According to Credit Suisse, Thailand has had the world’s fifth-worst per-household wealth performance in the world from 2013 to 2014. The report says Thai wealth has contracted more than 7%. Only Turkey, Indonesia and the basket-case nations Argentina and Ukraine have performed worse. So what could have resulted in such a dramatic decrease? Well 2012 […]
Read More →Thailand FPO to revise GDP projection — The Fiscal policy office has announced that it will revise Thailand’s GDP growth projection , currently at 1.5-2%, again at the end of October in response to slower than expected recovery while the export growth is -7.4% (Ban Meung, 16/10/14) Draft for new taxes done — The Revenue […]
Read More →ACD ACD restructures subsidiary Boost Plus by selecting a new management and business strategy to meet client needs in this digital age. The company will enter event organizing, IT consulting and E-commerce. It is confident that the new businesses will generate revenue in the future and expects revenue of Bt45mn in 2015. (Kao Hoon, 17/10/14) […]
Read More →AOT Board to discuss 2nd phase investment of Suvarnabhumi airport today after Minister of Transport Prajin approved a multi-function terminal at a cost of Bt70bn instead of east building expansion. (Kao Hoon, 16/10/14) BA Investors interested in IPO — Its solid fundamentals have created interest in investors in subscribing to the IPO shares of Bangkok […]
Read More →In the Bangkok Post yesterday there was an article teaching regular folk on how they can invest in condominiums to make $$, this combined with every property developer showing fantastic presales (even stable, stodgy Land & houses just reported their highest presales in the history of the company) and firms such as Ananda launching new […]
Read More →AOT AoT: Politicians need not apply for top job – Airports of Thailand Plc (AoT) began the process of seeking a new chief executive yesterday with the new prerequisites barring applicants with political affiliations. (Bangkok Post, 14/10/14) Comment: Well thats a positive first step BANPU BANPU studying coal power plant expansion through a second unit […]
Read More →CPALL CPALL expects 8,100 7-Eleven branches in 2014from currently 7,900. It expects the Thai economy to continue to grow. The company is preparing to launch a large campaign in December. (Kao Hoon, 13/10/14) EASON EASON to focus on foreign markets by setting up factories in Vietnam and Indonesia and a trading company in Malaysia. The […]
Read More →Market took a wobble last week with all sectors except Agri&food taking a dive. What were the reason(s) for it? Some say the King’s health, some say the valuations, some say the weak global economy, some say the Fed potentially raising rates at the end of this month. My viewpoint – It was probably the […]
Read More →Notable Transactions Buy(s) THB 141 mn SAM – A share swap between two directors SYNTEC – They expect for earnings to grow strongly this year because of the extra income that will push earnings to more than THB 300mn from last years THB 80 mn Sell(s) THB 221 mn SAM – See above TFD – […]
Read More →Demco Plc is an engineering, procurement and construction (EPC) contractor focusing on electrical systems in Thailand for the utility, telecommunications and renewable energy industries and an investor in renewable energy projects. Chairman Phongsak Siricupta discusses the company’s strategy and outlook. What is Demco’s business model? Demco is an EPC contractor that covers the electrical, mechanical, […]
Read More →