Big Mac Index
It’s always good to have a quick look @ the big mac index just to get a quick overview of where things stands for currencies, by the looks of this Thailand still seems to be undervalued Source: The Economist
Read More →Tag: SET Index
Management Trades – July 2013
Notable Transactions Note: All transactions highlighted are above THB 20 mn in value Buy(s) THB 2.2 bn MC – Basically a swap of shareholding between husband and wife CGD – They have the news of their massive property projects going ahead, plus a potential REIT in the future. PICNI – CP Group buying into Picni? […]
Read More →Stocks in the news (aav, bgh, bjc, csl, css, kce, ktc, mill, pace, rpc, takuni, unique, vgi) 06.08.14
AAV Thai AirAsia’s load factor slides in Q2 — Thai AirAsia (TAA) carried 16% more passengers in the second quarter but the growth lagged behind its 23% rise in capacity. Thailand’s largest low-cost carrier recorded 2.8mn passengers between April and June when it had 3.6mn seats. TAA’s load factor was 78%, down from 82% in […]
Read More →Stocks in the news (advanc, ap, bcp, bmcl, cpn, eureka, grammy, jas, ktb, ktb, maco, psl, pttgc, snc, thcom) 05.08.14
ADVANC ADVANC plans to pay DPS of Bt6.04, XD 13 August, though its 1H14 net profit declined to Bt17,96bn due to higher depreciation and amortization. Its 3G clients increased to 34.4mn but the company reduced revenue growth target to 1-2% YoY in 2014. (Kao Hoon, 05/08/14) Comment: ADVANC has been an easy trade in the past 2 […]
Read More →Sector Update 28/07 – 01/08
So the market pulled back further, why? Reality set in with poor corporate earnings for the time being perhaps? Argentina’s debt default, don’t believe that is much of an issue, they are the world’s serial debt defaultor, and telco’s were hurt yet again (although mid-year divvy’s should support them). Going forward more corporate earnings, its […]
Read More →Management Trades 28/07 – 01/08
Notable Transactions Buy(s) THB 29 mn n/a Sell(s) THB 86 mn TGPRO – Even after two recapitalisations of equity TGPRO still can’t seem to be profitable, and now they MD sells THB 56 mn TPIPL – Â A director sells of THB 25 mn, the stock price has been doing well b/c the company has an […]
Read More →Stocks in the news (ait, bbl, bkd, css, earth, eforl, ichi, samco, sawad, sf, singer, thai, vih, vng) 04.10.14
AIT AIT said 2Q14 earnings were good – results will be out sometime this week. It expects to receive more government work in 3Q14. Management is confident that revenues this year will reach its target of Bt6.2bn supported by backlog of more than Bt5bn. It will also start booking revenues from its join venture business. (Kao Hoon, 04/08/14) […]
Read More →Are these the dog days of August?
With the SET continuing to be a weak, plus the world headlines showing us news such as Argentina defaults on its debt, Hamas vs Isreal, Portuguese banks going bankrupt, Obama being sued etc etc, are these the dog days of August? Quick look over the past 6 years doesn’t indicate anything clear (although chartists may […]
Read More →Co Visit: MBK Plc
MBK finds strength in diversity to provide shareholders with consistent returns MBK Plc was founded in 1974 as Mah Boon Krong Drying and Silo Co Ltd, and in 1985 it opened the Mah Boon Krong shopping centre, which remains a Bangkok landmark. Today it has a broad portfolio of businesses ranging from shopping centres and […]
Read More →What happened this week 28/07 – 01/08
Thailand UTCC cuts GDP forecast to 2.2% from the previous 2.5%. It says the largest downside risk is delay in government spending. The 2.2% annual growth translates to 4.3% growth in 2H14. (Kom Chud Leuk, 01/08/14) Export outlook decays further, shippers slash view to 1.6% growth at best – Although the Commerce Ministry has maintained its […]
Read More →