Thailand MOF to announce Bt10bn saving bond – The Minister of Treasury Sommai Phasee said the Finance Ministry will announce the issue of a Bt10bn savings bond today. Bt5bn will be used to repay BAAC’s debt from the rice pledging program and Bt5bn will be used to finance the 2015 fiscal budget. (Khaosod, 2/1/15) Construction […]
Read More →AKR AKR has set a revenues target this year of Bt4.2bn supported its transformer manufacturing and distributing and solar cell business. (Kao Hoon, 09/01/15) BKD BKD has set a revenues target growth of 20% this year supported by its backlog on hand of more than Bt2bn. It also expects to receive new government project worth […]
Read More →Bill Gross, formerly of Pimco now of Janus, latest monthly letter is out, and he effectively writes that 2015 is going to be a poor year for asset classes and that the investment world will realise that the growth levels don’t justify current valuations should interest rates increase. It’s an interesting read, see below for […]
Read More →BJC To decide on Metro Vietnam purchase today — BJC will hold its shareholders’ meeting today to consider the acquisition of assets of Metro Vietnam under the new conditions. The IFA states that shareholders should disapprove the purchase as the new conditions pose too high of a risk. (Kao Hoon, 08/01/15) Comment: Despite the IFA’s […]
Read More →If you’re wondering why the market rebounded strongly yesterday, one potential answer is that the Thai Government Pension Fund, which manages THB 1.2 trn in assets, wants to shift more weightings towards equities amid this market volatility, here are a few snippets plus the link to the full article. Thailand’s biggest government-pension fund is seeking […]
Read More →AKR 2015 to be a good year — AKR says business will be strong in 2015 with revenue expected to grow 30%, supported by the government’s plan for alternative energy projects. Further, it will start booking revenue from solar panel sales. It is waiting for results on its bid to supply an electricity transformer worth […]
Read More →AGE AGE will issue Bt1bn worth of debentures sometime in 1Q15. It plans to use the proceeds to invest in 10 biomass power plant projects with a total capacity of 100MW. It also set a revenue target of Bt9bn for 2015, up from the expected Bt7bn in 2014. (Kao Hoon, 06/01/15) Comment: This a positive […]
Read More →It is that time of the year where Strategists, Commentators and what not present their ideas for 2015, of them all I do enjoy reading Byron Wein’s, of Blackstone, thoughts for each year. I find his points related to interest rates, Japan and China the most relevant for Thailand this year. 1. The Federal Reserve […]
Read More →So much for the year end buying from local institutions to support the market! Source: SET Note: All values are mn THB
Read More →Interesting tidbit released by BJC today, their IFA has advised that shareholders should reject the transaction for multiple reasons (see below). I doubt that this will derail the acquisition but interesting to note nonetheless. 1) Risk concerning the loan financing and money transfer to Metro Vietnam’s Capital Account in advance for the whole amount of EUR 655 […]
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