GSB denied report that it’s paying Bt2b for 48.59% stake in AMANAH. Comment: That rumour was quickly dispelled within the day, next name is SAWAD – which hasn’t issued a press release denying the rumours. If so SAWAD may get into MTC’s business – motorbikes. AP may report 115-128% growth in 3Q NP to Bt1,330m […]

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Government Saving Bank (GSB) to buy 48.59% stake in AMANAH from IBANK in a Bt2b deal, while playing down a JV with SAWAD in car title loan business due to high capital requirement and may endure up to 5 years of losses, Tabloid. Comment: GSB are idiots. Amanah has no network, no franchise name, it’s […]

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Earnings are coming out and guess what? Generally everything is great QoQ! (though ex rubber players, absolutely rubbish YoY). This week we have: 1) The US elections…this will be amusing, I have bets on Trump. 2) Thailand’s anti-monopoly org will have a decision re CP’s Tesco acquisition…I have bets they’ll use their archaic system and […]

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Notable Transactions Buy(s) THB 84 mn NEWS – The Vicechairman of the BoD takes a larger stake in the co. Sell(s) THB 3.2 bn KBANK – A family member dumps shares. At these levels… STARK – This is a weird company, high market cap, not much activity, but a block sale still occurred…

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