The market rallied strongly towards the end of last week driven purely by the Banking and Telco sector. We have our doubts on Thai banks attaining double digit growth rates for 2014, there’s no more corporate income tax to help the profit growth as there was in the past few years, and loan growth looks […]
Read More →CSS CSS to penetrate telecom market in Myanmar to expand its revenue channels. It expects revenues for 2014 to reach Bt4bn supported by Bt700mn from a job for TRUE, plus backlog of Bt800mn. It is waiting to see if it will win a job to set up 1,500 poles for DTAC – results are to […]
Read More →Notable Transactions Buy(s) – THB 121 mn PS – K. Thongma keeps buying his shares TMT – Management has bought up close to THB 50 mn worth of shares Sell(s) – THB 11 mn n/a
Read More →What happened: Chu kai Plc (ticker: CRANE) announced on the 14th January 2014 a sale of land worth THB 500 mn. CRANE itself is leasing cranes that can be used in many industries such as construction, import and export, refinery plants, power plants, and petrochemical plants. Most cranes of The Company are good used cranes […]
Read More →On the 13th January, MC Group (ticker: MC)Â announced two new major shareholders, both are well known long-term investment group, Lombard through its investment vehicle, Mindo Asia Investment Ltd and NTAsian Discovery Fund. So what? Well both groups are run by smart fellows, Lombard is well-known within Thailand for its holdings in Ticon, CPN, AS, SAT, […]
Read More →This happened 2 weeks ago as well as a few other deals that I’m just getting around to writing about, the details are as follows: Siam Commercial Bank (SCB) sold a 60.9% stake of Siam Commercial Samaggi Insurance (SCSMG) The value of the transaction is USD 185 mn at THB 27.60/share and SCB is expected […]
Read More →While we applaud the fact that the SEC does take action against insider trading, but 7 years later? Really? And only a fine of THB 27 mn despite the fact this is an egregious action against public investors. Anyways at least we know this is another company to put on the blacklist for investing in […]
Read More →There’s been confusion amongst a lot of us about what on earth the State of Emergency means this time around. When the previous SoE was declared during the red-shirt riots, we had curfews and demonstrations were banned and the government and military enforced them. This time around these are the 5 measures for the State of […]
Read More →HEMRAJ HEMRAJ aims land sales of 1,600 rai and invest Bt6bn in 2014. It will launch the 7th industrial park, Hemaraj Chonburi 2, in 4Q14. It views the political situation as an opportunity to buy cheap land. (Khao Hoon, 24/1/14) Comment: Still the best company around, if the stock price drops enough as a function […]
Read More →This is a question we get posed every year regarding our thoughts on the economy, the markets, which sectors are good/bad etc etc and while we make the necessary presentations with pretty powerpoint slides and insightful graphs, after being in this business for the past 8 years the best answer I can give is I don’t […]
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