ThaiCapitalist Commentary
S&P (rating agencies who believes them today?!) revised Thailand’s banking system upwards mid-week, but regardless it does finally demonstrate that Thailand has in fact improved a lot in the past 10 years despite the on going political rubbish. We revised our industry risk score for Thailand (foreign currency BBB+/Stable/A-2, local currency A-/Stable/A-2, axAA/axA-1) because, in […]
Read More →Notable Transactions Buy(s): BGH – The President is back to buying more shares in his co, another THB 100 mn BJC – Massive buying here by the family, THB 600 mn Sell(s): No one specific company sticks out but there were several sellers, if management/directors/owners are thinking its time to take some slight profit shouldn’t […]
Read More →Given the relative lack of news macro wise the Thai market continued to move upwards on the back of telco’s paying dividends + the 3G auction *likely* to happen in October this year. Going forward its the usual….slow econ growth out of Europe, China trying to balance out a slower growth path and the US […]
Read More →I’m not going to rant on thai politics, I prefer to sleep with a calm mind, but given the potential that the current government has on hand today to actually push through more policies, projects etc etc I’ve been disappointed by their performance thus far, then again no Thai government has impressed me since Thaksin’s […]
Read More →The National Economics and Social Development Board (NESDB) reported that the Thai 2Q12 GDP expanded +4.2YoY%, improving from the +0.4% YoY in 1Q12 and on a quarterly basis expanded +3.3% QoQ. Chart 1: Thailand quarterly & Annual GDP Growth YoY% Chart 2: Thailand’s Quarterly GDP Growth YoY% Key drivers appear to be: Consumption +5.9% Investments: […]
Read More →Interesting report from the Economist where it surveyed over 1,500 senior executives. Essentially the key points from the article are: Bearish viewpoint overall Europe’s biggest problem will be economic uncertainty More than 60% think the euro area will worsen over 6 months North America has a more positive outlook with Obama expected to beat Romney […]
Read More →Notable Transactions Buy(s): BLA – The Chairman of Bangkok Life Assurance buys THB 20 mn worth of shares BLAND – K. Anant continues to accumulate shares, watch this one closely Sell(s): PJW – A director offloads THB 100 mn baht worth of shares, but post sale the price still goes up 20% hmm. Other: BLS […]
Read More →With the lack of global central bank news to sway markets over the past week, the SET continued its rise upwards this year. The Industrials sector have been performing well this month on the back of continued improvement post the floods 4Q11 last year. Going forward with the European summer holidays over expect to begin […]
Read More →Positive(s): Thai Car exports in July were at a record high with 94,838 units Continuing the Draghi put rally, the Spanish IBEX trades higher each day this week and closes at 4 month high. It takes the Italian MIB index with it. Excluding commodities SET listed companies reported YoY Net profit growth of 32% Negative(s): […]
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