ThaiCapitalist Commentary
Thailand Exports rebound, up 2.43% in Feb — Thailand’s exports in February rose 2.43% YoY to US$18.36bn, supported by growth in the shipment of industrial goods, the Commerce Ministry said on Wednesday. Exports were also up on January, when the value fell by 1.98% YoY to US$17.9bn. Imports in February totaled US$16.60bn, down 16.62%, for […]
Read More →BCP BCP lowers 2014 growth target to 6% – BCP has downgraded its revenue growth target from 10% to 6% this year due to political strife and economic slowdown. It has maintained production output at its Bangkok refinery at 94,000 barrels per day despite declining petrol consumption as products with high demand growth are the […]
Read More →The LTF investment scheme begun in 2002 by Thaksin which has essentially helped to bring more local funds into the market in Thailand. “LTFs are on the front burner when we talk with the Revenue Department. The association must make the department conform to the same view. Many people think such funds only benefit the […]
Read More →BAY BAY’s assets currently at Bt1tn. It expects loan growth of 9% YoY in 2014, made up of 40% big clients, 38% retail clients and 22% SME clients. (Khao Hoon, 27/03/14) BBL BBL expects loan growth of 5-6% YoY in 2014, if the Thai economy expands 3% YoY, assuming there is a working government. (Khao […]
Read More →BCP Bangchak’s solar sprint – The mostly state-owned oil refiner Bangchak Petroleum Plc says its third phase solar project in the Northeast is ready to feed power to the national grid one month ahead of schedule, signaling higher future revenue than expected. (Bangkok Post, 26/03/14) Comment: The only sunny thing in the entire energy sector […]
Read More →Wonderful short interview with Jeremy Grantham of money management firm GMO where he basically covers his thoughts on the Fed policy and the so called Bernanke-Put that has helped to keep asset prices high. I do keep my eye out for when/if rates may turn, for when/if the VIX may hit high levels again, for when/if Gold may decide to […]
Read More →Its reporting time from all the publicly listed companies in Thailand, with the quality of presentations available (meaning they are pretty damn good), its great finding out little tidbits of information like this one from Asiasoft Plc (AS). Who whould’ve thought that Thailand was only just behind Singapore in terms of daily spending on apps? […]
Read More →BECL BECL expects revenue growth of 5% YoY in 2014 after a rise of 2% YoY in toll collection in Jan and Feb. It is confident that highway traffic will expand in the rest of 2014. It also expects additional 10,000 cars per day after Asoke 3-1 highway opens. (Thun Hoon, 25/03/14) Comment: A good […]
Read More →Political news is back! Although it has never really left, we have fun times ahead as usual this week with the Democratrs decided whether or not to join the next election, the PM may still be kicked out by the NACC and more rallies, this time both yellow and reds, they should actually get together […]
Read More →Notable Transactions Buy(s) THB 45.6 mn EFORLÂ – This company does have a storied history, perhaps there’s something finally positive happening here? Sell(s) THB 46.8 mn CPF – A sell by of the main directors
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