Here are my thoughts on the above names: Asian Insulators (AI): The recovery in their earnings over the past 3 years have been outstanding, +300% in 2012, +36% last year and 1Q14 was already up +30%. Chularat Hospital (CHG): Potential takeover target for BGH and still a decent performer in the hospital sector Dcon Products […]
Read More →Thailand Don’t delay reforms, says Moody’s – Deep political polarisation since 2006 is adding to structural challenges to Thailand’s competitiveness, and reform delays could eventually lower the sovereign credit profile, which has largely remained immune to the country’s political disturbances, warns Moody’s Investors Service. (Bangkok Post, 25/07/14) Household debt surges 16% in June, survey finds […]
Read More →CENTEL CENTEL maintain revenue target this year of Bt19bn, growth of 8-9% from last year. It is confident that occupancy rates in the second half will be better due to seasonality. It also expects to sign management contracts for 4-5 more hotels this year and invest Bt600mn to develop a hotel in Samui and Pattaya. […]
Read More →Leon Cooperman, he does what he loves, I’m envious of what he has achieved. Leon Cooperman is addicted to investing. The hedge fund manager’s stock-junkie lifestyle starts at 5:15 a.m. on weekdays, when he wakes up in the Short Hills, New Jersey, house he’s lived in for 36 years. He then drives to the Manhattan […]
Read More →BJCHI BJCHI waiting for bid results for work in Brazil and Australia worth Bt5.5bn. It is confident that it will receive the new work and that revenue this year will hit Bt4.5bn, supported by backlog of Bt4.4bn with Bt3.8bn to be booked this year. It said it will post Bt1.3bn in revenue in 3Q14. (Kao […]
Read More →Ticon is one of the few names to be in red today, down another 6% by mid-day, reasons being: ROJNA (its major shareholder and an Industrial Estate player) proposed to subscribe for all the remaining shares of 25.1 mn after the TSR’s were excised. (basically 25 mn warrants were unexercised) The purchase price will be […]
Read More →The key difference between the coup in 2006 and this one, is that the “leader” of the coup will maintain control until elections. In 2006 the military had passed on power to Surayud and others and thus were perhaps unable to push through every reform and agenda that they had. This time around Prayuth, things have […]
Read More →So Bloomberg has come out with a story saying the post-coup rally is over. Here are some quotes from a few strategists in Thailand. “We advised clients to begin reducing their holdings to lock in profit,” said Chaiyaporn Nompitakcharoen, a strategist at Bualuang who correctly predicted the market would rally in a May 26 report. […]
Read More →CPF CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14) Comment: CPF is continuing on their mission to […]
Read More →Back in May I posted this A few things to note: The SET has only been around since 1987 Looks like the 1st Quarter post a coup is great, 2nd quarter is rubbish With the market off some -1% as of writing some people are getting nervous (they haven’t seen a drop […]
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