Commentary on special events in Thailand and the SET Index.
This is an interview from Barrons of Leon Cooperman and Steve Einhorn of Omega which manages USD 8.5 bn mainly in equities, so when these two share their viewpoints, one had better pay attention. There are a few thoughts I found interesting but the key comment that caught my eye was: Are you worried that the Fed […]
Read More →This news has local traders and brokers buzzing this morning regarding Shin Corp (ticker: Intuch) and how an “unclear nationality” of one of the major shareholders may cause the stock to be ineligible for the MSCI Index (see the statement below) What’s the impact on the stock? Well a temporarily sharp sell off in the AM, as […]
Read More →Tarun, of Thai Native Gems, and I have been friends since high school and while I give him a lot of stick, I do respect his viewpoint when it comes to gems and diamonds, despite the fact I’ll never understand why women love it. He just published an article today talking about diamonds as an […]
Read More →This has been an ongoing debate since the beginning of this year. The conspiracy theorist inside thinks that the government just wants cheaper funding for its massive infrastructure plans. However I’d like to believe that the BOT will remain independant and I don’t expect interest rates to decline unless inflation declines for a couple quarters. […]
Read More →Fantastic new commentary out by Mark Mobius, he goes into talking about the fundamentals, foreign reserves and investment sentiment in emerging markets, see below for a snippet. According to the GISS, 58% of investors residing in developed markets believe their local stock market will be up this year, but investors in emerging markets were even […]
Read More →With 1Q13 earnings all due by today, the past 7-10 days have been nothing but late nights going for myself and the team, going through the numbers n performance of each company we have positions in, may want to have positions, outliers etc etc…And as is usual with earnings season comes the opportunity days @ […]
Read More →Just saw this on biznews the other day. Now I’m not promoting this in anyway, but I’ll draw attention to the size of the IPO, its 44 mil shares @ THB 1.30/share, a massive amount @ THB 57.2 mn (yes i’m being sarcastic). Look its a small IPO, the stock price will most likely pop […]
Read More →Key points are: Food prices pushed headline inflation to 2.42% Strengthening Thai Baht caused inflation to rise @ a slower pace In 4M13, headline inflation rate was @ 2.9%YoY The Commerce Ministry’s headline inflation forecast for the year remains @ 2.8% to 3.4% So all in all, inflation not an issue, well done BOT, if […]
Read More →We’ve longed thought aloud that the Thai Baht should eventually return to THB 25/usd over the past few years and we continue to think this going forward. Yes people yell at us, “charlatan! fools! It will never go back!” and we’ve been hearing the same comments since we begun working here in 2004-5 when the […]
Read More →So the essentials of the deal are as follows: CPALL agreed with MAKRO’s major shareholder, SHV Nederland B.V., to acquire its 64.35% (154.4m shares) in Makro @ THB 787/share. Funding is 90% debt financing, 10% internal CF, no equity capital call. Purchase price of MAKRO is @ 42.9x of 2013F (as per analyst’s estimates) Debt […]
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