Tech continued its massive run with DTAC announcing a 20% dividend yield. Hmmm a telco that decided to borrow THB 30 bn to pay a THB 39 bn dividend, essentially wiping out its retained earnings, currently investing minimally in the network, is Telenor finally going to leave Thailand after being fed up with this AIS-TOT, […]
Read More →Latest thoughts from Ploy ! As we are in the last week of the year 2011, there is no joy to the world of investment. The SET hit the cycle resistance during Christmas and fell back down, as the Baht is weakened against the Dollar. From the chart, the Baht/Dollar exchange rate may head up […]
Read More →Latest thoughts from Ploy! The SET is now sluggish but upside is still seen. I still maintain my opinion that the SET, and other equity markets may continue the rally until Christmas, as shown in the charts for the past 2 weeks. Unless the SET breaches above the barrier at 1,075-1,078 before/around Christmas, it may […]
Read More →Comments: 1. The resources industry has continued its improvement from its lows this year, hardly a surprise given that oil prices are likely to remain high for the rest of the year. 2. Technology has continued to remain buoyant on the back of a massive special dividend from DTAC (giving it a yield of 20% at […]
Read More →The Crane Group of Cos was set up by Thongchai Praerangsi in 1990 to provide rental services of cranes, forklifts and other construction machinery for lifting, assembling and installing large and heavy objects as well as machinery sales under The Crane Services Co Ltd (TCS). As the industry continued to expand, Mr Thongchai set up […]
Read More →Latest thoughts from chartist Ploy! She’s looking closely @ the Dollar Index and the impact on the markets globally. Apologies for my last week’s forecast that the US dollar index would fall until late December. The US dollar index bounced back and made a significant breakout above the given barrier at 79.70-79.84. It may head […]
Read More →Comments: We decided to expand this weekly update to include the relative valuations of each industry sector as it will help to highlight why certain industries are more attractive. The SET continued to gain very strongly in the first week of December buoyed by silly news in Europe that the crisis will magically come to […]
Read More →Latest thoughts from our resident queen Chartist Ploy, in summary she’s look at: 1. World equity markets rallying until Xmas 2. Keeping an eye at the USD/THB rate as it will dictate the movement of the market. Last week was amazing. The SET breached above 2 barriers last week, which are the barriers at 989 […]
Read More →Comments: So all the returns for the market this year happened in November 2011, its incredible how if you were heavy on cash during that period that you would’ve completely missed out. There was a broadbased recovery in the Agro & Food industry, financials and resources as fears over the euro crisis subsided. We noted what […]
Read More →Interesting read in yesterday’s Bangkok Post about the government revising Thailand’s renewable energy targets for the next 10 years. It is something that is absolutely necessary for Thailand as the country is a net importer of oil. http://www.bangkokpost.com/business/economics/268692/renewable-energy-goal-revved-up Key point(s): 1. Government approved a revised plan to up renewable energy to 25% from 20% of […]
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