Commentary on special events in Thailand and the SET Index.
Well Money & Banking came out with their latest analysis showing the top wealthiest investors/families in Thailand and here’s the list below. Source: Bangkok Post What catches our eyes other than BGH yielding two of the wealthiest investors in Thailand (#1 and #6), are firstly, how JAS’s owner got into the top 10, we’ve gone […]
Read More →Predictions for 2014 by the major investment banks have started floating around, local houses should be releasing them shortly too, so here are my intelligent thoughts: We will still have a silly amount of liquidity flowing around the world, tapering isn’t tightening, Japan is unleashing a massive amount, Europe may even use negative rates, so […]
Read More →With the continued political noise, holidays coming around and the market not being as buoyant as it was in the beginning of the year, a lot of the bigger ipo’s and IFF’s and property funds have been put off to next year, and of course politics doesn’t have an impact on the smaller names, it’s […]
Read More →Thailand Consumer confidence dips yet again – Consumer confidence hit a 22-month low in November due largely to political tensions and anti-government protests that held back spending. (Bangkok Post, 04/12/13) Rice: Corruption, yes, but not enough evidence — The NACC says there isn’t enough evidence to file corruption charges against all parties in the G2G […]
Read More →Ticon Industrial Connection Plc was established in 1990 to fill a need in the market for ready-built factories for lease. Ticon’s factories and warehouses are located in major industrial estates and in key areas in Thailand. Managing director Virapan Pulges discusses the company’s strategy and outlook. Virapan: Protests may hit property fund Please explain Ticon’s […]
Read More →K. Voranai as usual wrote a very good op-ed on the current state of politics and the protests going on today. But back to Suthep & Co, who aim to temporarily suspend democracy to remove Thaksin & Co for good, and then bring back the sort of democracy that makes sure Suthep & Co will […]
Read More →This week’s latest memo from Howard Mark’s of Oaktree Capital is a must read, as opposed to most articles which are about “Bubble! Bubble!” or “This is 2007!”, there is a far more nuance and thought in his analysis and I’ll show this short quote below, and highly recommend you read the rest of his […]
Read More →REITs will change the landscape quite a fair bit for several companies with income-recurring assets on hand, the ability to leverage (something which property funds can only do up to 10%) will allow firms like Ticon and CPN amongst several others to further expand without requiring an equity increase. But the delay has been in […]
Read More →Pre the protests no one thought this would’ve happened, but with the protests comes delays, and the fact that the infrastructure spending hasn’t started yet, the economy is stagnant from last year, well the BOT has come out with a rate cut now down to 2.25%. The Bank of Thailand cut its one-day bond repurchase […]
Read More →The clever folks at Thanachart Securities put this out during the week as the changes in the SET50 and SET 100 are expected in the 2nd week of December ’13. Basically new additions in the SET 50 include VGI & THCOM replacing KKP & MAKRO, and for the SET100 +BMCL, CHG, ERW, N-PARK, TFD, TICON, […]
Read More →