Sector Update 28/10 – 01/11
What happened to the market? Simple, Politics! But market reaction is always short term in nature with this.
Read More →Tag: Thai equities
PM’s speech re Amnesty Bill
If you need a good giggle, read the full article Dear People, The country has sustained damage inflicted by political conflict for the past 10 years. After I was elected to take office, I believe every Thai citizen agreed the country would not move forward if the conflict persisted. When this government took office, I […]
Read More →Management Trades 28/10 – 01/11
Notable Transactions Buy(s) THB 509mn BGH – Another THB 506 mn bought by K. Prasert Sell(s) THB 248 mn BEAUTY – Big off the market transaction of THB 213 mn by principals IFEC – The founder, K. Narong, continues to sell his shares
Read More →Thai Protesters Rally in Bangkok to Oppose Amnesty Bill Push
The weekend’s and yesterday’s protests actually caught quite a fair bit of attention in the global media and made the market drop some 40 pts (2.5%) in a day. Our viewpoint is simple, this bill still has to go through the Senate and then the Constitutional Court at which point we think it won’t pass. […]
Read More →Stocks in the news (cpn, gl, kbank, ptt, sanko, wha) 05.11.13
CPN Central Festival Chiang Mai opening November 14 — CPN will open Central Festival Chiangmai, its 22nd retail outlet, worth more than Bt7bn, on November 14. This will be the north’s largest shopping mall. The company will partner up on promotional campaigns. (Khao Hoon, 05/11/13) Comment: They are just dominating the upcountry area with their […]
Read More →Stocks in the news (cpall, gen, hydro, mill, vgi) 04.11.13
CPALL To issue bonds — CPALL has boosted its bond issue for institutional and retail investors to Bt50bn from Bt40bn in response to strong demand. (Khao Hoon, 4/11/13) Comment: Only positive out of this is that brokers can stop passing rumours around of a potential high FX Cost with the dollar loans. GEN GEN acquires […]
Read More →Bill Gross – Real Net Income growth or fake?
Great monthly commentary out by Bill Gross of Pimco, and he’s made a couple points that are definitely worth mentioning. And here’s a rather incredible kicker to this theoretical comparison. The U.S. economy – thanks to the Fed – has been operating a 1 trillion dollar share buyback program nearly every year since late 2008, […]
Read More →What the JAS?
What happened? So the news came out two days ago after the market closed that the Supreme Court ruled to overturn the Central Bankruptcy Court’s ruling of 10 years ago in 2003. Now the Bankruptcy Court had approved JAS’s Business Reorganisation Plan in August 2003 and JAS had completed its restructuring plan and was out […]
Read More →What happened this week 28/10 – 01/11
Thailand Shrimp, industrial goods lead 7% export decline – Thailand’s exports fell by 7.09% YoY in September, bringing the nine-month expansion rate to a marginal 0.05%. With it, the Commerce Ministry admitted yesterday the country will likely end the year with shipments far from its growth target range of 3-4%. (Bangkok Post, 26/10/13) BoT ditches […]
Read More →Stocks in the news (bland, cpf, jas, stec, top) 01.11.13
BLAND Bangkok Land condo taps area’s growth – SET-listed Bangkok Land Plc (BLAND) is developing the second phase of its Double Lake condominium project in Muang Thong Thani to cater to higher demand in northern Bangkok. The new phase, worth ~Bt525mn, will comprise two buildings with a combined 298 units priced from Bt1.99mn. It will […]
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