Commentary on special events in Thailand and the SET Index.
AOT released their latest passenger figures, go the link below, and every analyst today was going on about how travelers are back with numbers +11% for October 2014. Do take things with a grain of salt and realise that if you take the full year figures, passenger arrivals are up only +0.14%. But what does […]
Read More →As posted earlier this month, there MSCI rebalancing was effective as of today’s closing, a gentle reminder on what the changes were MSCI GLOBAL STANDARD INDEXES – The following are changes in constituents for the MSCI Global Standard Indexes which will take place as of the close of Nov 25, 2014. ADDITIONS: DELTA, EA, TUF […]
Read More →The speculation on whether or not the LTF scheme would be extended had some traders nervous, now the latest news is that the Finance Ministry would extend it for another 10 years. I do like the LTF scheme as it has helped with liquidity in the market and does force people to save $ for […]
Read More →BMCL expansion to bring economy of scale and profit Bangkok Metro Plc (BMCL), operator of the capital’s underground mass-transit system, listed on the Stock Exchange of Thailand in September 2006. Sombat Kitjalaksana, managing director, discusses the company’s strategy and outlook. What is BMCL’s business model? BMCL is the first metro operator in Thailand and we […]
Read More →GMO’s latest quarterly letter is out and as usual it is a must read with several points covering the markets, valuations, asset classes and outlook. Here’s a small tidbit below and a link to the letter. My personal fond hope and expectation is still for a market that runs deep into bubble territory (which starts, […]
Read More →The continued decrease in Thai exports doesn’t come as surprise for the following reasons: Soft commodity prices have declined (remember rice and rubber?) As a result of the 2011 floods, several manufacturers took their insurance payouts and shut down business Thailand’s major electronics export was Hard Disk Drives – Well we’re all one smart phones/tables/computer […]
Read More →Earlier in the month we posted that WHA and HEMRAJ was the deal that never happened, now things have taking a new turn… What’s happened? Over the weekend there was news that WHA would purchase the stakes of the majority shareholders of Hemraj (15% of HEMRAJ’s outstanding shares) @ a price range of THB 4.60-THB […]
Read More →The past few weeks have been their usual hectic period with listed companies reporting their 3Q14 #’s, see below for a summary of how each sector performed on a reported net profit basis. A few comments: The overall performance for the the market was crap the SET & MAI were -4.7% YoY%, and -0.4% on […]
Read More →MSCI GLOBAL STANDARD INDEXES – The following are changes in constituents for the MSCI Global Standard Indexes which will take place as of the close of Nov 25, 2014. ADDITIONS: DELTA, EA, TUF DELETIONS: None MSCI GLOBAL SMALL CAP INDEXES The following are changes in constituents for the MSCI Global Small Cap Indexes which will […]
Read More →Mermaid Maritime Plc, a provider of subsea and drilling services for the offshore oil and gas industry, is a subsidiary of Thailand-based shipping group Thoresen Thai Agencies Plc (TTA). Mermaid has been listed on the Singapore Exchange since 2007. Chalermchai Mahagitsiri, executive vice-chairman and chief executive, discusses his company’s strategy and outlook. What is Mermaid’s […]
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