ThaiCapitalist Commentary
“Europe is an allegory for the ages of man. You are born Italian, relentlessly infantile and mother-obsessed. In childhood, you are English: chronically shy, tongue-tied clicky and only happy kicking balls or pulling the legs off things. Teenagers are French: pretentiously philosophical, embarrassingly vain, ridiculously romantic yet simultaneously insecure. During Middle-Age, we become either Irish […]
Read More →Last week was relatively quiet in terms of management trades. The only company worth noting (other than BLAND yet again appearing here!) is KCE, management expects that they will recover from the floods last year, expand capacity this year by 20%, and improve its forex hedging strategies.
Read More →Â Last week the market had a slight gain as optimism over a potential Spanish bank bailout was rumoured in the markets (later proven to be true over the weekend). Interesting to see how the sectors have performed YTD, the service and agri sectors are still rocking and rolling whilst the resources and industrials continue to […]
Read More →Given this is something we do internally weekly I thought it would be good to share our basic thoughts on what were the key events happening within the past week. Its a simple point by point thought on the positive and negative events that we notice both locally and internationally. Positives: After falling every single […]
Read More →Soros gave a speech at the Festival of Economics, Trento Italy, there he covered his thoughts on the Euro Crisis today, its a fascinating read enjoy! But the likelihood is that the euro will survive because a breakup would be devastating not only for the periphery but also for Germany. It would leave Germany with large […]
Read More →The Ministry of Commerce reported May inflation at 2.53% YoY, up from 2.47% YoY in April and inline with market estimates of 2.50% YoY. On a monthly basis, the May CPI rose a for a 5th month by 0.39% MoM, pressured by the 1.14% MoM increase in food and beverage product prices (33.0% of CPI), […]
Read More →The SET Continued to be bludgeoned the past week with continuing worries over the Euro debt crisis, China slow down, US slow down etc…etc…Now for the coming week expect to hear more of the same with the exception that there may be more news of a bailout given Greece’s upcoming election and Spain looking to sell more […]
Read More →The SET continued to decline last week because reasons that I’ve mentioned several times, the Euro area issues, US slowdown and continued worries about the Chinese economic slowdown. Going forward all we are going to hear in the news is the Greek election coming in mid-June, issues about Spanish banks, US worries and the Chinese government pushing […]
Read More →Tremendous amount of buying last week by management of public c0mpanies here! Notable Transactions: Buys: Banpu – Family and director purchase additional shares in the company, total purchased in the past month is near THB 100 mn BLAND – He’s having fun again and joining the party is K. Ausakoon buying and selling the shares […]
Read More →This coming Wednesday Gen Sonthi Boonyaratglin, Chairman of the House Committee for National Reconciliation plans to table a “reconciliation bill” to Parliament that would provide blanket amnesty to all politicians and public servants (civil servants, soldiers, police etc..) for any political crimes committed since 2006 [note: convenient year to choose!] Thanachart put out flow chart […]
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