Union Intraco gains face with expansion into cosmetics and personal care Union Intraco Plc (UIC) is a MAI-listed trader, developer and distributor of specialty chemicals. Chief executive Perajad Suwannapasri discusses the company’s outlook. Perajad: UIC looking for new opportunities What is UIC’s business model? 2014 is a year of change for UIC in terms of […]
Read More →Yesterday the junta/government decided to waive visa fee’s for 3 months as part of an attempt to revive tourism. What has happened since, every hotel stock (centel, mint, erw) performed well, most airline names (aav, thai, nok) have performed ok too. Now this isn’t the first time that Thailand has done something to boost tourism, […]
Read More →BTS BTS reveals passenger traffic growth of 4-5% YoY in 1QFY15, below the estimate of 7% YoY, because the government has adjusted the Thai school semester to be in line with AEC. The company is waiting for bidding to open for the Green Line and expects the NCPO to support all train line projects. (Kao […]
Read More →A wonderful op-ed over @ the FT (link below) where El-Erian discusses the relationship between investors and economists and arguably how economists aren’t necessarily the best sources of information when making investment decisions. Enjoy the read 🙂 Judging by past experience, economists are not well placed to make confident predictions about the risk of greater […]
Read More →AOT AOT: FY3Q14 earnings (Apr-Jun) will increase by 6% YoY supported by tax benefits and lower interest payments. It also said to watch for plans from the NCPO to stimulate the tourism sector. AOT said flights were full and low-cost airlines are supporting revenue. (Tun Hoon, 16/07/14) Comment: AOT will continue to benefit as it […]
Read More →Talks between the Finance Ministry and the Federation of Thai Capital Market Organizations (Fetco) over renewing tax deductions for investment in long-term equity fund (LTFs) remain inconclusive, making it likely the rule will be reduced or scrapped. Source: Bangkok Post LTF’s and RMFs had dramatically changed the Asset Management industry structure in Thailand since inception. […]
Read More →With Thai Bond yields and the Baht strengthening to 3.19% and 32.13 this morning, we had a quick look @ how much has been bought in the past 3 weeks. Basically we’ve seen (see charts below) foreign investors buy up some THB 15 bn in the past 3 weeks and in the same period the market […]
Read More →It’s monthly/quarterly paper time from all the major asset managers and Byron Wein of Blackstone should be on anyone’s reading list. In his latest “The Smartest Man in Europe” there are several interesting discussion points ranging from a new industrial revolution to Europe’s political weakness to viewpoints on specific emerging countries, all in all a […]
Read More →BLAND BLAND expects 2Q14 earnings to break a record high with gross profit of Bt7-8bn in the quarter, up 60% QoQ, after reversing provisions set earlier for a court case that has now expired; operating performance was also strong. Its book value is also expected to increase to Bt3.25/share supported by the rise in land […]
Read More →Banks are still driving this market, and with foreign investors returning to Thailand, see the baht and bond market strength in recent weeks, plus regionally as well, there is natural spillover into the local equity market. We still have the same scenario occuring here, a recovery of sorts across the board plus the promise of […]
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