Chart: Historical look @ SET Index’s bull runs
Just to give some perspective on whats happened…
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Two main reasons Thai banks keeping growing
Other than the simple reason that Thai banks corporate income tax rate is dropping from 30% last to 23% this year to 20% next year which has been a boon to their bottom line (remember the thai banking sector is really the only sector on the market paying full corporate income tax rates) the two […]
Read More →What happened this past week?
Positives: Thai banks earnings continue to do well up on avg 20% thanks to more expansion in consumer banking Fed sits quietly this time US Q3 GDP grows 2% vs est of 1.8%, helped out by .6% contribution from defense spending. Consumption up by 2%. German consumer confidence rises to highest level since Oct ’07. […]
Read More →Quality, Versatility and Efficiency sweeten appeal of khonburi sugar
Khonburi Sugar Plc (KBS) was established in 1965 by Tawil Tawintermsup under the name Nong Yai Industry Co Ltd in Chon Buri’s Nong Yai district, with a cane crushing capacity of 1,500 tonnes a day. Listed on the Stock Exchange of Thailand in May 2011, today KBS crushes more than 20,000 tonnes of cane daily […]
Read More →AIS ranked one of the 5 best stocks in Asia ! O__o
Normally one would only read about negative news regarding Thailand on CNN, how far things have come, with AIS being ranked amongst the top five stocks in Asia. Advanced Info Services: AIS is the largest telecom company in Thailand. Singapore Telecom, the region’s largest carrier, has a 23% stake in AIS. But I like AIS […]
Read More →Management Trades 15.10.12 to 19.10.12
Notable Transactions Buy(s): BLAND – K. Anant is still accumulating shares! This run up is nowhere near finished. Sell(s): ERW – Hmmm ERW is a stock/company I’ve liked for a while and to see one of the founding family members sell off a portion is a slightly disconcerting (especially after analysts began writing about it […]
Read More →Sector Update 15.10.12 to 19.10.12
The agriculture sector has made a good comeback this month, reason why? CPF mainly, it was oversold over the past 2 months b/c of commodity price issues (which have proven to be temp) and I’m hoping for it to continue 🙂 As for the market as a whole, flattish month but still up 0.7%, earnings […]
Read More →What happened this past week?
A quick summary of the week’s events Positive(s) US Sept Retail Sales rise more than expected almost across the board UK unemployment falls to 7.9%, lowest since June ’11 with claims down in Sept Automotive sector continues to boom w/ production @ 280k units in September, highest in the history of Thailand. 3G auction finally […]
Read More →BOT Governor flip flops
Well then, first on the 14th of this month the BOT Governor comes out publicly saying “Thailand doesn’t need an interest- rate cut as credit growth is accelerating and domestic demand is countering a slowdown in exports, central bank Governor Prasarn Trairatvorakul said.” Source: Bloomberg And then on the 18th of this month, the BOT […]
Read More →Earnings earnings earnings!!
3Q12 earnings seasons is upon us! And banks have already come out with their numbers, most have done quite well, no real surprise given their income tax costs drop from 30 to 23%, except for TCAP which was down 27% QoQ b/c of increased provisions (quite a surprise). Expect to see a summary of all […]
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