Commentary on special events in Thailand and the SET Index.
Well there are some surprises here, namely I’m quite happy to see Somkid’s Jatusripitak (he was part of thaksin’s team as their finance minister/deputy pm) and I do highly rate his capabilities. As for M.R. Pridiyathorn…well..he implemented capital controls some 8 years ago which made the SET drop 30% so I hope he doesn’t make […]
Read More →A rating agency, R&I, last night downgraded Thailand’s outlook from Stable to Negative, will this be the first of many? Thus far Moody’s and S&P haven’t commented just yet, on a worst case scenario you can imagine all rating agencies downgrading Thailand to the point where the cost of issuing new debt skyrockets and then leads […]
Read More →Gunkul Engineering Plc is one of Thailand’s top producers and traders of electrical equipment and has expanded into electric power production, mainly from renewable energy, both solar and wind. Chief executive officer Sopacha Dhumrongpiyawut discusses the company’s strategy and outlook. What is Gunkul’s business model? Gunkul is a one-stop provider for renewable power plants and […]
Read More →If I were to do a correlation between every trip I take to a different continent with political events in Thailand the result would be near 1.0. So a coup has happened this time (previous time was the flooding, before that was the May 2010 fights, and before that was the airport shutdown, my traveling […]
Read More →I’ve been running this blog with daily updates for the past few years, so I’m taking a much needed break for the next week and travelling, of course I’ll still have a look in the forums and comment where needed but no new posts.
Read More →So we have been hearing that consumption is way way down in Thailand this year because of politics, farmers having less funds to spend, economic slowdown etc etc and yet Universal Robina Corporation (a listed co in the Phillippines), who has the #1 market share in Thailand for biscuits and wafers, just reported 3 days […]
Read More →The Securities and Exchange Commission filed a criminal complaint on Monday with the Department of Special Investigation (DSI) against Rich Asia Steel executive Angkakarn Tantiviroon and two former executives of United Securities for Rich share manipulation. Previously, Mr Porntep and Ms Arada were named in a share manipulation criminal complaint of Metro Star Property, Thai […]
Read More →Ohhh a local M&A case! Finally some fun times! VGI Global Media Plc, Thailand’s largest transit-media provider and a unit of BTS Group, has acquired 24.43% of Master Ad Plc (MACO), the country’s largest outdoor media firm. The acquisition is worth 662 million baht or nine baht a share. A quick intro on both firms […]
Read More →Asiasoft Corporation Plc is a leading digital online entertainment company in Southeast Asia with a dominant market share in Thailand, Singapore and Malaysia and a strong presence in Vietnam, Indonesia and the Philippines. Pramoth Sudjitporn, vice-chairman and CEO, talks about the company’s strategy and outlook. Strong infrastructure will allow Asiasoft to add new internet-based entertainment […]
Read More →Thailand Consumer confidence sinks, lowest since Nov 2001: UTCC – Thailand is moving closer to economic recession because of the ongoing political uncertainty, while the Consumer Confidence Index (CCI) in April hit the lowest point in 12 and a half years, the University of the Thai Chamber of Commerce said. (Bangkok Post, 09/05/14) Mobile Expo […]
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