ThaiCapitalist Commentary
And the roaring start to the year continues for the SET, up 8.2%, driven by resources, tech (read telcos) and financials. Earnings last year were so-so @ best given the multiple write-offs by the resources sector, insurance seems to be suffering this year along with the MAI index still down -3.7%. Now we wonder aloud…with […]
Read More →Notable Transactions Buy(s) THB 598 mn BIG – Some THB 160 mn bought by the two founders, a block purchase perhaps? BA – And he continues to buy and buy and buy BROOK – Hmmm BROOK … hmmm SPALI – Typically whenever you see this family buying back their shares in SPALI, implies a very […]
Read More →The ECB is following the route of Japan with the latest announcement this week of continuous easing by lowering the deposit facility rate by another 10 bps to -0.4%, the main refinancing rate was cut to zero, quantitative easing was raised to EUR80bn/month with effect from next month and corporate bonds are now included. In addition, […]
Read More →Ministry of Finance to open free trade for gold and jewelry – The Fiscal Policy Office (FPO) will study this. The idea is to position Thailand as a jewelry hub. (Thai Post, 7/3/16) More help on way for farm sector — The government will introduce a new stimulus package aimed at spurring the grassroots economy […]
Read More →Kingsmen CMTI designed for success Kingsmen CMTI Plc (K) is a retail and corporate interior design company that listed on the Market for Alternative Investment in December 2015. Chief executive Chayawat Pisessith discusses the company’s strategy and outlook. Chayawat: Booming retail a boon to firm Please explain K’s history and business The company was founded in […]
Read More →AS AS expects a turnaround in 2016 after a business restructure. It sets revenue target growth 30% which mainly from smartphone market. (Kao Hoon, 11/03/16) Comment: I’ve always liked management here but their industry has been turned upside down by the advent of smartphone technology and they’ve been incredibly slow to keep up with the […]
Read More →ADVANC AIS asked to review plan to use Jas spectrum for its 2G customers — THE NATIONAL Broadcasting and Telecommunications Commission (NBTC) yesterday asked Advanced Info Service (AIS)to review its plan to protect its 2G subscribers in the part related to Jas Mobile Broadband (JASMBB),citing that the existing plan could not be allowed. (The Nation, […]
Read More →ADVANC ADVANC has budgeted Bt7bn to expand to fixed broadband and plans to be a big player within 3-5 years. It expects 2016 revenue to be close to 2015’s Bt156bn with EBITDA growth of 37- 38%. It guarantees a dividend of 100% of net profit. (Thun Hoon, 08/03/16) Comment: 1) I think the news meant […]
Read More →Bill Gross’ latest paper is out and as usual there are some great nuggets of information especially in this discussion in regards to negative yields and their impacts on bonds, funds, banks etc etc…here we still wonder aloud, if yields are negative does the good old fashion discount rate still matter? What readers should know […]
Read More →Notable Transactions Buy(s) THB 639 mn BA – And he continues to buy and buy and buy, this time 400 mn worth of shares SAWANG – Just a share swap amongst the family members IFEC – That’s quite an expensive way to support one’s stock price. Sell(s) THB 3.4 bn WHA – Block sale by […]
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