BA BA looks for good 2015, supported by better tourism industry. It expects passenger number to grow by 6mn from 4.79mn last year. It will expand fleet, adding four new ATR72-600s. In 2018, it will have 43 planes versus 27 planes at end 2014. This will support passenger growth in line with the turnaround of […]
Read More →The market has been see-sawing over the past 2 weeks to the downside for a few more reasons 1) BAY’s stock price continues to decline from its speculated highs 2) Earnings were mainly poor across the board for all co’s 3) Oil prices and telco’s are still not loved by the market with the continued […]
Read More →Notable Transactions Buy(s) THB 216 mn SIRI – Is SIRI coming back to life? CPF – A first major buy in CPF by a director for a number of years. RS – He’s still buying Sell(s) THB 1,022 mn ABC – The CEO sold/transferred ~7% all of shares at a price thats 25% below market […]
Read More →Thailand Sommai firm on land, construction tax – Finance Minister Sommai Phasee vowed yesterday that the draft land and construction tax bill would be finalised in two weeks and forwarded to the Cabinet. (The Nation, 6/3/15) Slide in consumer confidence prompts calls for rate cut – Consumer confidence continued to crumble last month, prompting a […]
Read More →AJD AJD’s board calls off par split. It hopes to maintain shareholders’ benefit according to good governance practice. Also, shareholders were objecting. The SET had requested AJD to clarify the two par splits in a year, only four months apart. (Thun Hoon, 06/03/15) Comment: More like they were getting slapped on the wrist for wanting […]
Read More →Hot off the presses: The FTSE Global Equity Index Semi-Annual Review which will take place as of the close of Mar 20, 2015. BAY will be removed from FTSE All-World and FTSE Large-Cap and TRUE is upped to Large Cap from Mid Cap. FTSE Large Cap: Add: TRUE Delete: BAY FTSE Mid Cap: No addition […]
Read More →BMCL Blue Line negotiations, not bids – The cabinet has given the green light to the Mass Rapid Transit Authority of Thailand (MRTA) to negotiate with BMCL with regards to operating the Blue Line extension. In addition, the Transport Minister is ready to bring back the Joint-Venture 2013 law between state enterprises and private operators. […]
Read More →Thoughts: Foreigners are still selling this market. Almost anyone you’ll talk to internationally does say that there isn’t any value in Thailand I never like seeing prop trading being one of the largest buyers, indicates that should there be a market downturn – all positions will be dumped Retail – Only came into in the […]
Read More →AJD SET urged AJD to clarify its frequent par splits, twice in four months, within Mar 5 with details. The regulator is in doubt of the company’s corporate governance. (Kao Hoon, 03/03/15) Comment: This is a positive move by the SEC, its good to see regulators actually be active. BIG BIG will resume its trading […]
Read More →Firstly, thanks to KB for sending me this article. I’ve joked with former colleagues that the increased usage of condoms will hurt GDP in the long term (crude joke I know) but there is a definite correlation that between population growth and GDP growth (in half decently run economies). These charts from the UN were […]
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