I was just doing research looking for information on a property company in Thailand, which led me to reading about politicians and then inspired a phone conversation with a friend about how much under the table money had to be paid just for an energy project in Thailand and then somehow led me to this “old” […]
Read More →So despite all this political rubbish, foreign investors selling the market, local investors have buying LTF’s taking advantage of the weakened equity market. The numbers are: Local investors have a net buy THB 1.18 bn in LTF’s this year Typically in the past 3 years of Jan-Mar, net sales of LTFs were THB 3 bn in […]
Read More →BJCHI DPS Bt2.40; XD May 5, on net profit of Bt1.21bn, a 52.16% increase YoY. It expects no less than 15% revenue growth this year, booking Bt1.7bn from its current backlog of Bt2.3bn. It will soon bid for projects in Australia and South America and get results on its Brazil bid. (Khao Hoon, 26/02/14) Comment: […]
Read More →FY2013 numbers are coming out fast and furious over the past week, and I’ll show the results of a few co’s that are relevent to the news we read about Thailand today. So here are the facts about travellers, even though we’ve had protests and continuous negative news in the media, traveller numbers to AOT’s airports […]
Read More →BJCHI Roadshow end-Feb — BJCHI is preparing for a roadshow for big local institutional investors on 27-28 February 2014, after they expressed interest in its overseas business. It expects to get a project of Bt2bn in Australia. Its current backlog is Bt5bn with gross margin of 40%. It will pay a DPS of Bt2.2. (Khao […]
Read More →So we wake up this morning only to read about deaths from attacks at rally sites in Trat and Rajadamri/Ratchaprasong. Sad, stupid, pathetic [insert your own adjective] Thailand. Our eyes now turn to Feb 27th which will have the ruling on the THB 2 trn bill and Yingluck answering charges on the rice pledging scheme (if she […]
Read More →Notable Transactions Buy(s) THB 7.7 mn n/a Sell(s) THB 156 mn ITD – A total of THB 145 mn sold off by management owners, interestingly NWR and SRICHA (both construction related firms) also had management sells
Read More →ADVANC TOT eyes new revenue from AIS pact – TOT Plc expects to earn revenue of at least Bt800mn a year from its network rental service once the state telecom enters a partnership with mobile leader Advanced Info Service (AIS). TOT chief executive Yongyuth Wattanasin said a one-year memorandum of understanding between the two parties […]
Read More →Dr. Mobius has been a long term investor in Thailand and almost always pops up with a commentary during times of turmoil here (which appears to be every 2 years ever since I begun working here in 2004). In this piece he covers the infrastructure bill, Thailand’s economic resilience, and below is his comments on […]
Read More →Thailand Taxes miss target during slowdown — Tax collection fell 3.8% short of target in the first four months of FY2014 due mainly to the tepid economy and effects from the political turbulence, says a Finance Ministry source. The ministry’s revenue figure is a fresh clue that the economy is faltering. (Bangkok Post, 14/02/14) Ministry […]
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