Commentary on special events in Thailand and the SET Index.
So the global financial media has focused on Apple’s recent 7-1 stock split, and the impact that has/will have on the share price, now here in little Thailand we have the same phenomenon with the latest stock splits coming from MBK and BGH. MBK Announced 7 March 2014 that in the AGM the board wanted […]
Read More →So Ichitan Plc (ticker: ICHI) ipo’ed earlier in the week with a subscription price of THB 13.00, the stock hitting +30% during intra-day trading and finishing the week @ THB 17.90/share.. Image source: SETSMART So how can you do a successful IPO? Easy do the following steps: 1. Create a successful consumer business and sell […]
Read More →Even though on a YoY basis its down -0.3% (March ’13 had a massive spike), the trend is undeniable, and within the next year they’ll continue to extend the line further. Source: BTS
Read More →The facts: Applications were valued @ THB 234 bn down 10% YoY w/ project numbers of 291 down 48% YoY Led by auto’s, petrochem and power plants Foreign projects rose YoY 28% Main investors were Japan, US, China and S. Korea So what? Growth in the SME area is suffering, that goes without saying, but […]
Read More →What happens when a takeover happens and all the free float disappears? Here are two recent examples: MAKRO – Takeover by CPALL and free float drops to single digits and for a short amount of time the stock price still shoots 30-40% above the takeover price, why? I have no idea! RASA – The latest one, […]
Read More →Thailand Revenue falling short — The Ministry of Finance reports that revenue in the first six months of the tax year (Oct 13- Mar 14), tax revenue for the government was Bt964bn, missing the government target of Bt1.024tn. (Kao Sod, 16/04/14) Caution over household debt — Banks say household debt levels are worrisome, with forecasters […]
Read More →“As a citizen of the country I am worried, but as an investor I’m not” I heard this quote last night over drinks and I think it perfectly sums up a lot of viewpoints on Thailand and its market today. If you had closed your eyes over the past 6 months and just came back […]
Read More →I hate trigger funds with a vengence purely because of the set up whereby if an x% return is achieved then the fund is closed, if the x% return is not achieved then customers are given back whatever the final result is or given the underlying stocks instead. So essentially you’re buying an option with […]
Read More →Have a great holiday, we’ll be back on Wednesday 🙂 The Songkran festival (Thai: สงà¸à¸£à¸²à¸™à¸•à¹Œ, pronounced [sÇ’Å‹.krÄËn], listen; from the Sanskrit word saṃkrÄnti,[1] or literally “astrological passage”) is celebrated in Thailand as the traditional New Year’s Day from 13 to 15 April. It coincides with the New Year of many calendars of South and Southeast […]
Read More →I have to keep reminding myself this time and time again about Thailand, since I’ve lived here I’ve seen bird flu, pig flu, tsunami, yellow/red/black/blue – basically every rainbow coloured shirt protest, coup d’etats, global financial crisis, capital controls, etc etc and yet this country still recovers, and going forward I still expect for Thailand […]
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