Commentary on special events in Thailand and the SET Index.
Out of curiouristy we did a quick backcheck of the past sectors that have driven the SET for the last 7 years. Upon seeing the results we do ask ourselves, why bother stock picking? We have to choose out of 550 companies a portfolio of 10 strong ideas, why not just pick a few strong […]
Read More →What happened: Chu kai Plc (ticker: CRANE) announced on the 14th January 2014 a sale of land worth THB 500 mn. CRANE itself is leasing cranes that can be used in many industries such as construction, import and export, refinery plants, power plants, and petrochemical plants. Most cranes of The Company are good used cranes […]
Read More →On the 13th January, MC Group (ticker: MC)Â announced two new major shareholders, both are well known long-term investment group, Lombard through its investment vehicle, Mindo Asia Investment Ltd and NTAsian Discovery Fund. So what? Well both groups are run by smart fellows, Lombard is well-known within Thailand for its holdings in Ticon, CPN, AS, SAT, […]
Read More →This happened 2 weeks ago as well as a few other deals that I’m just getting around to writing about, the details are as follows: Siam Commercial Bank (SCB) sold a 60.9% stake of Siam Commercial Samaggi Insurance (SCSMG) The value of the transaction is USD 185 mn at THB 27.60/share and SCB is expected […]
Read More →While we applaud the fact that the SEC does take action against insider trading, but 7 years later? Really? And only a fine of THB 27 mn despite the fact this is an egregious action against public investors. Anyways at least we know this is another company to put on the blacklist for investing in […]
Read More →There’s been confusion amongst a lot of us about what on earth the State of Emergency means this time around. When the previous SoE was declared during the red-shirt riots, we had curfews and demonstrations were banned and the government and military enforced them. This time around these are the 5 measures for the State of […]
Read More →The clever fellow that is Vincent Fernando over @ Religare put out his latest paper tracking ASEAN earnings, he states that “Thai 2014 earnings have been cut 6.1% over the last 6 months, but further cuts are likely. It appears as if 2014 numbers have yet to be cut in response to the worsening political […]
Read More →Last month Toyota said that they would be investing more into Indonesia for certain models, this despite an awful infrastructure system, and now Malaysia is looking for more investments from the auto sector as well. So will Thailand see less investment going forward? What impact will this have on SAT, TRU, STANLY and IHL on […]
Read More →Last night the Government announced a State of Emergency, our first thoughts, other than being a bit more worried about violence, is what happenend to the market last time? The market had dropped just over -3% that day, the market backdrop is slightly different in that during 2010 the market was still rallying from the […]
Read More →Looks like the bidding begins by Sept ’14, ADVANC and DTAC are in good financial shape to be able to pay for this, TRUE has launched its TRUEGIF but it’s still bleeding cash from its marketing campaigns, at the end of the day ADVANC is still going to be the market leader. True Move and […]
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