In January the SET Index performed extremely well and far above what we expected, unlimited funding for bankrupt countries with only 1% funding has seen liquidity pile into equity markets globally. The Thai Banking sector has underperformed because of the unclear deposit – B/E charges for the FIDF debt repayment issue.
Read More →UBS put out an extremely good paper demonstrating where the growth areas are in Thailand. In summary it shows how the provinces have grown far faster than Bangkok city in the past 15 years primarily due to manufacturing becoming a more prominent part of the economy here. This merely proves what a lot of us […]
Read More →“Floods? What floods? Thailand will be safe forever, people love this country, companies will always come here for business!” That’s the normal rhetoric from the government/politicians etc. etc. etc..and even from myself most times, albeit with a small disclaimer that the above won’t be the case unless the government acts to show that it is taking […]
Read More →Markets are still soaring, YTD up 3.3% with all sectors in the green and only financials underperforming because of the Thai government wanting to transfer the FIDF debt burden from the government’s balance sheet to the Bank of Thailand’s balance sheet. Looks like the LTRO from the ECB is working its liquidity wonders similar to […]
Read More →Â Notable transactions: President of Bangkok General Hospitals (BGH) bought USD 2mn worth of shares in the company, interesting, and this despite the fact its trading @ 27x trailing PE Anant Kanjanapas has been accumulating shares in BLAND for the past few years, perhaps he’s looking to finally unlock the value in the company shares.
Read More →IFS Capital (Thailand) Plc was incorporated on March 21, 1991 as Ayudhya International Factors Co Ltd (AIF) with initial paid-up capital of 50 million baht. It was a joint venture between Bank of Ayudhya Plc (BAY) and IFS Capital Ltd. BAY sold its shares in AIF to the IFS Group in January 2007, and in […]
Read More →Global rallying continuing, ECB’s promise to provide essentially unlimited amount of funding to European banks has the bears running scared and the bulls out in full force. Quite interesting to see the weaker dollar reaction to all this.
Read More →A new weekly post that we’ll start putting up here. We track daily the trades of management from public companies here in Thailand. Despite what people say, if we see management selling shares its a red flag, I don’t care if they publicly say its for personal reasons, 99/100 times it means that they think […]
Read More →This government is proving to be fantastic for the stock market in Thailand, first with its plans to drop corporate income tax rates to 20% over the next few years and now this. The Stock Exchange of Thailand (SET) would be delighted if the Revenue Department waived dividend taxes, especially since this would boost sentiment […]
Read More →I touched on the fact that the government was trying to transfer the FIDF (Thailand’s loans from the ’97 asian financial crisis) from the government’s balance sheet to the Bank of Thailand’s balance sheet. And now there is a recent development, according to local news today the BOT Governor is exploring ways to make up […]
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