Commentary on special events in Thailand and the SET Index.
With all 2Q14 earnings due by the 15th August for listed companies in Thailand, opportunity days, hosted by the SET/MAI, are starting on the beginning of August. I’ve always found that these are the best times to see companies that are normally not covered by brokers/analysts and to hear what the CEO’s have to say […]
Read More →Thai Banks don’t have the necessary balance sheet to compete with China’s, but given that Thai companies are already involved in Myanmar, they need financing, and it would be silly if Thailand’s bank can’t capitalise on at least following their customers overseas. Now should they be able to get licenses in Myanmar by the end […]
Read More →Here are my thoughts on the above names: Asian Insulators (AI): The recovery in their earnings over the past 3 years have been outstanding, +300% in 2012, +36% last year and 1Q14 was already up +30%. Chularat Hospital (CHG): Potential takeover target for BGH and still a decent performer in the hospital sector Dcon Products […]
Read More →Leon Cooperman, he does what he loves, I’m envious of what he has achieved. Leon Cooperman is addicted to investing. The hedge fund manager’s stock-junkie lifestyle starts at 5:15 a.m. on weekdays, when he wakes up in the Short Hills, New Jersey, house he’s lived in for 36 years. He then drives to the Manhattan […]
Read More →Ticon is one of the few names to be in red today, down another 6% by mid-day, reasons being: ROJNA (its major shareholder and an Industrial Estate player) proposed to subscribe for all the remaining shares of 25.1 mn after the TSR’s were excised. (basically 25 mn warrants were unexercised) The purchase price will be […]
Read More →The key difference between the coup in 2006 and this one, is that the “leader” of the coup will maintain control until elections. In 2006 the military had passed on power to Surayud and others and thus were perhaps unable to push through every reform and agenda that they had. This time around Prayuth, things have […]
Read More →So Bloomberg has come out with a story saying the post-coup rally is over. Here are some quotes from a few strategists in Thailand. “We advised clients to begin reducing their holdings to lock in profit,†said Chaiyaporn Nompitakcharoen, a strategist at Bualuang who correctly predicted the market would rally in a May 26 report. […]
Read More →Back in May I posted this A few things to note: The SET has only been around since 1987 Looks like the 1st Quarter post a coup is great, 2nd quarter is rubbish With the market off some -1% as of writing some people are getting nervous (they haven’t seen a drop […]
Read More →Key points of interest: Agriculture still in the doldrums overall on the back of lower soft commodity prices on a YoY basis Rice has increased dramatically, especially since the NCPO came in CLMV nearly @ 10% of total exports, on par with China/US/Japan/EU
Read More →I do keep my eye on potential risk factors for equity markets in general, low volatility + increased geopolitical risks do worry me slightly as risk premiums may rise on investments globally, but does this mean one should just shun all investments together? No I’ve learnt from the past that while the Bears make the […]
Read More →