We awoke this morning to news that Larry Summers has taken himself out of the running for the Fed position, whats happened? US dollar weakening, Asian markets are up, Dow futures up over 1% but oil & gold look flat  The Association of Securities Companies (ASCO) looks to lower the amount that local prop […]
Read More →There’s this great deal on amazon.com, that for THB 100 or USD 2.99, you can get all of Berkshire Hathaway’s letters to shareholders, yes that’s right all of Warren Buffet’s shareholder letters! So if you’re on an Ipad or android tablet, get the kindle app and download this, and if you complain that this is […]
Read More →During the week BTS released their monthly ridership numbers and my goodness just simply look at this chart, and given that now its still only about 600,000 daily riders (in dec ’12 the avg daily ridership was 533k), the extensions for BTS lines are continuing to come and with more and more people using the […]
Read More →Thailand Mixed response to duty cut plan – While winning support from importers and tourism operators, the Finance Ministry’s plan to axe the import tariffs on some designer goods has drawn strong opposition from many local manufacturers of luxury products. (The Nation, 10/09/13) Start-ups jump 19% in 8 months; closures down – In spite of […]
Read More →BEAUTY 2013 revenue growth of 30% plus — BEAUTY is confident that revenues will grow by more than 30% and profits to grow by 20% as the company pushes to open new branches and launch new products and promotional campaigns to boost sales. (Khao Hoon, 13/09/13) Comment: I do wonder if this will be a […]
Read More →AJP Moved to mai — AJP was moved to the mai market yesterday. The company’s share price surged an astonishing Bt17.57 to close at Bt17.80, a rise of 7,639.13%. In 2010, shares were trading at only Bt1.10/share. In yesterday’s trading, shares were trading the highest and lowest at Bt17.80 and Bt9.85/share, respectively, with a high […]
Read More →Well wasn’t that one quick rebound, if you had closed your eyes for the past 4 weeks then things haven’t changed much in terms of prices. Seems like all European and Asian equities have benefitted since the “reset” last month and with tapering announced next week, the fed isn’t going to do anything until late […]
Read More →Notable Transactions Buy(s) THB 1.1 bn EARTH – Huge purchase of THB 237 mn by the Chairman & CEO GFM – Family transactions IVL – Heinecke, a board member, purchases THB 22mn KKP – A whole bunch of purchases by directors/management NBC – The President buys THB 231 mn PACE – Hmm no comment, purchase […]
Read More →AP 2H13 to be good — AP expects second half performance to be strong and will book revenue of Bt10bn from its backlog of more than Bt30bn. It expects sales in 2H13 to reach Bt13bn. It has raised the number of project launches this year to 28, a total value of Bt32bn. (Khao Hoon, 11/09/13) […]
Read More →Last week the market begun rebounding, however it’s still down 4% YTD, the biggest drag this year is still the agro&food industry with only the tech sector remaining positive.
Read More →