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 →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 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 →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 →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 […]
Read More →I love this quarterly release from Vincent Fernando over @ Religare where they track earnings growth vs market performance on a sector basis for countries in ASEAN. So as a quick summary this is what he sees for ASEAN  Banks, non-coal energy, materials , retail and telecom offer the best growth in ASEAN by sector. […]
Read More →BAY Credit card growth of 15% achievable — BAY expects revenues from credit cards for 2013 to reach its growth target of 15% as consumer spending picks up in 4Q13. Management expects growth for credit cards to double that of GDP growth in 2014. (Tun Hoon, 31/10/13) GLOW 9M13 profit of Bt5.63bn, up 45% YoY […]
Read More →What happened now? Yesterday the House President called for an early bill debate today with 2nd and 3rd readings and votes by the end of this week and early next week and who sold off the market? Local institutions and prop desks (something we’ve been watching closely)… So whats the timeline of events now? If […]
Read More →AOT Transport Minister: Look at costs before allowing PSC rise — Chatchart Sithipun, transport minister, said he wants to take a look in detail at AOT’s cost rises before make the decision about raising passenger service charge, because there are more opponents than supporters. (Khao Hoon, 29/10/13) Comment: i’ve been reading that there will be […]
Read More →This an incredibly good article on Bloomberg evidencing the growth of Thailand’s provinces ex Bangkok. Its something that we’ve thought internally for the longest time that Bangkok doesn’t have much more business growth which as been evidenced by its growth numbers, whereas the provinces are growing @ 2-3x the rate of the country’s GDP. Of […]
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