Commentary on special events in Thailand and the SET Index.
The media shifts very quickly in its headlines from Thailand booming to Thailand being in a recession to a potential repeat of 1997. This is nonsense as Thailand’s as well as most Emerging economies, have: 1. Increased their economic importance in the Global Economy 2. Foreign reserves in the late 90’s were only enough to […]
Read More →With the expressway tolls increasing for the first time in a few years from 45 to 50 baht per trip, I haven’t experienced such light traffic on the highways in bangkok for donkey years, reminds me of the holiday periods when Bangkok is normally empty. If you want to watch English football, Spanish football, German […]
Read More →“There are loads of opportunities out there in the rural area that we urban dwellers cannot imagine,” chief executive Boonyong Tansakul says as he discusses how Singer Thailand Plc (SINGER) is preparing to leap forward. Initially renowned for its sewing machines, the SET-listed Singer has successfully transformed itself into one of the most trusted brands […]
Read More →Well I think that the chart speaks for itself here, basic finance is that if the “risk free rate” increases then discount rate increase then valuations decrease..zzz..financial theory I know. But its true. Source: Bloomberg
Read More →Big shout out to Vincent Fernando @ Religare for keeping me updated on this. Essentially throughout the past 12 months earnings for the ASEAN region have been decreasing and dramatically over the past 3 months. Who say’s fundamentals don’t matter? When looking @ Thailand this has had us worried for months, while analysts may keep […]
Read More →PACE IPO’ed at THB 3.50/share earlier this month on the 7th August only to finish at THB 2.7/share on its first day down some -23%. Now how on earth can a company that doesn’t have any net profits to speak of be allowed to list on the stock exchange? Well the SEC enacted a ruling […]
Read More →After serving food, bakery products and beverages to Thai consumers for 40 years, SET-listed S&P Syndicate Plc (SNP) still sees “huge potential” to grow both domestically and internationally, says Vitoon Sila-On, senior vice-president for domestic operations. “Even with 424 outlets across the nation, the expansion has only just begun,” he says in a discussion about […]
Read More →GMO’s Jeremy Grantham on Climate Change and Investable Ideas (BusinessWeek) Comment: The always great to read Grantham, gives his ideas re farming as an investment Market Commentary by Byron Wien- Worried About the Second Half (Blackstone)  Comment: Wein outlines his worries for the 2H13 GDP growth in the US Howard Marks Latest Memo (Oaktree) Comment: A fantastic read here, Marks […]
Read More →Opportunity days are back where some 100 or so Thai companies will be at the SET to talk about their 2Q13 earnings, The schedule is on the link below: http://www.set.or.th/set/oppdaybyperiod.do See you all there!
Read More →With traffic worse than normal given a few roads being blocked off around Bangkok and protestors making the walk from Lumpini to Government House as off the time of writing (mind you there doesn’t look like there are many at all) we’ve been thinking aloud for the past few months that August wouldn’t be a […]
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