Commentary on special events in Thailand and the SET Index.
The facts: In 2014 Thailand exported 10.8 million tonnes of rice, an increase of +63.6% from 2013 Global rice trade is expected to hit 41.9 mn tonnes this year (last year was 41.88 mn) World’s rice consumption is 483 mn tonnes Questions from this Can you imagine how poorly the previous government managed the rice […]
Read More →Ch. Karnchang Plc was founded in 1972 to engage in the general construction business, focusing initially on civil works for government agencies. Listed on the Stock Exchange of Thailand since August 1995, it has since expanded the scope of its work substantially. Prasert Marittanaporn, senior executive vice-president for administration, discusses the company’s strategy and outlook. […]
Read More →The latest method to manipulate stocks in the past 18 months has been for dodgy companies to issue PP’s (yes yes they say its to raise capital, but just look at who the shareholders are) to large investors, which essentially provides to them a massive # of shares for them to control the demand/supply on […]
Read More →Bill Gross, formerly of Pimco now of Janus, latest monthly letter is out, and he effectively writes that 2015 is going to be a poor year for asset classes and that the investment world will realise that the growth levels don’t justify current valuations should interest rates increase. It’s an interesting read, see below for […]
Read More →If you’re wondering why the market rebounded strongly yesterday, one potential answer is that the Thai Government Pension Fund, which manages THB 1.2 trn in assets, wants to shift more weightings towards equities amid this market volatility, here are a few snippets plus the link to the full article. Thailand’s biggest government-pension fund is seeking […]
Read More →It is that time of the year where Strategists, Commentators and what not present their ideas for 2015, of them all I do enjoy reading Byron Wein’s, of Blackstone, thoughts for each year. I find his points related to interest rates, Japan and China the most relevant for Thailand this year. 1. The Federal Reserve […]
Read More →So much for the year end buying from local institutions to support the market! Source: SET Note: All values are mn THB
Read More →Interesting tidbit released by BJC today, their IFA has advised that shareholders should reject the transaction for multiple reasons (see below). I doubt that this will derail the acquisition but interesting to note nonetheless. 1) Risk concerning the loan financing and money transfer to Metro Vietnam’s Capital Account in advance for the whole amount of EUR 655 […]
Read More →Given the way December ’14 performed I thought it would be more interesting to present all the transactions that occurred during the month. Notable Transactions Buy(s) THB 6bn AAV, RS, CENTEL, BA, LIVE, M-CHAI, NBC, BA, STA, CPF, MC, EARTH, BBL, BLA, EARTH, AKR, PACE, TH Sell(s) THB 10 bn RS, AAV, CGD, AP, NYT, […]
Read More →With Xmas and New Years within the next 2 weeks, this will be the last post for the year as its time to unwind, relax and recharge for what will be an exciting and most likely volatile 2015. 2014 was close to a normal year for Thailand, we faced a military coup with a self […]
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