Commentary on special events in Thailand and the SET Index.
An estimated 200,000 orders of cars reserved under the government’s subsidised first-car scheme will end up being cancelled, according to Suparat Sirisuwannangkura, chairman of the The Federation of Thai Industries (FTI) automotive industry club. Source: Bangkok Post So last year the first car buyer scheme pushed up the total of registered car sales to 1.25 […]
Read More →So politics is coming back to the forefront of the news headlines, its been building up over the past few weeks and with the Internal Security Act invoked a few days ago, market participants have become more worried. We’ve also heard that Mr. T is becoming more and more agigtated and desperately wants to return […]
Read More →Raimon Land’s business model? Raimon Land is currently a property real estate developer focused primarily on the luxury market segment in major urban and resort locations in Thailand. We are currently exploring new revenue streams outside pure property development that will diversify our core business. In the first quarter of 2013, there was a major […]
Read More →So a plethora of economic news regarding Thailand has come out over the past week and it all has pointed to the same direction which is a slowdown in growth for the country So a quick summary of whats happened: Retailers are revising down growth targets across the board (Bangkok Post) Agriculture – growth expected […]
Read More →Was just quickly browsing through KK’s latest presentation to investors and while I was initially looking for the potential NPL’s I came across this slide: What we take from it are: Retail Investors still dominate the SET and MAI, and this with a doubling in the average daily value traded. Foreign investors have exited Thailand to a […]
Read More →This was all over the news last night. Thai telecommunications group True Corp Pcl TRUE.BK said it aims to raise at least $2.25 billion by listing an infrastructure fund to help pay down debt, in what would be Asia-Pacific’s biggest initial public offering so far this year. Source: Reuters Our thoughts? If True were to […]
Read More →My friends over at Shareinvestor Thailand just launched this app yesterday and my my have I enjoyed it. Essentially they have gathered all of their clients here in Thailand (some 150 or so) and put their annual reports (for the past 3 years)Â available to read in English/Thai here in this simple app. Â And the best […]
Read More →The SET-listed Jubilee Enterprise Plc (JUBILE), a leading retailer of diamond jewellery in Thailand with nearly 100 outlets, has delivered average net profit growth of 40% per year from 2009-12, and it continued to impress shareholders with 30% year-on-year growth in this year’s first quarter. Chief financial officer Unyarat Pornprakit discusses the strategies behind the […]
Read More →This editorial appeared on bloomberg last week commenting on Thailand’s economy. here’s a few snippets and my comments. Â Her government has subsidized rice prices, provided handouts to car buyers and favored megaprojects that will enrich the politically connected more than the masses. All this comes at the expense of long-term competitiveness and prosperity: Thailand […]
Read More →Great op-ed by K. Voranai in the Bangkok Post the other day, a few snippets which caught my attention… Perhaps the truth is a mixture of both, but the numbers tell a most convincing story. According to the report, economic growth in Isan climbed 40% from 2007 to 2011, against 23% for the country and […]
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