Bombs around Bangkok
Right before going to sleep I receive a phone a call that part of Siam Commercial Bank was hit with grenades (see below) and other parts of Bangkok are experiencing bombings too…oh amazing thailand….
Read More →Category: Commentary
ThaiCapitalist Commentary
THB 729 bn BOI applications just waiting to get started
From the Bangkok Post: The sub-committee is empowered and authorised to consider and approve large-scale investment projects worth from 200 million baht to 750 million. It is also tasked with screening and proposing projects with values in excess of 750 million baht for the main board’s consideration and approval. So with the BOI reporting 291 […]
Read More →Stocks in the news (advanc, aot, centel, cpn, hmpro, irpc, kbank, kce, modern, psl, snc) 07.05.14
ADVANC ADVANC reports 1Q14 net profit of Bt9.48bn, -4.5% QoQ, because revenue decreased while amortization expense increased. It has now 26mn 3G subscribers. (Khao Hoon, 07/05/14) AOT Minimal impact from earthquake at Chiang Rai Airport — AOT says there was little damage to the Chiang Rai airport from the earthquake and operations are normal. The […]
Read More →Stocks in the news (advanc, bay, bkd, earth, fpi, ichi, kce, noble, ratch, tpoly, uac) 06.05.14
ADVANC AIS vows to ‘fight to the end’ to maintain pole position – Advanced Info Service (ADVANC) is pinning its hope on this year’s scheduled spectrum auction of four licenses to provide fourth generation mobile broadband service under a do-or-die strategy to maintain its leadership in the hyper-competitive market over the past two decades. (Bangkok […]
Read More →Sector Updates 28/04 – 02/05
The only thing on people’s minds are now how the Election Commission will progress during this time and how the court cases against Yingluck will unfold, we all know 1Q14 earnings will be awful for domestic related companies and most likely the same for 2Q14 as well.Â
Read More →Management Trades 28/04 – 02/05
Notable Transactions Buy(s) THB 34 mn P-FCB – Members of the board have bought back over THB 20 mn – at least they have only done this after the company announced a share buyback program for 10% of outstanding shares Sell(s) THB 109 mn SALEE – The chairman sells off THB 87mn worth of shares
Read More →Equity markets still have another year or 2 – GMO
Jeremy Grantham’s latest quarterly letter is out and this time he’s going through the statistical possibilities of how much further equity markets have to run, as always its a must-read. Enjoy! The bull market may come to an end any time, indeed as I write it may already have happened. It could be derailed by […]
Read More →1Q14 Earnings? Expectedly poor
So the facts: Excl. banks down -7% (ex PICNI its -23%) Brokers are suffering – no surprise 1H13 was a rockstar period Telco’s and electronic exporters look ok still Insurance co’s are minting $, will the rest of the sector follow SCSMG? Domestic consumption look so-so, HMPROÂ is ok, but BIGC is urgh
Read More →Driving Ferraris with the Thai Royalists
If you want to have an incredibly good laugh, watch this done by VICE on Thailand.
Read More →What happened this week 28/04 – 02/05
Thailand More stringent on tax collecting – Somchai Poolsavasdi, the Director General of Thai Customs Department, reveals that he set up a team to monitor tax collection in the rest of FY2014 after tax collection in the first 6 months in FY2014 missed target of 10%. He has ordered the team to increase collection efficiency […]
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