Category: Research

ThaiCapitalist research

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Stocks in the news (ajd, aot, bay, bts, cei, cmo, dcon, delta, dtac, eastw, epco, focus, forth, kcm, lpn, mida, nch, robins, sgp, spa, tipco, uac) 06.03.15

AJD AJD’s board calls off par split. It hopes to maintain shareholders’ benefit according to good governance practice. Also, shareholders were objecting. The SET had requested AJD to clarify the two par splits in a year, only four months apart. (Thun Hoon, 06/03/15) Comment: More like they were getting slapped on the wrist for wanting […]

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FTSE Global Equity Index Changes

Hot off the presses: The FTSE Global Equity Index Semi-Annual Review which will take place as of the close of Mar 20, 2015. BAY will be removed from FTSE All-World and FTSE Large-Cap and TRUE is upped to Large Cap from Mid Cap. FTSE Large Cap: Add: TRUE Delete: BAY FTSE Mid Cap: No addition […]

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Stocks in the news (bmcl, cpn, dtac, hmpro, mill, mono, ncl, psl, pylon, qh, tasco, tgpro, uv) 05.03.15

BMCL Blue Line negotiations, not bids – The cabinet has given the green light to the Mass Rapid Transit Authority of Thailand (MRTA) to negotiate with BMCL with regards to operating the Blue Line extension. In addition, the Transport Minister is ready to bring back the Joint-Venture 2013 law between state enterprises and private operators. […]

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Investor Movement – Feb ’15

Thoughts: Foreigners are still selling this market. Almost anyone you’ll talk to internationally does say that there isn’t any value in Thailand I never like seeing prop trading being one of the largest buyers, indicates that should there be a market downturn – all positions will be dumped Retail – Only came into in the […]

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Stocks in the news (ajd, big, cbg, ccp, cho, demco, ea, eforl, ichi, ilink, itd, mint, malee, mc, s, scc) 03.03.15

AJD SET urged AJD to clarify its frequent par splits, twice in four months, within Mar 5 with details. The regulator is in doubt of the company’s corporate governance. (Kao Hoon, 03/03/15) Comment: This is a positive move by the SEC, its good to see regulators actually be active. BIG BIG will resume its trading […]

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Thailand’s making less babies = poor GDP growth?

Firstly, thanks to KB for sending me this article. I’ve joked with former colleagues that the increased usage of condoms will hurt GDP in the long term (crude joke I know) but there is a definite correlation that between population growth and GDP growth (in half decently run economies). These charts from the UN were […]

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Management Trades – Feb ’15

Notable Transactions Buy(s) THB 7 bn BTS – A trade between father and son RS – Despite the company selling treasury shares the owner still continues to buy NBC – Involved in both NMG and NBC IFEC – A share swap between tnhe two major shareholders SYNTEC – This “smaller” construction co has been able […]

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Stocks in the news (ajd, anan, auct, cpf, epg, jas, pf, salee, tuf, true) 02.03.15

AJD AJD announced a par reduction to Bt0.01 from Bt0.10 to enhance the stock’s liquidity. It plans to list subsidiary, Happy Vision on mai next year. It targets doubling revenue this year after entering the entertainment business and expects to sell 4mn set-top boxes this year. (KrungthepThurakij, 2/3/15) Comment: Stock split! ANAN ANAN to go […]

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Market Update 23/02 – 28/02

The market has struggled to stay above 1,600, what with oil prices still below 50, telecom’s being hurt from the postponement of 4G and the fact that most companies earnings aren’t really that strong (bank lending was negative for the first time in years).  Going forward a few more companies still need to release their […]

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Berkshire Hathaway’s 2014 Annual Letter

Bored at work this morning? Buffet’s latest annual letter is out and here are three comments I found interesting Charlie and I encourage bolt-ons, if they are sensibly-priced. (Most deals offered us aren’t.) They deploy capital in activities that fit with our existing businesses and that will be managed by our corps of expert managers. This means […]

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