Bill Gross’s latest investment outlook has quite the negative foreboding with comments such as “A “sense of an ending†has been frequently mentioned in recent months when applied to asset markets and the great Bull Run that began in 1981.” “Savor this Bull market moment, they seem to be saying in unison. It will not […]
Read More →Notable Transactions Buy(s) THB 1.2 bn Only CCN has caught my eye here Sell(s) THB 3.2bn Interesting to see both MAJOR and PSL large shareholders sell large stakes Note: We are only displaying trades above THB 10 mn
Read More →CCP Plans to expand into Cambodia, Laos and Myanmar. The firm has bid for a new project worth more than Bt1bn and expects to do a JV deal in 2Q15. It targets 2Q15 earnings growth of 10% YoY on the transfer of projects and raise in backlog to Bt2.3bn. (Thun Hoon 06/05/15) CBG 1Q15 net […]
Read More →And it’s that time of the year where one must read GMO’s latest quarterly letter, this time you’ll find: A discussion on long term bonds, overall asset allocation and how the current pricing in the market reflects future expectations (which appears to be nuts!) That US Equities should approach Bubble status given the “strange, manipulated […]
Read More →Notable Transactions Buy(s) THB 901 mn PACE – This is a huge off the market transaction, FANCY – Looks like a new shareholder is in town for FANCY with K. Vichai buying 10% of the outstanding shares. Sell(s) THB 363 mn FANCY – See above
Read More →The market has fallen back off it’s peak for the year, the local trigger funds that had initially pushed the market up 2 weeks ago have worn off their effectiveness and reality continues to set it for the market, with financials now the worst performing for year as a result of weakening asset quality and […]
Read More →Thailand FY2016 budget approved – The economic ministers’ meeting chaired by Prime Minister Prayut Chan-o-cha yesterday approved 2.72 trillion baht worth of expenditure to run a 390-billion-baht budget deficit in fiscal 2016. The budget framework is based on projected economic growth of 3.7% to 4%, with inflation of 1.2%. (Bangkok Post, 25/4/15) FIDF contribution kept […]
Read More →AOT AOT revises down investment for Suvarnabhumi Phase 2 by Bt10bn from Bt62bn. The bidding will begin at the end of this year. Revenue is expected to grow 15% this year because of the increase in passengers. The Ministry of Finance is requiring a higher dividend but this does not affect its performance. (Khao Hoon […]
Read More →AOT Don Mueang commercial area in Terminal 2 up for bid – AOT plans to open bidding for the commercial area in Terminal 2 at Don Mueang airport. (Khao Hoon, 29/04/15) BAY 7-9% loan growth this year – Bank of Ayudhya (BAY), Thailand’s fifth largest bank by assets, expects loan growth of 7-9% this year, […]
Read More →The funniest scene emerged at NMG’s AGM yesterday where police were called in to prevent a portion of shareholders, specifically the SLC group, or News Network as they now call themselves, from entering the AGM. This sparked chaos in front of the meeting room as the angry shareholders tried to break into the room. This […]
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