Market commentary on Thai stocks and the SET Index.
Notable Transactions: Buys Nothing really much happening on this side at all last week. Perhaps the only notable transactions was by the SGP CEO. We’ve heard in the market that their 1Q12 earnings will be equivalent to the FY11 EPS because of inventory gains, not a reason for us to buy though. Sells BWG – […]
Read More →Ploy with her latest thoughts on the markets as per her charts, while she initially states that market may have further strength she does make a good point regarding the slowing foreign fund flow into the SET Index and that it may have a negative impact on the markets as its been the key reason […]
Read More →Another paper I was reading on the plane. Here Mr. Hendry touches on the massive problems in China with its own debt cycle, the fixed exchange rate system and how its affecting the world today and how his fund is positioned to profit from it. Fantastic read.. The Chinese buy in cash? Nonsense… Want a […]
Read More →Another fantastic quarterly letter from Mr. Grantham, I was reading this on the plane to and from Myanmar last week and he talks about his current asset allocation thoughts and how career risk plays a role in the investment industry today. For my team and I it really does explain the situation we are in […]
Read More →Notable Transactions Buys: PS – The Owner is making a public demonstration of faith in his company SGP – Chairman of the Exec Board bought THB 15 mil TUF – Father and son swapped shares
Read More →The SET continued its strength despite volatility coming from Europe. Government programs such as infrastructure spending and more importantly for stocks the decrease in corporate income tax rates from 30% to 23% are showing their impact this year with 1Q12 looking very strong again.
Read More →Market had continued to struggle to break above 1,200 last week but was kept afloat by massive bank results with KBANK posting +50% YoY and SCB +29% YoY improvement in earnings.
Read More →Notable Transactions: Buys: BGH again, from my understanding after talking with various market participants, K. Prasert wants to accumulate shares to ensure that he can still maintain shareholder control over the future of BGH Sells: TUF – the Chairman decides to a substantial amount of shares in the market PPC – Quite odd for directors […]
Read More →Ploy back with her latest thoughts, she pointed out something interesting that there has been little movement in the USD Index, oil prices, gold etc.. After last week’s rally, we thought everything was back on track. But, as it turned out yesterday, it is too early to celebrate the comeback of bullish market. Beside the […]
Read More →BCA had a recent comment on Thailand with the key points being: 1. No rationale for monetary easing in Thailand given inflationary pressures 2. Growth set to recover post-floods and substantial fiscal stimulus will ensure growth remains strong 3. Thai equity market is a Micro play not Macro and they recommend to underweight the market […]
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