ThaiCapitalist research
Fun times this week! The BoT meets to discuss rates in Thailand, the Fed meets later in the week to discuss interest rates, volatility shall reign supreme. In the meantime, look at the beating taken by financials and property this year. If you believe that things will eventually recover by this time next year, […]
Read More →We now joke that the military voted down its own constitution. Last week the NRC rejected the 2015 draft constitution with only 105 voting yes which is short of the 124 required to send it to a nationwide referendum. So what? Well elections are now definitely NOT happening in 2016 because this means things will […]
Read More →Source: The Economist
Read More →…he said something about investing that I keep going back to: “It’s not supposed to be easy. Anyone who finds it is easy is stupid.” Source: Oaktree Capital Sit back, grab a cup of coffee and be prepared to spend your whole morning reading, re-reading, and highlighting this latest memo from Howard Marks.
Read More →CB Leaves Rates On Hold as Investors Look to Draghi for QE Hint – The European Central Bank left interest rates at record lows, shifting the focus to President Mario Draghi’s press conference for clues on whether he sees a need to step up stimulus. The 25-member Governing Council kept the main refinancing rate at […]
Read More →AAV AAV will pay its first ever dividend at Bt0.10/share, XD on September 14, paid on September 29. It expects 3Q15 earnings to be better on the back of recovery in tourists and lower oil price. It plans to open a new route soon. It expects 4Q15 earnings to peak thanks to seasonality. (Thun Hoon, […]
Read More →Full integration helps STA stretch its reach Sri Trang Agro-Industry Plc (STA) is the world’s largest fully integrated natural rubber company and listed on both the Thai and Singaporean stock exchanges. Executive director Veerasith Sinchareonkul discusses the company’s strategy and outlook. Please explain the history of STA. STA was founded in 1987 focused on producing […]
Read More →AJD AJD’s board of director has approved the rising capital in the amount of Bt80mn (800mn shares at Bt0.1/share par value). This will increase registered capital to Bt550mn (from Bt470mn). (Krungthep Turakij, 10/09/15) Comment: And are you surprised by this? BCP BCP to list renewable energy arm. The state-majority-owned Bangchak Petroleum Plc (BCP) plans to […]
Read More →A great article I just found on the FT’s website talking about how the changes in the Mekong trade are affecting Thailand’s trade with its neighbours, the key points are as follows: Credit-fuelled consumption booms in Laos and Cambodia have begun to soften, while Myanmar is diversifying its trading relationships. The result has been sharp falls […]
Read More →BANPU BANPU plans to list subsidiary Banpu Power (BPP) on the SET in 1Q16. It targets an increase in electricity capacity from 1,878MW to 2,700MW to 4,000MW in the long term. (Khao Hoon, 09/09/15) Comment: This should change the value proposition in BANPU dramatically. BROCK BROCK is talking to three prospective partners to invest in […]
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