Notable Transactions Buy(s) GEL – A turnaround story if the company receives new civil construction works. Perhaps the Chairman of the ExCom knows something if he buys nearly THB 70 mn worth of shares Sell(s) BGH – A major sell by K. Wichai (however he did just receive a transfer of 50 mn shares)
Read More →The Thai market is closed today because of Chakri Day yesterday. So what is Chakri Day? Chakri Day commemorates the founding of the Chakri Dynasty in 1782 by King Rama I. In the new capital city of Bangkok, King Rama I built the Grand Palace that now houses the Emerald Buddha. In addition, he helped […]
Read More →What the hell, I go to Singapore for 2 nights earlier in the week for a conference and I come back seeing this VS Was there a grudge match that I missed? By the look of the images Yingluck must have delivered a muay thai kick breaking Abhisit’s arm, oh how this drama filled political […]
Read More →Rice prices have declined over 20% in 9 months because: Thailand has 12.8 million tonnes of rice in stock – a 1/3 of the total global export market In 2011 Thailand had only stockpiled 5.8 million tonnes Rice is a perishable good (something the government may have forgotten) and can’t just sit in a warehouse […]
Read More →So the automotive industry in Thailand is dying? Well the largest automotive car maker in Europe, Volkswagen, has recently applied to set up its first plant in Thailnd under the government scheme that requires car makers to invest at least THB 6.5 bn and that annual production must reach 100,000 cars in the fourth year […]
Read More →Thailand Thailand’s manufacturing production index (MPI) shrank 4.4% YoY in February, the 11th straight monthly contraction. The body will cut its 2014 GDP forecast to 2-2.5% from 3-4%. (Krungtep Thurakit, 29/03/14) Politics plagues BoI applications, dropping by over 50%. It hopes to be able to get a new board after the Songkran holiday, hoping a […]
Read More →CPN CPN will invest more than Bt50mn in digital platform and release a new CentralWorld App targeted at the new generation. CPN hopes the new app will help push sales up in 2Q and 3Q. (Khao Hoon, 04/04/14) DELTA DELTA to focus on the ASEAN market. It says performance in 1Q14 was very good, with […]
Read More →DTAC DTAC hopes to pay out dividend again at Bt1.60/unit in 1Q14 after clearing its accumulated losses of Bt15.9bn. It expects revenues for 1Q14 to touch Bt24bn with net profit at Bt2.85bn, and 2014 net profit estimated at Bt12.2bn. (Khao Hoon, 03/04/14) Comment: The dividend machine that is DTAC continues EASON EASON will be investing […]
Read More →AOT AOT to book final flood claim in 2014 — AOT says it will be receiving the remaining compensation for the flooding of Don Muang airport of Bt900mn from total of Bt1bn that it expects to book this year. Don Muang airport’s management reports more than Bt336mn charter flight booking in April. (Khao Hoon, 02/04/14) […]
Read More →AMATA AMATA says 1Q14 investment slowed due to political instability. It expects investment to return once calm is restored. It is negotiating with 7-8 foreign investors. (Khao Hoon, 01/04/14) Comment: Not much of a surprise here, but its good value still @ these prices. AOT AoT banks on ‘airport city’ plan to boost revenue – […]
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