Commentary on special events in Thailand and the SET Index.
Cliff Asness (of AQR one of the world’s first quant hedge funds) has put together a rather compelling argument on market timing (active investment) vs the well marketing passive investment approach. Personally I far prefer the active approach but only b/c I have the time and a team behind me to ensure we have the […]
Read More →We’ve been following Thailand’s mobile saga with great amusement the past few days watching the # of bidding rounds continuing to increase and the value of each bid getting higher and higher. So after a 30 hr bidding marathon the results came out as follows: It was concluded at the 86th round! True won the […]
Read More →Thai Interest rates They stayed flat @ 1.5% with the new BOT chief stating that the Thai economy looks like it may have already bottomed during the 4Q15. We have our doubts on this (perhaps by 2H16 the market and the economy will begin a decent growth path again) and believe a lot of central […]
Read More →Strong nationwide base keeps Muangthai Leasing on a roll Muangthai Leasing Plc (MTLS), which listed on the Stock Exchange of Thailand last November, has grown from a small provincial finance company 23 years ago to a provider of secured and unsecured loans to customers nationwide. Chief executive Chuchat Petaumpai discusses the company’s strategy and outlook. […]
Read More →The fears over an extension of the LTF seem to have finally abated as the Finance Ministry decided to extend the period for another 3 years, but with a little catch this time. In the past… The lock-up period for investment in LTFs has been extended from the previous five calendar years to the date […]
Read More →Small caps, mid caps, love them there are always opportunities to be found like a pig hunting for truffles. Â Mobius put a nice little paper sharing his team’s viewpoints on SMIDs in the region, here are some snippets and a link to the rest of the article. Small caps generally have low foreign ownership levels […]
Read More →Notable Transactions Buy(s) THB 1.29 bn Sell(s) THB 3.43 bn
Read More →Quite an interesting study made by McKinsey on the impact of sharebuybacks on future growth, and they came to the conclusion that (as it should) makes some sense. The types of industries that are making up the US Stock markets have changed over the past few decades. Here are some snippets and a link to the […]
Read More →The other day the cabinet came out with a ruling that: Approved the waiver of value added tax, specific business tax & stamp duty for transferring assets from property funds into REITs. Approved the waiver of income tax for unit-holders of property funds that are converted into REIT So what? This should pave the way […]
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