The first rule of fight club investing is don’t fight with the central banks. Globally central bank policies have certainly transformed markets and placed a floor under all pull backs over the past few years. First the ECB pledge’s to buy up 3 year bonds (unlimited purchasing) of countries that will obey the laws and conditions […]
Read More →Saw this article over at CNBC and it does a nice summary of what we were all waiting for this government to finally confirm and announce. THB 2.2 trillion baht worth of projects and liquidity to flush the system here. While companies will benefit? Well in this order I think. Contractors – Cement co’s – […]
Read More →Thailand’s Export numbers for August were rubbish, according to the the Ministry of Commerce reported that exports dropped -6.9% YoY  to US$ 19.6 bn from -4.4% YoY in July (although they were still up +1.1% MoM) Still something we’ve been writing all year is that because of the austerity measures in Europe coupled (and partly leading […]
Read More →What a month the SET is having, up nearly 5% already, so much for September being the worst month of the year for equities!
Read More →Notable transactions Buy(s): BGH – The President continues his accumulation of shares, he started since around THB 80/share BTS – Now this is interesting, whilst the VGI listing is a good sentiment boost for the stock, I’m thinking aloud that it may be the potential of an infrastructure fund that may be the reason behind […]
Read More →I had the pleasure of meeting Stars Microelectronics in 2009 when the company was making its margins building screen after screen for RIM (blackberry) and its revenues manufacturing hard drives for Western Digital. The owner had a very good story regarding how the company came to be and within the past year has been unfortunately […]
Read More →Analysts have been sending me this table most of today with the headlines that Thai Bank’s loan growth has been slowing in the month of August but a MoM growth of +1.0% for the whole sector isn’t bad. Based on the figures this is what I see: The Small financial institutions (KK and TISCO) have […]
Read More →The Fed announces unlimited funds…well then naturally equities go up
Read More →Given that I’ve just arrived in Brussels (centre of the ECB and EU negotiations!) I thought it would be appropriate to list every single risk possible for the markets Spain delaying its turnaround and asking for more bailout funds China slowing down further India slowing down further Civil Unrest in the Middle East spiking oil […]
Read More →Notable Transactions Buy(s): SAT – Director accumulates shares in the company, no surprise, SAT is one of the main beneficiaries of the automotive growth trend within Thailand as both domestic consumption and exports have done very well this year Sell(s): MINT: O__o, owner sells 1 bil baht worth of shares… TUF: There has been constant selling over […]
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