HEMRAJ HEMRAJ aims land sales of 1,600 rai and invest Bt6bn in 2014. It will launch the 7th industrial park, Hemaraj Chonburi 2, in 4Q14. It views the political situation as an opportunity to buy cheap land. (Khao Hoon, 24/1/14) Comment: Still the best company around, if the stock price drops enough as a function […]
Read More →This is a question we get posed every year regarding our thoughts on the economy, the markets, which sectors are good/bad etc etc and while we make the necessary presentations with pretty powerpoint slides and insightful graphs, after being in this business for the past 8 years the best answer I can give is I don’t […]
Read More →CPN CPN invests Bt50mn in “CPN the Great Chinese New Year 2014” campaign. It hopes to stimulate consumption and aims shoppers growing 10-20%. (Khao Hoon, 23/1/14) Comment: This company has grown with Thailand’s upcountry growth in the past few years, I can’t really believe rumours that they are supporting the protests at all. GLAND GLAND […]
Read More →The clever fellow that is Vincent Fernando over @ Religare put out his latest paper tracking ASEAN earnings, he states that “Thai 2014 earnings have been cut 6.1% over the last 6 months, but further cuts are likely. It appears as if 2014 numbers have yet to be cut in response to the worsening political […]
Read More →Last month Toyota said that they would be investing more into Indonesia for certain models, this despite an awful infrastructure system, and now Malaysia is looking for more investments from the auto sector as well. So will Thailand see less investment going forward? What impact will this have on SAT, TRU, STANLY and IHL on […]
Read More →AOT No infrastructure fund — AOT denies the rumor that it is going to set up an infrastructure fund. It says that AOT’s financials are sound with cash on hand of Bt40bn and profit of Bt11bn annually. Revenue this year is expected to grow by 10% and earnings for 1Q14 will hit Bt3.3bn. (Khao Hoon, […]
Read More →Last night the Government announced a State of Emergency, our first thoughts, other than being a bit more worried about violence, is what happenend to the market last time? The market had dropped just over -3% that day, the market backdrop is slightly different in that during 2010 the market was still rallying from the […]
Read More →AOT To set up infrastructure fund — AOT will set up an infrastructure fund worth Bt60bn to build a new passenger terminal for Suvanabhumi Phase 2 and renovate and improve Don Muang and Phuket airports to prepare for an increase in the number of tourists. (Khao Hoon, 21/01/14) Comment: We heard about this idea over the weekend, […]
Read More →Looks like the bidding begins by Sept ’14, ADVANC and DTAC are in good financial shape to be able to pay for this, TRUE has launched its TRUEGIF but it’s still bleeding cash from its marketing campaigns, at the end of the day ADVANC is still going to be the market leader. True Move and […]
Read More →This news article was emailed around by brokers yesterday that Thailand’s risk of default has increased, ok let’s sit back and take this all with a grain of salt, Thailand is a long way away from being a default risk, ample reserves are being held by the BOT, debt-to-GDP levels are still more than manageable, […]
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