Commentary on special events in Thailand and the SET Index.
Do Day Dream PCL (SET:DDD) Chief Financial Officer, Khun Piyawat Ratchapolsitte discusses the company’s strategy and outlook TET: Please explain the history of DDD. DDD: The founder, Dr. Sarawut Pornpatanark had a desire to do something different from the family business and launched DDD in 2010. Initially we were focused on OEM manufacturing for smaller domestic brands […]
Read More →TTW PCL (SET:TTW) Managing Director, Ms. Walainut Trivisvavet discusses the company’s strategy and outlook TET: Please explain TTW’s business model. TTW is Thailand’s largest private tap water producer and distributor with a production capacity of 540,000 m3/day. We produce and distribute tap water to the Provincial Waterworks Authority (PWA) for two provinces, Nakorn Pathom and Samut Sakorn. […]
Read More →And so he’s called off the tender offer and LH’s board has called off the EGM. Reminder: Initially he planned to make a voluntary tender for 10% of LH’s paid-up shares. This was notified to the board on 21 June 2018. The value was a maximum of THB 1.195 bn at THB 11.80/share This was […]
Read More →Byron Wein August 2018 His latest monthly letter is outttt and here’s a few interesting snippets and a link to the rest of the piece Today there are fewer public companies in the U.S. than at any time over the last 40 years. The peak year for public markets was 1996, when over 8,000 companies […]
Read More →Howard Marks Memo I am still digesting my thoughts with his latest memo.  I do not know if I necessarily agree with each and every point that he makes I see computer decision making as a function of human decision making. Because it is programmed by humans based upon the rules instilled within a […]
Read More →A lot of deals have taken place in the past few months, we’ve had a change of major shareholders in NOBLE, GLOW being acquired by GSPC, and LH’s founder going for another 10% in his co. And now the latest one is SPALI w/ MK, although granted back in the day a related family member of […]
Read More →Momentum This is still a thought in progress, thus excuse the usual typos/grammatical errors etc etc … but the idea of momentum (effectively I’m thinking of a derivative of Soros’ Theory of reflexivity) is an interesting phenomenon. There is something to be said about the nature of momentum for a company’s business and thus its […]
Read More →And it’s outttt, here’s my fav snippets and a link to the rest of the commentary We believe that the current business cycle has at least several more years left to run. The major signs that would herald the beginning of the next recession are not yet in place. Unemployment is low and likely to […]
Read More →Fun times at SCB First the media notes that “The report said the central bank played a role in recommending Mr Boontuck to sit on the board and probe the bank’s heavy lending to three companies: Sahaviriya Steel Industries Plc, Pace Development Corporation… “ Source:Â https://www.bangkokpost.com/business/news/1480809/boontuck-joins-scb-board SCB has retorted that “Recent media reports have suggested that […]
Read More →JFinCoin & JMART I wanted to give this a few weeks before writing about it to see if there would be anything positive. Unfortunately for them not, the ICO performed poorly and is down some -50% from its initial offering price. The perfect world scenario was that it would pop well on the first day […]
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