GMO’s latest quarterly letter is out and as usual it is a must read with several points covering the markets, valuations, asset classes and outlook. Here’s a small tidbit below and a link to the letter. My personal fond hope and expectation is still for a market that runs deep into bubble territory (which starts, […]
Read More →AJD Management said the company can set up co-antenna in condominium to receive digital TV signals and expects this market to have a value of Bt1-1.5bn. The company will ask the NCPO to approve a new round of digital TV coupons. The company stands top in the set-top box market. (Thun Hoon, 18/11/14) Comment: I […]
Read More →The continued decrease in Thai exports doesn’t come as surprise for the following reasons: Soft commodity prices have declined (remember rice and rubber?) As a result of the 2011 floods, several manufacturers took their insurance payouts and shut down business Thailand’s major electronics export was Hard Disk Drives – Well we’re all one smart phones/tables/computer […]
Read More →CHOW CHOW says it is in the middle of talks with a new partner to expand into alternative energy business. Its solar farm in Japan has started operations and it expects to start booking revenue in 4Q14. (Thun Hoon, 17/11/14) CK CK reported 3Q14 net profit of Bt1.2bn after booking gains from sale of BMCL […]
Read More →Last week, foreign investors continued net buying in the Thai stock market for a 3rd day by +Bt73mn but returned to net selling bonds by -Bt707mn and continued net shorts in Index Futures for a 2nd day by 1,911 contracts. Today we major factor is the Thai 3Q14 GDP result, which Bloomberg consensus expects the […]
Read More →Earlier in the month we posted that WHA and HEMRAJ was the deal that never happened, now things have taking a new turn… What’s happened? Over the weekend there was news that WHA would purchase the stakes of the majority shareholders of Hemraj (15% of HEMRAJ’s outstanding shares) @ a price range of THB 4.60-THB […]
Read More →Notable Transactions Buy(s) THB 77mn N/A Sell(s) THB 422 mn BLAND – With the REIT finally listed plus the fact that they don’t have any other sizeable assets to sell, there isn’t any new catalyst for BLAND to move. BROOK – Brook, one of the oddest companies on the market that no one really trusts. EE- The […]
Read More →The past few weeks have been their usual hectic period with listed companies reporting their 3Q14 #’s, see below for a summary of how each sector performed on a reported net profit basis. A few comments: The overall performance for the the market was crap the SET & MAI were -4.7% YoY%, and -0.4% on […]
Read More →Thailand Deputy PM asks for faster budget disbursement – Gen. Prawit Wongsuwan, a Deputy Prime Minister, has expressed his concern over an incomplete distribution of the financial assistance to rice and rubber farmers, which might affect the efficiency of the government’s economic stimulus package. (NNT, 12/11/14) Public Debt to GDP – The PDMO has reported […]
Read More →BANPU Power plants, coal at core of new Banpu plan : Banpul Plc is preparing a new five-year business plan in preparation for the current plan ending in 2015, the company has revealed. (The Nation, 14/11/14) Comment: For banpu to become an attractive investment again one of two these two things have to happen 1) […]
Read More →