The stock price has definitely moved as if an sale is going ahead. This rumour has been around for the past quarter when issues were arising in France re Group Casino’s performance, since then the news has been quiet except for a potential REIT in the offerings. Now we have brokers doing relative valuations of […]
Read More →China sees consumer inflation, producer deflation in 2015 — China’s consumer inflation continued to grow mildly in 2015, and producer prices went deep into deflation territory, as domestic demand remained lackluster amid a slowing economy, official data showed on Saturday. The consumer price index (CPI), a main gauge of inflation, increased 1.4 percent year on […]
Read More →Despite it being a start of a new year the same questions/scenarios remain… What if the ISM figures in the US stay below 50? Does it lead to a recession in the US? Forces the feds to not raise rates but instead cut them? If the USD declines? Oil prices recover? Capital flows back into […]
Read More →As always, an incredibly enjoyable read! I still need to re-read this a few more times but here are some snippets and a link to the rest of the memo “Everyone knew†for years that the Chinese economy had been overstimulated with cheap financing, and that this had led to excessive investment in fixed assets. […]
Read More →BIG BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16) Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability […]
Read More →ABC ABC plans to invest in education business. It expects to sign an MoU with Lanna International School in Chiang Mai, valued at Bt150mn. It plans to launch the Bt2.5bn ABC Residence Sukhumvit39. (Khao Hoon, 13/01/16) Comment: Wait…weren’t they going to do IT? And then renewable energy? And now its an international school and property […]
Read More →ACC ACC plans to take over a 5.5MW solar farm, valued at Bt320mn. It expects this to contribute Bt33mn net profit/year. It plans to issue warrants at a ratio of 4 shares per warrant. Management says it plans to focus on alternative energy business. (Thun Hoon, 12/01/16) Comment: Thats a fairly decent valuation given that […]
Read More →Towards the end of last week Mobius came out with a brief commentary on China and these are the two quotes that I feel are most important, the link to the full commentary is below… “It’s important to remember that China’s economy is a planned economy, something that I think has been overlooked by many […]
Read More →Notable Transactions Buy(s) THB 552MN BA – And he continues to buy, in this environment perhaps it is the safest option. TU – Looks like the owner doesn’t care about the botched M&A deal Sell(s) THB 608 MN KCE – I think this is a switch of shares between father and son DIMET – Quite […]
Read More →What a start to the new year! China decided to stress test its own circuit breaker twice, currencies are continuing on their one way trade of USD strengthening and Thailand’s PM has promised to not be angry at reporters, perhaps trying to achieve 100% popularity…
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