Thailand World Bank estimates 2014 Thailand GDP growth at 3% YoY, with politics pressuring consumption and investment. If political situation eases, the global economy expansion will support exports. (ASTV Manager, 08/14/14) Ministry of Finance expects 2014 Thai economic growth of 2.6% YoY. At a meeting in Myanmar, it said that it does not expect the […]
Read More →ANAN Ananda scales back condo advertising – The SET-listed Ananda Development Plc (ANAN) has capped spending on marketing and advertising at 2.5% of sales, down from 4% last year, as the political turmoil looks set to dampen condo-buying sentiment throughout 2014. (Bangkok Post, 11/04/14) Comment: The pullback in advertising has been throughout all of Bangkok, […]
Read More →BAY BAY expects loan growth of 7-9% YoY in 2014 from 13.7% YoY in 2013. It cut its 2014 NPL target to 2.5% after 2.67% in 2013. It says the Japanese hold a 72% stake and the M&A process will be complete in 2014. (Khao Hoon, 10/04/14) Comment: Still decent numbers coming out of Thai […]
Read More →Have a look @ Alcoa’s latest numbers from their 1Q14 Investor Presentation – from our side we think things are looking just fine. Source: Alcoa
Read More →CIMBT CIMBT focuses on investment – First-quarter retail deposit growth at CIMB Thai Bank (CIMBT) was flat year-on-year, reinforcing signs of a tepid economy and a drying up of individual liquidity. Given the lower deposit growth target, CIMBT has focused on investment products including debentures, derivatives and fixed-income and equity funds. It plans to mobilize […]
Read More →Apparently there were some rallies over the weekend, I didn’t see any, anyone else did? Basically Thailand is now on holiday until the 21st April, there’s going to be basically zero action in the markets, so everyone enjoy the holidays.
Read More →AOT Management expects 2014 passenger growth of 7.35%, down from prior estimate of 10%due to the slowed economy, political situation and lower Chinese tourism.(Khao Sod, 08/04/14) Comment: This silly country will still continue to perform well regardless of all the rubbish it creates for itself. GUNKUL GUNKUL continues to install solar rooftop after bidding for […]
Read More →Notable Transactions Buy(s) GEL – A turnaround story if the company receives new civil construction works. Perhaps the Chairman of the ExCom knows something if he buys nearly THB 70 mn worth of shares Sell(s) BGH – A major sell by K. Wichai (however he did just receive a transfer of 50 mn shares)
Read More →The Thai market is closed today because of Chakri Day yesterday. So what is Chakri Day? Chakri Day commemorates the founding of the Chakri Dynasty in 1782 by King Rama I. In the new capital city of Bangkok, King Rama I built the Grand Palace that now houses the Emerald Buddha. In addition, he helped […]
Read More →What the hell, I go to Singapore for 2 nights earlier in the week for a conference and I come back seeing this VS Was there a grudge match that I missed? By the look of the images Yingluck must have delivered a muay thai kick breaking Abhisit’s arm, oh how this drama filled political […]
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