ThaiCapitalist Commentary
If you thought Thai politics was asinine, the yanks aren’t doing that much better, the ongoing fiscal cliff debate has only proven this. The markets reaction seems to be “wooo at least something got done” but thats akin to hearing a parent say “I take care of my children.” The wall street economists have come […]
Read More →A combination of LTF fund flow with continued positive news surrounding thai companies helped push the market to a strong finish for 2012. As evidenced the winners for the month were the Service sector and the Financials sector as both rebounded strongly. Going forward, valuations are still lofty for our liking but one still needs […]
Read More →AGE New coal mine ready to start up — AGE is ready to start operations of its coal mine in Tambon Nadee in Samutsakorn province and revenues are expected to be recognized immediately in the first quarter. The company is confident that revenues this year will reach Bt6bn from last year’s Bt4bn. (Khao Hoon, 03/01/13) […]
Read More →Notable Transactions Buy(s): ANAN, BGH, ERW, FNS, INOX, SAUCE, SIRI, STEC Total Amount: THB 1.77 bn Sells (s): HYDRO, IHL, LEE, PPC, SPCG, TUF Total Amount: THB 1.0 bn
Read More →Notable transactions: Buy(s) ERW – Major shareholders and directors bought an additional sizable stake in this, we’ve liked ERW for years, doing their own property fund is a similar story to TICON and CPN SAUCE – Big buy from one of the directors/family members, the company has been growing nicely for the past few years. Sell(s) AP […]
Read More →The market had a steady day until the last 30 mins, when the market shot up +1%. We presume mutual funds had to complete as much of their buying as possible before the last trading day of the year tomorrow. Fundamentals? Meh!
Read More →BTS BTS Ridership grows nicely in November — BTS reports high ridership at 566,048 passengers/day, +26% YoY in November. (Company) Comment: You still have to wait in queue just get on the damn thing in the morning! Essentially looking @ this via the infrastructure fund, easy for the co to hit THB 8/share next year. […]
Read More →Notable Transactions: Buy(s) BGH – A group of major shareholders/management/directors purchase over THB 45 mn ERW – A family member/director purchases a combination of the stock and the warrant TVD – The CEO purchases THB 16 mn Sell(s) EMC – K. Chanachai, a well known stock punter, offloads shares in his co IHL – A […]
Read More →EARTH Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of […]
Read More →The market continues to rally on the back of the US fiscal policy (although now its turning the other way) and continued fund flow from LTF’s. There’s not much more time left for the year and soon enough funds/research houses will begin to talk about the “January Effect”
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