ThaiCapitalist research
Well its a question we’ve been asking for a while, so last week we decided to take a quick a look at how the sector weightings have changed since the end of ’07 and its quite surprising. In the past we’ve always taken for granted that Resources were the biggest weighting in the SET, however […]
Read More →CENTEL CENTEL looking at great 1Q13 — CENTEL expects strong 1Q13 results driven by a high occupancy rate of 80% in this, the high season for Thai tourism. It says that it will sign a management contract with a hotel in Pang-Nga. (Than Hoon) Comment: The company and stock has performed well, however such performance […]
Read More →Market rallied back strongly last week getting back most of the gains that were lost in the “mini-crash” 2 weeks ago. April is expected to be a quiet month, its Songkran, lots of people are going to be gone for 2 weeks, so it will be a good time to sit back and look for […]
Read More →Notable Transactions Buy(s): AH – More buying by the founder post their JVÂ announcement JUTHA – Just like TTA and PSL this stock is trading stupidly cheap, no surprise to the MD buy THB 30 mn shares, however I am curious about the sudden spike in the stock price since his purchase… TTA – TTA has […]
Read More →BIGC BIGC in huge expansion — Big C Supercenter will double its investment this year to Bt8bn to open more than 200 new stores in all formats and develop two distribution centers to reduce risks from flooding. About Bt5bn will be used to open six hypermarkets, 13 Big C Markets, 150 Mini Big Cs and […]
Read More →Hahaha I remember this one well, one of the first companies we started writing about…movement upon consumer protections here in Thailand are still quite slow, then again anything that has to go through a government body will take time. A group of 639 members of the bankrupt California WOW (CAWOW) health club gathered on Sunday […]
Read More →News flow from companies has quieted down, well its holiday time soon anyways. PTTGC PTTGC nears Indonesia JV — PTTGC has moved closer to jointly setting up a US$5bn petrochemical complex with Indonesia’s national oil conglomerate, PT Pertamina. A deal signed yesterday by the two partners kick-started a feasibility study for the naphtha-based project on […]
Read More →AH Aapico enters parts venture — Sumino Kogyo Co, the Japanese supplier of Mazda Corporation, will enter a Bt600mn joint venture with AH to make precision-press welding parts in Thailand. The JV will set up a factory in Chonburi’s Amata Nakorn Industrial Estate, with full operations nearly next year. Sumino will hold 51% and AH […]
Read More →We haven’t been surprised by the movement in the THB and still argue that eventually the currency will return to THB/USD should be 25 within a relative short period of time (not tomorrow obviously). Thus fund flow, Fitch ratings upgrade, a “stable” government, and yields to chase and voila Thailand receives fund flow Thailand’s baht […]
Read More →Positive(s) The finance ministers of 17 eurozone countries approved an EU-IMF plan for restructuring Cyprus’s banking sector on Monday, putting their stamp on a proposal that will fundamentally overhaul the country’s two largest banks. The plan, negotiated on Sunday between Cyprus’s president and EU and IMF leaders, is seen as workable US: The Federal Reserve […]
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