A wonderful op-ed over @ the FT (link below) where El-Erian discusses the relationship between investors and economists and arguably how economists aren’t necessarily the best sources of information when making investment decisions. Enjoy the read 🙂 Judging by past experience, economists are not well placed to make confident predictions about the risk of greater […]
Read More →AOT AOT: FY3Q14 earnings (Apr-Jun) will increase by 6% YoY supported by tax benefits and lower interest payments. It also said to watch for plans from the NCPO to stimulate the tourism sector. AOT said flights were full and low-cost airlines are supporting revenue. (Tun Hoon, 16/07/14) Comment: AOT will continue to benefit as it […]
Read More →Talks between the Finance Ministry and the Federation of Thai Capital Market Organizations (Fetco) over renewing tax deductions for investment in long-term equity fund (LTFs) remain inconclusive, making it likely the rule will be reduced or scrapped. Source: Bangkok Post LTF’s and RMFs had dramatically changed the Asset Management industry structure in Thailand since inception. […]
Read More →With Thai Bond yields and the BahtĂ‚Â strengthening to 3.19% and 32.13 this morning, we had a quick look @ how much has been bought in the past 3 weeks. Basically we’ve seen (see charts below) foreign investors buy up some THB 15 bn in the past 3 weeks and in the same period the market […]
Read More →It’s monthly/quarterly paper time from all the major asset managers and Byron Wein of Blackstone should be on anyone’s reading list. In his latest “The Smartest Man in Europe” there are several interesting discussion points ranging from a new industrial revolution to Europe’s political weakness to viewpoints on specific emerging countries, all in all a […]
Read More →BLAND BLAND expects 2Q14 earnings to break a record high with gross profit of Bt7-8bn in the quarter, up 60% QoQ, after reversing provisions set earlier for a court case that has now expired; operating performance was also strong. Its book value is also expected to increase to Bt3.25/share supported by the rise in land […]
Read More →Banks are still driving this market, and with foreign investors returning to Thailand, see the baht and bond market strength in recent weeks, plus regionally as well, there is natural spillover into the local equity market. We still have the same scenario occuring here, a recovery of sorts across the board plus the promise of […]
Read More →Notable Transactions Buy(s) THB 1.8 bn CGD – Family member buys a huge block stake, upcoming projects + REIT on the cards MC – Husband and wife seem to be splitting up, the wife will continue to run the show as she has done since the company’s inception. NWR – The owner still sees value […]
Read More →ADVANC ADVANC will invest more than Bt1.4bn this year to help expand the number of base stations to more than 252,000 in the country and to improve its call centers and change its uniform design. (Khao Hoon, 14/07/14) CPF CPF said sales will grow by more than 15% this year due to lower raw material […]
Read More →Thailand Clarification on water projects requested — The National Debt Office will ask NCPO to clarify its stance regarding the water projects and the upcoming Bt3.5tn infrastructure plans. The financing is already in place, but the office said no funds have been withdrawn. (Krungtep Thurakij, 10/07/14) ‘Superboard’ sets up three sub-panels – The junta’s “Superboard” […]
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