BMCL Capital increase update — BMCL reports that of the 8.55bn newly issued shares as rights offering, 6,275,704,432 were taken, leaving 2,274,295,568 shares to be privately placed. (Khao Hoon, 26/12/13) Comment: Good for the company, will BMCL then in the future also do an infrastructure fund? GLOW Subsidiary signs contract for expansion — GLOW subsidiary, […]
Read More →BANPU Writing off treasury stock — BANPU announced it will decrease registered capital by writing off the repurchased registry shares worth Bt135.6mn. The decrease will boost EPS and DPS by 5%. (Khao Hoon, 25/12/13) Comment: Well that’s an easy way to boost EPS BEC BEC concerned and political situation — It will boost ad rates […]
Read More →So last week the news out of the Fed meeting was that they would reduce its monthy bond purchases to USD 75 bn from USD 85 bn. Bernanke retires @ the end of January and Yellen then takes over, whats the Fed policy likely to be going forward? See below…
Read More →BAY Expects merger with MUFG to strengthen — BAY expects to be stronger after merging with MUFG, bulked up by that entity’s loan and deposit portfolios. Net profit in 4Q13 is expected to touch Bt4.09bn, a 7.8% YoY increase, supported by the booking of gains from expiration of Vayupak. (Khao Hoon, 24/12/13) BAY out of […]
Read More →The same stories continues, food rebounding, telco’s down, protestors taking to the streets Â
Read More →The crux of the issue to me is very simply that most people in Bangkok cannot accept the fact that their maid(s), driver(s), taxi driver(s) etc.. have the same status/power as they do when it comes to voting, sounds a bit like feudalism still doesn’t it?
Read More →Notable Transactions Buy(s) THB 112 mn IFEC – The cross trade between K. Narong (owner and selling) to K. Wichai (new owner and buying) continues TTA – Switch within the Mahagitsiri family Sell(s) THB 147 IFEC – See above MEGA – A major sell of THB 45mn TTA – See above
Read More →BANPU To sell treasury shares — BANPU will sell its treasury stock of 135.6mn shares between Jan 17-31, 2014. It said it will sell the shares at a price no less than 85% of the average close for the preceding last five days. (Khao Hoon, 23/12/13) Comment: Well that was a quick trade for the […]
Read More →I think we are all getting a bit tired of the politics here and talking about it. Will the election go ahead now or not seems to be the next question, meh, I don’t know, the best comment I’ve had this week about the protesters is how they resemble the Tea Party in the US […]
Read More →I spent a weekend in Jakarta recently, my first trip back there since ’97, and from what I saw, its a huge economy with massive potential but an incredibly long way to go infrastructure wise. With large investments likely over the next 5-10 years I can see the car market there growing much faster than […]
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