Thailand Rate cut to offset mounting risks, growth also slashed to 3% from 3.7% — The Monetary Policy Committee (MPC) unexpectedly lowered the policy interest rate by 25 basis points yesterday to 2.25% following rising downside risks to growth partly triggered by the ongoing political tensions. (Bangkok Post, 28/11/13) Export growth this year to be […]
Read More →BMCL SRT advised not to take BMCL rights offer — The SRT’s financial advisor has concluded that SRT should not inject equity into BMCL, as it will remain in control despite the dilution of its holding to 14% if it does not take the capital increase rights offering. SRT will host a meeting today to […]
Read More →BGH Stock market watchdog fines trio nearly Bt10.5 million for misusing inside info – The Securities and Exchange Commission’s settlement committee has imposed fines totaling Bt10,488,534.01 on Thavatvong Thanasumitra for using inside information to purchase shares of Bangkok Dusit Medical Services (BGH) and on Viporn Jitsomwang and Narumon Chainaknan for aiding and abetting Thavatvong’s wrongdoing. […]
Read More →Pre the protests no one thought this would’ve happened, but with the protests comes delays, and the fact that the infrastructure spending hasn’t started yet, the economy is stagnant from last year, well the BOT has come out with a rate cut now down to 2.25%. The Bank of Thailand cut its one-day bond repurchase […]
Read More →AOT 2013 a good year — AOT says FY2013 was a good year, with a 20% rise in the number of tourists and 16% growth in number of flights. The CFO said there will reversal in depreciation costs for the Don Muang Airport worth Bt3bn, which will help push net profits up. The company will […]
Read More →Yesterday the total traded volume in the SET nearly hit THB 50 bn, a level of volume we haven’t seen for a few months, what happened here? MSCI Index rebalancing (BTS and TMB), foreigners sold off THB 9 bn worth of shares, but the market still rose as retail investors, local institutions and local prop […]
Read More →CCP       2013 profit of Bt350mn — CCP said it will book net profit of Bt350mn in 2013, with extras in 4Q13 pushing up growth sharply. Revenue in 2013 is put at Bt3bn and it will invest Bt200mn next year with revenue growth of 15% YoY. (Khao Hoon, 26/11/13) CENTEL 2014 revenue growth 15-20% — CENTEL […]
Read More →Well politics pressured the entire market in the past week, foreign investors sold another THB 9 bn, and there was speculation that the massive Vayupak Fund will sell out before its expiration on 30th Nov, only 5 weeks left for the year and the market is down YTD, how much can LTF’s support the market in […]
Read More →Notable Transactions Buy(s) THB 403 mn BGHÂ – Dr. Praserttttttttttttttttttttt still buying THB 389 mn worth of shares Sell(s) THB 110 mn ARROW – The CEO sells THB 60 mn ? hmmm there isn’t enough liquidity for him to do that in day, who’s the buyer here? CHG – K. Apirum is still selling shares, we’ve […]
Read More →AMATA New contracts to boost 4Q13 land sales — AMATA expects land sales in 4Q13 to surge, boosted by new contract signing. Currently, the company has 2,000 rai land ready to be transferred, and it is keeping its year end target land sales of 3,000 rai. It said it aims to invest in an industrial […]
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