Management Trades 07/04 – 11/04
Notable Transactions Buy(s) EFORL – The chairman purchases THB 47.6 mn in this recent backdoor listing Sell(s) N/A
Read More →Month: April 2014
What is Songkran?
Have a great holiday, we’ll be back on Wednesday 🙂 The Songkran festival (Thai: สงกรานต์, pronounced [sǒŋ.krāːn], listen; from the Sanskrit word saṃkrānti,[1] or literally “astrological passage”) is celebrated in Thailand as the traditional New Year’s Day from 13 to 15 April. It coincides with the New Year of many calendars of South and Southeast […]
Read More →Stop doom mongering, this country is doing just fine
I have to keep reminding myself this time and time again about Thailand, since I’ve lived here I’ve seen bird flu, pig flu, tsunami, yellow/red/black/blue – basically every rainbow coloured shirt protest, coup d’etats, global financial crisis, capital controls, etc etc and yet this country still recovers, and going forward I still expect for Thailand […]
Read More →Dare to be great
Another wonderful memo from Howard Marks of Oaktree Capital There are a few points that I forced my whole team to adhere to: Most Great Investments begin in discomfort You have to give yourself a chance to fail You miss 100% of the shots you don’t take and see this snippet below that perfectly encompasses […]
Read More →Zeus is Back!
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 →Co Visit: Officemate Plc (OFM)
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 →What happened this week 07/04 – 11/04
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 →Stocks in the news (anan, aot, samart, gunkul, ivl, ptt, rml, sccc, svi, thai, tsf) 11.04.14
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 →Stocks in the news (bay, bbl, bcp, hemraj, hmpro, irpc, mbk, pttgc, siri) 10.04.14
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 […]
Read More →How’s the world doing?
Have a look @ Alcoa’s latest numbers from their 1Q14 Investor Presentation – from our side we think things are looking just fine. Source: Alcoa
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