1Q12 GDP just released this AM, growing + 0.3% YoY vs consensus -0.5% YoY, and up +11% QoQ. Just briefly consensus estimates for the year are as follows: GDP Growth: 5.5-6.5 % Inflation: 3.5%-4.0% My thoughts? Nice quick recovery from the disastrous 4Q11 where Thailand was economically devastated by the floods. We’ll go through the […]
Read More →Lots of buying in the past week! Notable transactions: Buy: BLAND – K. Anant is having a good time yet again with his stock price, watch him keep buying and then sell about 0.70 again. ERW – A company I think is stupid cheaply on an NAV basis (Bt. 5.5/share is our estimate) but until […]
Read More →Just a quick fyi before I run out of the office. MSCI announced this morning their update to be used in the calculation of the MSCI Global Standard and Global Small Cap shares that will be effective as of 31 May 2012. MSCI Thailand Index Addition: SCC MSCI Thailand Index for Global Small Cap. Additions: BLA, EARTH, SC, SF Removals: HMPRO, SCCC, MAKRO, TSTH and TUF Source: MSCI
Read More →Anyone else feel that the Thai market has been acting odd the past two days? Down some -25 pts on Monday to rebound back +19 pts on Tuesday. Looks like the prop traders are having a ball with this volatility.
Read More →Prepare yourself for the following, every week we are going to hear about China slowing down and the government there taking measures to boost liquidity, every week we are going to hear about the Euro debt crisis and how its Germany vs Latin euro countries, every week we are going to hear about the US economy slowing […]
Read More →Notable Transactions: A relative quiet week again except for KBANK (Kasikorn Bank) and NMG (Nation Multimedia Group) with the owners buying massive stakes in their respective companies.
Read More →Our queen chartist has returned with her latest thoughts! Key point watch the foreign buy/selling in the banking sector!  “I will never leave you, nor forsake you. – Hebrew 13:5†Well, the Divine may not leave us, but I am pretty sure someone is forsaking us, leaving us in misery: Foreign investors. The foreign volume […]
Read More →Established on April 30, 1999 as a distributor of innovative chemicals, Union Intraco Plc (UIC) is a Thai-owned company headquartered in Bangkok. Initially, UIC specialised in the domestic market. However, as it earned a reputation for its innovative approach, it secured distribution agreements with chemical manufacturers and suppliers worldwide. It eventually became a public limited […]
Read More →Europe, China, US, that’s all in the news these days, fairly obvious to expect more volatility to the downside given the SET’s lofty valuations.
Read More →Notable Transactions: Buys Nothing really much happening on this side at all last week. Perhaps the only notable transactions was by the SGP CEO. We’ve heard in the market that their 1Q12 earnings will be equivalent to the FY11 EPS because of inventory gains, not a reason for us to buy though. Sells BWG – […]
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