Last post for the year
With Xmas and New Years within the next 2 weeks, this will be the last post for the year as its time to unwind, relax and recharge for what will be an exciting and most likely volatile 2015.
2014 was close to a normal year for Thailand, we faced a military coup with a self installed military government that vows democracy [doesn’t this feel like Groundhog Day?].
The stock market rallied from its lows at the beginning of the year to be up +15-20% as of now and we have seen many things happen:
- The infrastructure spending plans go through
- Digital TV beginning to have an impact
- The NBTC/TOT/all telecom agencies hurting the telco companies – except True which has a new shareholder in China Mobile
- Every small IPO going through the roof on its first day of trading and backdoor listing’s that sated retail investor’s appetites
- Rumours around the King’s health
- Rumours about an anti-coup coup
- The police being cleaned out by the military.
- A recent collapse in oil prices
Thus a typical year for Thailand, some great wins, some big losses but in the end the country is still doing fine, the economy is still ok, and should the powers that be not mess things up too badly everything will be fine.
My biggest misses for the year, which still constantly annoy me whenever I look at their stock prices, were Union Auction PCL (AUCT) (up 7x) and Energy Absolute PCL (EA) (up 3x), I know why I missed them both despite having seen them both directly/indirectly and I’ll just jot down these misses in my (now massive) notebook of things to remember.
So thank you all for reading, have a great holiday and see you all next year
Pon
Mike
I look forward to reading your blog in 2015. Thanks a million for your hard work.
Mike
Toy
Thanks you very much for all of your useful post. I love reading about your opinion on the comment section. See you again next year and have a great one.
TONY
Hi Pon.
Thanks for another informative year. It has been a good year for me and I appreciate your website for helping me to stay informed.
Tony
CP
Thanks for your hard work this year, looking forward to next!
Boris
Thanks for all your hard work. Always looking forward to your insightful comments also next year.
Wishing you a happy and prosperous 2015!
Migo
Thanks,
This is my favourite read for Sundays
Happy new year!
Xavi
Thank you Pon, this is a fantastic website and is a great source of info for some of us investors.
Cheers
Xavi.
Mike
When are you back in the game, Pon? I’m itching for this blog to kick off again.
Happy NY.
Mike
Pon
Starting again tomorrow AM 🙂