ThaiCapitalist Commentary
Thailand Technical recession ‘unlikely’ – The economy is not expected to enter a technical recession since economic activity picked up in the second quarter compared with the first quarter’s dismal growth, says a senior Bank of Thailand official. (Bangkok Post, 20/06/14) Foreign chambers hold talks with Prayuth – The Joint Foreign Chambers of Commerce in […]
Read More →AAV AAV’s bookings down 15% due to the coup. The CEO says the airline has seen a significant decline in Chinese clients, but domestic traffic continues to support operations. Khon Kaen, Nakorn Panom, and Naratiwat flights have a load factor of 90%. It will control costs and postpone client base expansion to handle the drop […]
Read More →PTG Energy Plc, the operator of the PT petrol station chain and the sixth-biggest fuel retailer in the country, made its debut on the Stock Exchange of Thailand in May 2013. Chief executive Pitak Ratchakitprakarn discusses the company’s outlook and strategy. PT Max Card members receive SMS alerts when fuel prices are about to rise […]
Read More →An insightful Op-Ed by Mr. Weiss over at The Huffington Post LONDON–In the 1950s and ’60s, when Thailand experienced the bulk of its 19 military coups, a dark joke circulated through the market stalls of Bangkok that the country had three political parties — the army, the navy, and the air force. Last month, it […]
Read More →BGH Issuing bonds — BGH will issue unspecified currency convertible bond worth no more than Bt10bn with a tenure of ~5 years. The company will use the cash to fund investments. (SET, 19/06/14) Comment: Why?! They are net cash, why would the company bother to do this, wouldn’t a normal bank loan be cheaper? Nuts […]
Read More →ITD/CK/STEC/UNIQ Bidding in e-auction for SRT work — The four lead contractors, ITD, CK, STEC and UNIQ, will move ahead to bid in the e-auction for the dual track railway line Chachoengsao-Klongsipgao after the SRT confirmed that the Tipakorn and China Harbor partnership is legal. The price is expected to be set June 23. (Khao […]
Read More →According to the local news (will post source later), the National Council for Peace and Order (NCPO) is ordering the NBTC to put the following 4 projects on hold. The auctions of 1800MHz and 900MHz spectrums in August and November Universal Service obligation (USO) project The plan to give away cash coupons to subsidise set top […]
Read More →With rice payments completed the next steps are fairly straightforward NPL’s will decrease – Yay for finco’s Motorcycle sales will increase – Yay for motorcycle manufacturers/suppliers/leasing co’s Sales of White Goods will increase – Yay for retailers/finco’s Agricultural machinery sales will increase – Yay for manufacturers/suppliers/leasing BAAC president Luck Wajananawat said the bank had distributed […]
Read More →With the market performing fantastically on a YTD basis and not to badly on a 12 month basis either versus the rest of the region. Now this article from Bloomberg explains quite clearly why market declines in the SET have recovered quickly, local institutions have cash, lots of it, not just the SSO but every Asset […]
Read More →AAV Thai AirAsia X: Maiden flight to Korea today. CEO says it has a load factor of 100% and 80% of them booked three months age. It will begin flights to Tokyo and Osaka early next month and is confident that the Thai political scene is not a problem. (Khao Hoon, 17/06/14) Comment: AAV – […]
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