How’s the world doing?
Have a look @ Alcoa’s latest numbers from their 1Q14 Investor Presentation – from our side we think things are looking just fine. Source: Alcoa
Read More →Category: Commentary
ThaiCapitalist Commentary
Stocks in the news (cimbt, cpall, iec, scc, seafco, sirip, tisco, uniq) 09.04.14
CIMBT CIMBT focuses on investment – First-quarter retail deposit growth at CIMB Thai Bank (CIMBT) was flat year-on-year, reinforcing signs of a tepid economy and a drying up of individual liquidity. Given the lower deposit growth target, CIMBT has focused on investment products including debentures, derivatives and fixed-income and equity funds. It plans to mobilize […]
Read More →Sector Update 31/03 – 04/04
Apparently there were some rallies over the weekend, I didn’t see any, anyone else did? Basically Thailand is now on holiday until the 21st April, there’s going to be basically zero action in the markets, so everyone enjoy the holidays.
Read More →Stocks in the news (aot, gunkul, ichi, ktb, pttep, ptt) 08.04.14
AOT Management expects 2014 passenger growth of 7.35%, down from prior estimate of 10%due to the slowed economy, political situation and lower Chinese tourism.(Khao Sod, 08/04/14) Comment: This silly country will still continue to perform well regardless of all the rubbish it creates for itself. GUNKUL GUNKUL continues to install solar rooftop after bidding for […]
Read More →Management Trades 31/03 – 04/04
Notable Transactions Buy(s) GEL – A turnaround story if the company receives new civil construction works. Perhaps the Chairman of the ExCom knows something if he buys nearly THB 70 mn worth of shares Sell(s) BGH – A major sell by K. Wichai (however he did just receive a transfer of 50 mn shares)
Read More →What is Chakri day?
The Thai market is closed today because of Chakri Day yesterday. So what is Chakri Day? Chakri Day commemorates the founding of the Chakri Dynasty in 1782 by King Rama I. In the new capital city of Bangkok, King Rama I built the Grand Palace that now houses the Emerald Buddha. In addition, he helped […]
Read More →Random Thoughts: Thai politicians putting their body on the lines!
What the hell, I go to Singapore for 2 nights earlier in the week for a conference and I come back seeing this VS Was there a grudge match that I missed? By the look of the images Yingluck must have delivered a muay thai kick breaking Abhisit’s arm, oh how this drama filled political […]
Read More →Random Thoughts: Ze Germans are coming!
So the automotive industry in Thailand is dying? Well the largest automotive car maker in Europe, Volkswagen, has recently applied to set up its first plant in Thailnd under the government scheme that requires car makers to invest at least THB 6.5 bn and that annual production must reach 100,000 cars in the fourth year […]
Read More →What happened this week 31/03 – 04/04
Thailand Thailand’s manufacturing production index (MPI) shrank 4.4% YoY in February, the 11th straight monthly contraction. The body will cut its 2014 GDP forecast to 2-2.5% from 3-4%. (Krungtep Thurakit, 29/03/14) Politics plagues BoI applications, dropping by over 50%. It hopes to be able to get a new board after the Songkran holiday, hoping a […]
Read More →Stocks in the news (cpn, delta, dcon, kbank, ps, rml, ticon) 04.04.14
CPN CPN will invest more than Bt50mn in digital platform and release a new CentralWorld App targeted at the new generation. CPN hopes the new app will help push sales up in 2Q and 3Q. (Khao Hoon, 04/04/14) DELTA DELTA to focus on the ASEAN market. It says performance in 1Q14 was very good, with […]
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