He was right!
It looks like our darling Prayuth was correct when he said Thailand’s happiness was @ 99.99999999999999999% Jokes aside, this is a decent snapshot indicator of unemployment and inflation. Source: Bloomberg
Read More →Category: Special Events
Commentary on special events in Thailand and the SET Index.
Random Thoughts: Telco’s (again), Thailand’s labour markets, constitution
Telco’s This week we were blessed with the earnings results of both dtac and advanc, both telling very different stories. Here’s some quick thoughts The sector – A massive clusterf**k at the moment, no bank seems willing to back JAS, even though they continually say in public that they’ll pay, but….their balance sheet is too […]
Read More →True raises capital…yet again
So TRUE came out yesterday, surprising everyone except those with a modicum of common sense with another capital increase… The stock price didn’t react as badly as one may have thought, perhaps some punters are believing that it will wipe out the interest costs (again) and that the stock can raise back to thb 14 […]
Read More →Random Thoughts: BIGC, JPY, 4G saga, constitution
It’s been yet another interesting week with these four key points dominating the discussion and the movement in the market. Before we get started a proper random thought: Why do dentists ask you questions whilst they are drilling your teeth and expect an response? Japan’s Central bank has now come out with its umpteenth arrow […]
Read More →Co Visit: JWD Infologistics Plc (JWD)
Logistics specialist JWD adds value to lift margins JWD Infologistics Plc, an integrated inland logistics service provider that has been expanding beyond its original food and cold-chain focus, listed on the Stock Exchange of Thailand in September last year. CEO Charvanin Bunditkitsada discusses the company’s strategy and outlook. What is JWD’s business model? JWD is a […]
Read More →Random Thoughts: Bonds, CAWOW, BIGC, taxes, manipulation
DoubleLine has come out with their latest quarterly commentary and given that they are the largest bond house in the world is worth a read. In the quarterly letter a lot spoken is things that we already know i.e. USD strength, China etc..but it’s just interesting to note their viewpoints on high yield debt, other […]
Read More →Thai REITs
So a few readers have asked for some reit/prop fund/iff data and here are the top 10 traded ones. Source: SET, 18th Jan 2016
Read More →BIGC up for sale?
The stock price has definitely moved as if an sale is going ahead. This rumour has been around for the past quarter when issues were arising in France re Group Casino’s performance, since then the news has been quiet except for a potential REIT in the offerings. Now we have brokers doing relative valuations of […]
Read More →Random Thoughts: The same questions, Thai gov more trustworthy than Singapore’s?
Despite it being a start of a new year the same questions/scenarios remain… What if the ISM figures in the US stay below 50? Does it lead to a recession in the US? Forces the feds to not raise rates but instead cut them? If the USD declines? Oil prices recover? Capital flows back into […]
Read More →Howard Marks Latest Memo
As always, an incredibly enjoyable read! I still need to re-read this a few more times but here are some snippets and a link to the rest of the memo “Everyone knew†for years that the Chinese economy had been overstimulated with cheap financing, and that this had led to excessive investment in fixed assets. […]
Read More →