ThaiCapitalist Commentary
Despite the fact that Dr. Doom hasn’t been the most accurate predictor of the equity market rallies, one still always has to look at the markets from both a bull and a bear perspective. Consider, first, that the previous QE rounds came at times of much lower equity valuations and earnings Moreover, fiscal support is […]
Read More →Fairly quiet week in terms of transactions, with only a big sell (THB 37mn) from a director of Preuksa Real Estate (PS)
Read More →Bank earnings are out and the sector had profit taking in the past week, same goes for telco’s post the 3G auction its been a sell on fact for most market participants. Combine all this with continued rubbish economic news out of Europe (its going to go on and on and on and on for […]
Read More →Just to give some perspective on whats happened…
Read More →Positives: Thai banks earnings continue to do well up on avg 20% thanks to more expansion in consumer banking Fed sits quietly this time US Q3 GDP grows 2% vs est of 1.8%, helped out by .6% contribution from defense spending. Consumption up by 2%. German consumer confidence rises to highest level since Oct ’07. […]
Read More →Normally one would only read about negative news regarding Thailand on CNN, how far things have come, with AIS being ranked amongst the top five stocks in Asia. Advanced Info Services: AIS is the largest telecom company in Thailand. Singapore Telecom, the region’s largest carrier, has a 23% stake in AIS. But I like AIS […]
Read More →The agriculture sector has made a good comeback this month, reason why? CPF mainly, it was oversold over the past 2 months b/c of commodity price issues (which have proven to be temp) and I’m hoping for it to continue 🙂 As for the market as a whole, flattish month but still up 0.7%, earnings […]
Read More →A quick summary of the week’s events Positive(s) US Sept Retail Sales rise more than expected almost across the board UK unemployment falls to 7.9%, lowest since June ’11 with claims down in Sept Automotive sector continues to boom w/ production @ 280k units in September, highest in the history of Thailand. 3G auction finally […]
Read More →Well then, first on the 14th of this month the BOT Governor comes out publicly saying “Thailand doesn’t need an interest- rate cut as credit growth is accelerating and domestic demand is countering a slowdown in exports, central bank Governor Prasarn Trairatvorakul said.” Source: Bloomberg And then on the 18th of this month, the BOT […]
Read More →3Q12 earnings seasons is upon us! And banks have already come out with their numbers, most have done quite well, no real surprise given their income tax costs drop from 30 to 23%, except for TCAP which was down 27% QoQ b/c of increased provisions (quite a surprise). Expect to see a summary of all […]
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