Just saw this on biznews the other day. Now I’m not promoting this in anyway, but I’ll draw attention to the size of the IPO, its 44 mil shares @ THB 1.30/share, a massive amount @ THB 57.2 mn (yes i’m being sarcastic). Look its a small IPO, the stock price will most likely pop […]
Read More →Last week saw the SET bounce back strongly with global markets surging by better nonfarm payrolls than expected and a step down in the unemployment rate from 7.6% to 7.5%.
Read More →Notable transactions Buy(s): THB 471.5 PAE – Eh?! How did the MD manage to buy this amount of shares at such a discount to market, we’ve done 10-20% but 35%? PM – Interesting, despite the stock rallying strongly to this level, management still decides to purchase 50 mil baht worth TFD – Again I have […]
Read More →CPF CPF puts foreign projects on fast track to tap strong baht — CPF has accelerated its investment overseas with a series of new food projects to take advantage of cheap financing costs. Some projects to materialize this year include a chicken burger production unit in the UK and the launch of ready-to-eat meals production […]
Read More →Thai Economy: MPC prefers policy mix to handle baht — The Bank of Thailand’s Monetary Policy Committee (MPC) has agreed on the need for a timely implementation of appropriate policy mix, to manage the exchange rate. In a statement released today, the MPC said that the policy mix “as warranted by circumstances” will be implemented […]
Read More →AAV TAA sets goal of 60 planes — Thai Air Asia is taking its fleet enlargement program a step further with 60 jets now expected to be flying by 2017. Chief executive Tassapon confirmed the newly revised fleet size, an upgrade from the previous goal of 53 by 2016 and 48 before that. (Bangkok Post, […]
Read More →Key points are: Food prices pushed headline inflation to 2.42% Strengthening Thai Baht caused inflation to rise @ a slower pace In 4M13, headline inflation rate was @ 2.9%YoY The Commerce Ministry’s headline inflation forecast for the year remains @ 2.8% to 3.4% So all in all, inflation not an issue, well done BOT, if […]
Read More →Notable transactions Buy(s) THB 134 mn MAX – Chairman decides to buy THB 70 mn worth of shares, over 10% of the market cap, wonder what the story is with this steel co. NMG – Vice Chairman obviously believes in the digital story for NMG Sell(s) THB 746 mn BGH – Rare sale of shares […]
Read More →Market rebounded along with the rest of the world last week. The agro/food industry continued to be hit hard on the bird flu news and fears of the strengthening thai baht. Biggest winner thus far this month is the tech sector.
Read More →STEC Contract for new Parliament signed — The parliament and Sino-Thai Engineering and Construction Plc (STEC) have signed an agreement for construction of new parliament buildings alongside the Chao Phraya River in Kiak Kai area of Bangkok. The Bt12.2bn contract was signed by House secretary-general Suwijak Nakwacharachai and STEC president and executive director Pakpoom Srichamni. […]
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