Market commentary on Thai stocks and the SET Index.
Last week was quite quiet in terms of management trade activities, have a look below for only 2 notable transactions Buy(s): IHL – A director buys Bt. 64 mn worth of shares in her co. Interhide is linked closely to the automotive industry here in Thailand supplying hides to several of the auto manufacturers. Sell(s): […]
Read More →Pico (Thailand) Plc (PICO) is a member of the worldwide network of Pico Far East Holding Limited, a world leader in the trade show and exhibition industry with 35 branches in 23 countries. CEO Silchai Kiatpapan discusses the company’s strategy and outlook. What is Pico’s business model? Starting 30 years ago, our group’s assets and […]
Read More →Two days ago the Ministry of Commerce announced the inflation figures for June 2012, +2.56% YoY up from 2.53% in May. Anything interesting? House and furnishing prices increased 0.28% MoM (function of an increase in construction materials, rental fees, water and electricity chargers) Food and beverage prices remained flat Going forward? We’ve mentioned continuously that […]
Read More →We should consider ourselves lucky in a way given that every major country in the world is experiencing a contraction in manufacturing activity whilst Thailand is recovering from the floods last year thus manufacturing activity here can only improve further on a YoY basis. The JPMorgan Global Manufacturing Purchasing Managers’ Index, a broad measure of manufacturing […]
Read More →Fairly interesting that both the SET and SEC have been in the news often the past few weeks with ideas on how to expand the SET Index further and bring in more investor flows to the local equity market. I do hope they will actually do something versus just saying they are thinking about expanding businesses. […]
Read More →Notable Transactions: Buys: Banpu – The company’s shares have fallen from its lofty perch of Bt. 792/share peak last night to Bt. 440/share today, looks like the President believes his shares have been unfairly punished Sells: TUF – A director sold off THB 37 mn worth of shares KBS & TSTE – Two sugar company owners […]
Read More →The Set Index continued its rallying throughout the month of June on the back of positive news from European governments and less “negative” news out of the US. This all despite even the decreasing PMI figure’s coming out of China and Europe. All in all we think that the market can keep going up all […]
Read More →The Thai market rallied last week towards the Greek election results in line with the rest of global market but again is driven by purely by headlines. As was the story in 2011 its the consumer related sectors and telecoms which are maintaining that markets levels due to the growth and dividend yields on offer, going forward expect similar […]
Read More →Market decided to rally strongly last week on the expectations of a positive Greece election outcome, going forward we expect to hear the following in the headlines: “Potential government forming in Greece”, “QE3 in the US”, and “Additional bailout funds for the Eurozone”
Read More →Notable Transactions: Buys: NMG – Several of the directors purchase stakes in the company SIRI – We’ve stated here many times already, he’s looking for his stock price to go up up b/c of cost slashing (hint hint: less siphoning) Sells: AQUA – I have no idea what this company does, can’t find out but […]
Read More →