Commentary on special events in Thailand and the SET Index.
There has been very minimal PE and VC onshore based activity in Thailand because quite simply the capital gains tax on such investments are too high, 30%. But with news that the SEC is slowly but surely relaxing regulations and despite that hubbub from the US that PE and VC firms are evil. I’m actually […]
Read More →Despite the floods at the end of last year, foreign direct investment in Thailand was up at whopping 62% in the first seven months of this year. This can only bode well for several industries here, industrial estates, transport (airport), and banking. The main statistic I found interesting was the Singaporean investors were ranked second […]
Read More →S&P (rating agencies who believes them today?!) revised Thailand’s banking system upwards mid-week, but regardless it does finally demonstrate that Thailand has in fact improved a lot in the past 10 years despite the on going political rubbish. We revised our industry risk score for Thailand (foreign currency BBB+/Stable/A-2, local currency A-/Stable/A-2, axAA/axA-1) because, in […]
Read More →I’m not going to rant on thai politics, I prefer to sleep with a calm mind, but given the potential that the current government has on hand today to actually push through more policies, projects etc etc I’ve been disappointed by their performance thus far, then again no Thai government has impressed me since Thaksin’s […]
Read More →The National Economics and Social Development Board (NESDB) reported that the Thai 2Q12 GDP expanded +4.2YoY%, improving from the +0.4% YoY in 1Q12 and on a quarterly basis expanded +3.3% QoQ. Chart 1: Thailand quarterly & Annual GDP Growth YoY% Chart 2: Thailand’s Quarterly GDP Growth YoY% Key drivers appear to be: Consumption +5.9% Investments: […]
Read More →Need ideas for investments? Look no further than these names here, I’ve looked at MACO and QLT in the past and found them to both be well run companies but for liquidity reasons neither were investable unfortunately. SST well…leveraging up ones balance sheet to buy Au Bon Pain and Dunkin Donuts…not sure. As for WORK, […]
Read More →Its positive to see the SET relaxing its draconian listing requirements. The number of IPO’s in Thailand have been very low for the past few years with half (3) of the listings this year being property funds. Hopefully this relaxation in holding co’s will expand the number of new choices here in Thailand. Kannikar Chalitaporn, president […]
Read More →The SET organises opportunity days which are sessions where public companies ranging across all sectors and market cap sizes provide an update on their business outlook and discussion of their latest financial results. I highly suggest anyone in Thailand to simply go, sit down and listen to each company, its something I like to do […]
Read More →KBANK is mimicking SCB’s successful expansion into Investment Banking (3 years ago), I’m not too surprised by the move given both banks move from pure depositor-lenders to more universal banks and over the short-mid term I wouldn’t be surprised to see more deals happening in Thailand which could make for an exciting period in the market, then […]
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