Day: February 20, 2024

5

Random Thoughts: SEA Cows

Thai CowsYou start with two cows.You payoff the government to create an oligopoly for raising cowsEventually you become prime minister promising free milkA military coup happens, you leave the country. your children continue to run the cow business Malaysian CowsYou start with Two cowsYou hire a Chinese businessman and keep 30% of the profits, just […]

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6

Stocks in the news (bem, ea, gpsc, nl, psh, threl) 20.02.24

BEM reported 5 tranches of bond total Bt5b sold out, 5.2x times covered, pays 3.07-4.05% p.a., will use proceed to refinance Blue line MRT project. Comment: Strong players are going to be perfectly fine. Look at that cost of financing, it’s peanuts. EA expects to wrap up big-lot EV orders by end of 1Q, target […]

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