ThaiCapitalist Commentary
AOT No infrastructure fund — AOT denies the rumor that it is going to set up an infrastructure fund. It says that AOT’s financials are sound with cash on hand of Bt40bn and profit of Bt11bn annually. Revenue this year is expected to grow by 10% and earnings for 1Q14 will hit Bt3.3bn. (Khao Hoon, […]
Read More →Last night the Government announced a State of Emergency, our first thoughts, other than being a bit more worried about violence, is what happenend to the market last time? The market had dropped just over -3% that day, the market backdrop is slightly different in that during 2010 the market was still rallying from the […]
Read More →AOT To set up infrastructure fund — AOT will set up an infrastructure fund worth Bt60bn to build a new passenger terminal for Suvanabhumi Phase 2 and renovate and improve Don Muang and Phuket airports to prepare for an increase in the number of tourists. (Khao Hoon, 21/01/14) Comment: We heard about this idea over the weekend, […]
Read More →Looks like the bidding begins by Sept ’14, ADVANC and DTAC are in good financial shape to be able to pay for this, TRUE has launched its TRUEGIF but it’s still bleeding cash from its marketing campaigns, at the end of the day ADVANC is still going to be the market leader. True Move and […]
Read More →This news article was emailed around by brokers yesterday that Thailand’s risk of default has increased, ok let’s sit back and take this all with a grain of salt, Thailand is a long way away from being a default risk, ample reserves are being held by the BOT, debt-to-GDP levels are still more than manageable, […]
Read More →Violence over the past week and the protests have continued to weigh on the market. Volumes for the SET have also been back to 2010-11 levels which means far less interest from all investors.
Read More →Overall management trades in the past week have been low yet again, are people still on holiday or do they still not see value? Notable Transactions Buy(s) THB 51 mn RS – The director buys THB 24mn Sell(s) THB 1.7mn N/a
Read More →CPF CPF has high-tech food productionwhich can produce safe food and none of its chicken farms have been found to have bird flu. It is ready to focus on exports. (Khao Hoon, 20/1/14) Comment : CPF has been in the news often recently DCC DCC will pay dividend at 100% of net profit (Bt0.95/)after it […]
Read More →Howard Marks of Oaktree Capital Management has come out with another must read memo, here he covers the role of luck, the effort of a team, and looking at inefficient markets, see below for excerpt and a link to the pdf At that point, an uncle pulled him aside and doled out some advice. “Jim, […]
Read More →Christiani & Nielsen (Thai) Plc (CNT) is a listed construction company operating in Thailand for 82 years, with more than 1,500 projects. Managing director Khushroo Kali Wadia discusses the company’s strategy and outlook. What is CNT’s business model? We are a pure construction company offering a wide range of services including the design and construction […]
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