Updates
Today the market started off with a bang up 2% but we think that would it still a reliatvely quiet month even though its 2Q13 earnings time. Foreign investors have basically done their re-allocation for at the very least the next quarter or so and there is still the fear of politicals making noise starting the […]
Read More →Notable Transactions Buy(s) 152 mn GFM – A continued swap in shares within the family SIRI – This is odd, the President appears to be swapping shares amongst his own accounts…? Sell(s) 161mn GFM – See Above IFECÂ – A director sells off THB 20 mn worth of shares SIRI – See above
Read More →BBL preps for Japan turf war – The acquisition by the Bank of TokyoMitsubishi UFJ (BTMU) of a stake in Bank of Ayudhya (BAY) is persuading Bangkok Bank (BBL) to prepare for stronger competition in the Japanese corporate banking business segment. (Bangkok Post, 23/07/13) Comment: Watching the changes in the banking landscape here in Thailand […]
Read More →Thai Two asked to nominate next BoT chairman – The Bank of Thailand board is asking the central bank’s governor and the permanent secretary of the Finance Ministry to nominate candidates for a new chairman of the board by July 29, on expectations of selecting a name by mid-August before forwarding the choice to the […]
Read More →BAFS 30% earnings growth expected — BAFS expects 2013-14 earnings to grow by 30%, supported by an increase in fuel usage in Don Muang and Suvanabhumbi of 5%. It plans to expand its transportation network from Bangpa-In to Lampang, for an investment cost of Bt65bn, and expects conclusion on this by the end of this […]
Read More →ANAN – Ananda plans Bt20bn projects in second half – Ananda Development, confident of the continuing strength of residential demand, plans to launch condominium projects worth more than Bt2bn over the remainder of the year. (The Nation, 18/07/13) AOT cutting par value — AOT is to reduce par value from Bt10.00 to Bt1.00 after prices […]
Read More →SCB’s EIC (Economic Intelligence Center) just put out this chart (red line – property; yellow – consumer spending; and blue – auto), essentially shows what we have been thinking for the past few months that the Thai consumer may be tapped out with the recovery from the floods in 4Q11, the first time car buying scheme and […]
Read More →GRAMMY GMM Grammy issues new shares ahead of license bid – In preparation for its bid to secure digital terrestrial TV licenses, entertainment giant GMM Grammy yesterday issued 106,052,989 new ordinary shares at par value of Bt1 each, to be offered to existing shareholders at a ratio of one new share per five existing ordinary […]
Read More →CENTEL 2Q13 good — CENTEL said that earnings for 2Q13 were good, benefited by the higher average occupancy rate of 75%. It plans to add 3-4 hotels to its management portfolio in China and expects the deals to be concluded by the end of this year. Its food business is also enjoying steady growth, and […]
Read More →Last week was another volatile week for the market with the SET rising some 4% on Thursday to ensure the market was flat for the week. Â
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