ThaiCapitalist Commentary
BAY Japan company wins bid for BAY — Japan’s Mitsubishi UFJ Financial Group Inc won the BAY’s bid from GE Capital International Holding Corporation. BAY will announce the official result to the SET on Dec 26, 2012. (Khao Hoon, 24/12/12) Comment: I can believe this story far more than any of the Malaysian bank rumours, […]
Read More →A few minor changes to the site in the past week, one we’ve added in a stock news rss feed that shows key news releases of publicly listed companies here in Thailand Secondly, given that the number of unique visits to this site has increased tremendously over the past 12 months (thank you all!), we’ve […]
Read More →Summary of the past week’s key events Positive(s) Thai Nov car exports exceed 100,000 units Japan held elections last weekend which saw the Liberal Democratic Party (LDP) come to power with an overwhelming victory. LDP’s Shinzo Abe is expected to replace prime minister Yoshihiko Noda and had campaigned promising more monetary and fiscal stimulus. BoJ […]
Read More →CK Sale of TTW stake gives huge one-time-gain; good news already priced in — CK’s Board of Directors approved the sale of 11% of its holding in TTW at Bt7.55/sh to BECL. This is subject to shareholders approval, with meeting scheduled on Feb 5th. Comment: It’s a Bt3.3bn transaction, CK will be left with 19% […]
Read More →Yesterday the cabinet came out with a new tax structure for individuals stating that personal income taxes will be lowered across all brackets. So what? 1. Government tax revenues continue to decrease – worrying although Thailand albeit still has low debt-GDP levels 2. Great for us individuals! But I still don’t understand why a flat […]
Read More →DNA To trade on MAI next week — DNA will trade on MAI on 21st December 2012. Management said the company’s strength lies in its strong leadership in the home entertainment – movie and music – business. The company currently has 1,432 branches and aims to take number one market share by using the money […]
Read More →Market had one helluva week with banks, services and prop leading the way, year end rally remains intact with the constant local fund flow and continued news regarding infrastructure plays.
Read More →Notable transactions Buy(s) INOX – This huge transaction by the Mahagitsiri family in INOX is related its initial agreement in Sept ’11 where they had a right to exercise a call option Sell(s) MFEC – Interesting, the President decides to offload THB 18 mn worth of shares, as a quick side note: the IT industry […]
Read More →Positives: US Initial Jobs Claims fall to 343k, 26k less than expected but Labor Dept uncertain on seasonal adjustment impact. Shanghai index goes BOOM and rallies 4.3% on the week to 4 month high. Chinese HSBC initial mfr’g PMI up slightly to 50.9 from 50.5. IP and Retail Sales rise at fastest pace since Mar. […]
Read More →In the paper yesterday there was more light shone upon the upcoming potential infrastructure funds in Thailand and they have listed a huge amount of businesses that take advantage of it… The SEC will allow two new types of businesses to raise funds through infrastructure funds: natural gas transport and oil pipelines, and information technology […]
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