable transactions Buy(s) – THB 37.4mn Mint – Heinecke continues to purchase shares in his own company despite the 100% increase over the past 12 months. People I think have failed to realise that MINT is not just a thai business anymore with 1/3 of its ebitda coming from overseas markets today. Sell(s) –  THB […]
Read More →BBL: Expects good 2Q13 earnings. BBL is forecasted to report good earnings of over Bt10b in 2Q13 (up 15-18% yoy). Key drivers will be a pick-up in loan growth, stable NIM, strong fee momentum (backed by wealth management and bancassuarnce) and stable credit costs. (Source: BBL) Comment: Every bank will have a good 1H13 but […]
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