Commentary on special events in Thailand and the SET Index.
Another wonderful memo from Howard Marks of Oaktree Capital There are a few points that I forced my whole team to adhere to: Most Great Investments begin in discomfort You have to give yourself a chance to fail You miss 100% of the shots you don’t take and see this snippet below that perfectly encompasses […]
Read More →Hello World I’m back! So 4 years after constant news mongering that Greece was dead, leaving the EU, on the edge of creating a brand new global finanical crisis they’ve returned to the market selling EUR3 bn five year bonds with a yield just under 4.9%.  At one point their 10 year bonds (chart below) […]
Read More →OfficeMate Plc (OFM) is a distributor of office supplies that uses an omni-channel model and an e-commerce company managing the OfficeMate.co.th, Central.co.th and Robinson.co.th websites. OFM listed on the Market for Alternative Investment in 2010 and joined the SET in January 2013 after Central Retail Corporation (CRC) acquired a major stake in the business. Chief executive […]
Read More →Have a look @ Alcoa’s latest numbers from their 1Q14 Investor Presentation – from our side we think things are looking just fine. Source: Alcoa
Read More →The Thai market is closed today because of Chakri Day yesterday. So what is Chakri Day? Chakri Day commemorates the founding of the Chakri Dynasty in 1782 by King Rama I. In the new capital city of Bangkok, King Rama I built the Grand Palace that now houses the Emerald Buddha. In addition, he helped […]
Read More →So the automotive industry in Thailand is dying? Well the largest automotive car maker in Europe, Volkswagen, has recently applied to set up its first plant in Thailnd under the government scheme that requires car makers to invest at least THB 6.5 bn and that annual production must reach 100,000 cars in the fourth year […]
Read More →So we went through the 4Q13 numbers just to see which sectors rocked and here they are: Tourism & Leisure sector was the best in terms of % change in NI (+266.7% YoY) followed by Food & Beverages (+59.2% YoY) and Electronic Components (+48.6% YoY) For the smaller sectors, Professional Services showed an increase of […]
Read More →The LTF investment scheme begun in 2002 by Thaksin which has essentially helped to bring more local funds into the market in Thailand. “LTFs are on the front burner when we talk with the Revenue Department. The association must make the department conform to the same view. Many people think such funds only benefit the […]
Read More →Wonderful short interview with Jeremy Grantham of money management firm GMO where he basically covers his thoughts on the Fed policy and the so called Bernanke-Put that has helped to keep asset prices high. I do keep my eye out for when/if rates may turn, for when/if the VIX may hit high levels again, for when/if Gold may decide to […]
Read More →Its reporting time from all the publicly listed companies in Thailand, with the quality of presentations available (meaning they are pretty damn good), its great finding out little tidbits of information like this one from Asiasoft Plc (AS). Who whould’ve thought that Thailand was only just behind Singapore in terms of daily spending on apps? […]
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