ThaiCapitalist Commentary
So Bloomberg has come out with a story saying the post-coup rally is over. Here are some quotes from a few strategists in Thailand. “We advised clients to begin reducing their holdings to lock in profit,†said Chaiyaporn Nompitakcharoen, a strategist at Bualuang who correctly predicted the market would rally in a May 26 report. […]
Read More →CPF CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14) Comment: CPF is continuing on their mission to […]
Read More →Back in May I posted this A few things to note: The SET has only been around since 1987 Looks like the 1st Quarter post a coup is great, 2nd quarter is rubbish With the market off some -1% as of writing some people are getting nervous (they haven’t seen a drop […]
Read More →ADVANC ADVANC will invest Bt800mn into its Serenade clients by launching the “Serenade Emerald†privilege club. It expects this to help push its customer base to 2.3mn by the end of this year. (Kao Hoon, 22/007/14) AJD AJD to benefit from digital TV coupons, expected to be distributed by September 15th. Management expects set-top box […]
Read More →Key points of interest: Agriculture still in the doldrums overall on the back of lower soft commodity prices on a YoY basis Rice has increased dramatically, especially since the NCPO came in CLMV nearly @ 10% of total exports, on par with China/US/Japan/EU
Read More →I do keep my eye on potential risk factors for equity markets in general, low volatility + increased geopolitical risks do worry me slightly as risk premiums may rise on investments globally, but does this mean one should just shun all investments together? No I’ve learnt from the past that while the Bears make the […]
Read More →Fund inflows have continued to buoy the SET with banks leading the charge and telco’s taking a breather because of the NCPO’s decision to delay 4G bids for another year. Is there anything happening this week? Well big news for contractors as the draft for the infrastructure bill will be submitted tomorrow.
Read More →AYUD AYUD hunting for acquisitions – Investment company Sri Ayudhya Capital (AYUD) continues to  look for acquisition opportunities as it believes the coming insurance liberalization will force small insurers to seek strategic partners to reduce operating costs. (The Nation, 21/07/14) Comment: The insurance industry has been growing very well in the past decade and AYUD has […]
Read More →Notable Transactions Buy(s) THB 59mn PPS – Close to THB 40 mn bought the directors, could this engineering company benefit from upcoming government spending? Sell(s) THB 65 mn TPIPL – It’s upcoming capacity expansion (over the next 2 years) has led to the price increasing some 20-30% this year.
Read More →Jeremy Grantham of GMO is another must read quarterly letter, this time around he writes about the dreams of opportunities, cultural differences, the potential of the biggest M&A boom to come and how equity markets are still likely to do fine, even though he expects returns to be sub-par on a 7 year basis. Enjoy. […]
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