Hello World I’m back! So 4 years after constant news mongering that Greece was dead, leaving the EU, on the edge of creating a brand new global finanical crisis they’ve returned to the market selling EUR3 bn five year bonds with a yield just under 4.9%. At one point their 10 year bonds (chart below) […]
Read More →OfficeMate Plc (OFM) is a distributor of office supplies that uses an omni-channel model and an e-commerce company managing the OfficeMate.co.th, Central.co.th and Robinson.co.th websites. OFM listed on the Market for Alternative Investment in 2010 and joined the SET in January 2013 after Central Retail Corporation (CRC) acquired a major stake in the business. Chief executive […]
Read More →Thailand World Bank estimates 2014 Thailand GDP growth at 3% YoY, with politics pressuring consumption and investment. If political situation eases, the global economy expansion will support exports. (ASTV Manager, 08/14/14) Ministry of Finance expects 2014 Thai economic growth of 2.6% YoY. At a meeting in Myanmar, it said that it does not expect the […]
Read More →ANAN Ananda scales back condo advertising – The SET-listed Ananda Development Plc (ANAN) has capped spending on marketing and advertising at 2.5% of sales, down from 4% last year, as the political turmoil looks set to dampen condo-buying sentiment throughout 2014. (Bangkok Post, 11/04/14) Comment: The pullback in advertising has been throughout all of Bangkok, […]
Read More →BAY BAY expects loan growth of 7-9% YoY in 2014 from 13.7% YoY in 2013. It cut its 2014 NPL target to 2.5% after 2.67% in 2013. It says the Japanese hold a 72% stake and the M&A process will be complete in 2014. (Khao Hoon, 10/04/14) Comment: Still decent numbers coming out of Thai […]
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