Management Trades 10/06 – 14/06
Notable transactions Buy(s) THB 124.0 mn GFM – Looks like the transaction between family members is still continuing Sell(s) THB 81.3 mn GFM – See above
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ThaiCapitalist Commentary
Sector update 10/06 – 14/06
Last week was another wonderful ride down for the SET on the back of continued foreign selling, our analysis indicates that they have already sold back down to Feb ’12 levels so unless the Fed comes up with something unexcepted mid-week we’re under the impression that most of the selling is over. Cash is still a […]
Read More →SET semi-annual index review
Yesterday the SET announced its semi-annual review, see below for the list of changes SET50 index (SET50): 3 companies; – CENTRAL PLAZA HOTEL PCL. (CENTEL), CH. KARNCHANG PCL. (CK), SIAM GLOBAL HOUSE PCL. (GLOBAL) – will be added into its index constituents. There are also 11 additions in the SET100 index (SET100): DEMCO PCL (DEMCO), […]
Read More →Stocks in the news (bbl, nmg, tisco) 18.06.13
BBL: Asset quality remains sound in China and Vietnam. Despite the slowing economic growth in China and Vietnam, BBL said that its asset quality in both countries remains good. NPL stood at a low 1% of its loan in China and 2% in Vietnam. This is because their loans are geared towards real sector in […]
Read More →Stocks in the news (bec, nok? bair?) 17.06.13
Aviation: Nok shares to begin trading on Thursday; Bangkok Airways to float IPO shortly. Airlines are joining the trend of being listed on the Stock Exchange of Thailand in order to raise funds for business expansion. Nok Air, a low-cost carrier, and Bangkok Airways are the latest to pursue this option, while Asia Aviation (AAV), […]
Read More →What happened this week 10/06 to 14/06
Thailand Kittiratt hints at pledge ceiling price cut on heavy losses — The government is likely to cut the ceiling price for the rice pledging scheme following reports of potential heavy losses from the program for the previous three crops, Finance Minister Kittiratt Na Ranong sid yesterday. He hinted there is a possibility the pledging […]
Read More →Can Bernanke Avoid a Meltdown in the Bond Market?
This a great editorial from Jim O’Neill, the former head of Goldman Sachs Asset Mangement, the snippets below are what I found to be most interesting: A return to normality eventually implies a benchmark 10-year Treasury yield of 4 percent or more In recent years, the search for yield has gone wider and deeper. The resulting […]
Read More →Which investors are driving the market?
Today the SET had a wunderbar rally up 4.42% or 62 pts, however the rest of the region, while up as well looked relatively muted. So remembering that this week trigger funds (local asset management firms love to sell mutual funds that say once the fund hits an x.x% return the monies will be returned […]
Read More →Stocks in the news (bbl, ofm, tmb) 14.06.13
BBL: Maintains loan growth at 6% yoy in 2013. BBL expects GDP to grow 4% this year, lower than the earlier forecast of 5%. However, the bank still maintains its loan growth target at 6%, supported by resilient domestic demand, especially investment demand. According to the bank, it will be one of the major lenders […]
Read More →Stocks in the news (cpall, true) 13.06.13
CPALL CPALL greenlights Siam Makro takeover — CPALL shareholders approved the Bt189bn acquisition of Siam Makro in the country’s biggest ever takeover. Some 87% of shareholders who attended the meeting yesterday voted for the proposal, more than the 75% required. (Bangkok Post, 13/06/13)  Comment: No surprise here, great for CPALL as they need to Makro’s […]
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