ThaiCapitalist Commentary
Telecoms brought the market back up strongly along with a rally again in financials post their 2Q12 earnings short term sell off. Going forward except the same news revolving around a slowing European economy, China, US etc etc. What will be interesting is to see how the Energy sector performs this coming week with oil […]
Read More →The cabinet decided on Tuesday to keep value-added-tax (VAT)at seven per cent for the next two years, deferring the Finance Ministry’s proposed hike to nine per cent, and approved a four-point rehabilitation plan proposed by the National Economic and Social Development Board. I’m happy to see this happen for selfish reasons, in that the price […]
Read More →KBANK is mimicking SCB’s successful expansion into Investment Banking (3 years ago), I’m not too surprised by the move given both banks move from pure depositor-lenders to more universal banks and over the short-mid term I wouldn’t be surprised to see more deals happening in Thailand which could make for an exciting period in the market, then […]
Read More →Notable Transactions Buy: BLAND – I’m still trying to see what the story here is for BLAND, it could be a land sale, property fund, business expansion, not sure yet, but its obvious K. Anant has something planned. Sell: JMART – To see the the CEO and a director sell off a substantial portion of […]
Read More →The House of Representatives, at its special meeting on Wednesday, voted 272-1 to move 10 bills up to the top of the agenda, placing them ahead of the four reconciliation bills. Source: Bangkok Post Plenty of press over Yingluck’s government pushing the reconciliation bill further down the Things to do List for Thai parliament. This is short-term […]
Read More →Thailand’s economy still expanded in June but at a lower rate b/c of Europe but it was good to see domestic demand and tourism expanding stronger than most peoples expectations. Just quickly: Manufacturing – contracted by -9.89% Â (Europe) Consumption – PCI rose +4.4% Investments – PPI rose +18.3% (Auto industry mainly) EXIM – Exports declined […]
Read More →Last week saw the SET wobble slightly with profit taking seen in the Banking sector and weakness in the Agro & Food sector because of rising soft commodity prices. Going forward expect the usual, crappy growth out of Europe because of the austerity measures put in place 3-6 months ago, China slowing, and Thai corporate […]
Read More →Notable Transactions Buy: BLAND – I’ve stated many a time that K. Anant normally buys below 0.80 and sells above it, but over the past week he’s been accumulating shares in a strong way, and it doesn’t look to slowing down at all, BLAND may be worth a closer look at this point given how […]
Read More →It’s past midnight on Sunday and I can’t sleep, my mind is just racing through probabilities regarding the market, wondering if our scenarios regarding Europe are correct, if our investments ideas are correct, if our trading ideas are correct, I’m currently doing a quick n dirty quant screen (pe’s, div yields, pbv’s compare vs roe’s roa’s) just […]
Read More →Positives: ECB shouts from the rooftops saying that they’ll save the Euro China’s latest manufacturing index rises to 49.5 a 6 month high Thailand maintains it key policy rates at 3% Negatives: German IFO business confidence falls to lowest since Mar ’10 UK GDP in Q2 falls .7% q/o/q, down for 3rd straight quarter Euro […]
Read More →