Sector Update 02/12 – 06/12
Well politics and foreign fund selling of the region continue, plus as we’ve stated for the longest time this year, valuations still are highish
Read More →Tag: Thailand
2014 – Now what’s going to happen?
Predictions for 2014 by the major investment banks have started floating around, local houses should be releasing them shortly too, so here are my intelligent thoughts: We will still have a silly amount of liquidity flowing around the world, tapering isn’t tightening, Japan is unleashing a massive amount, Europe may even use negative rates, so […]
Read More →Ichitan, two others putting IPOs on ice until early next year
With the continued political noise, holidays coming around and the market not being as buoyant as it was in the beginning of the year, a lot of the bigger ipo’s and IFF’s and property funds have been put off to next year, and of course politics doesn’t have an impact on the smaller names, it’s […]
Read More →What happened this week 02/12 – 05/12
Thailand Consumer confidence dips yet again – Consumer confidence hit a 22-month low in November due largely to political tensions and anti-government protests that held back spending. (Bangkok Post, 04/12/13) Rice: Corruption, yes, but not enough evidence — The NACC says there isn’t enough evidence to file corruption charges against all parties in the G2G […]
Read More →Ticon factoring in scheduled asean integration
Ticon Industrial Connection Plc was established in 1990 to fill a need in the market for ready-built factories for lease. Ticon’s factories and warehouses are located in major industrial estates and in key areas in Thailand. Managing director Virapan Pulges discusses the company’s strategy and outlook. Virapan: Protests may hit property fund Please explain Ticon’s […]
Read More →Stocks in the news (ea, iec, JMT, m, pgt, tuf) 04.12.13
EA 90MW generation this month — EA is confident that its solar farm will generate 90MW this month. It said that next year it will built a new plant in Lampang for another 90MW at a cost of Bt7bn. (Khao Hoon, 04/12/13) Comment: This is an incredible large solar farm, we doubt the long term viability of […]
Read More →November Management Trades
Of things to note are the huge buy back by BGH’s main doctor Dr. Prasert @ THB 1.8bn and K. Keeree repurchasing shares of BTS, on the flip side its funny to see the majority of MEGA’s family shareholders selling out on IPO day. Note: For the monthly trades, we’ve decided to scale to […]
Read More →Stocks in the news (bmcl, cpnrf, hemraj, ps, pttep, solar, spali, wha) 03.12.13
BMCL MRTA not to take rights — The MRTA board decided that it will not take its rights in BMCL’s capital increase and will allow its holdings to be diluted to 14%. MRTA’s CFO and financial advisors said that the decision will have no impact on the company’s management as it already holds the concession. […]
Read More →Sector Update 25/11 – 29/11
Foreign investors sold THB 48bn in last month, thus YTD net sells over THB 150bn because of valuations, politics, and a slowdown in earnings growth throughout Thailand and the region. Politics we still think is short term and should be resolved in the coming days. Looking forward to what unfolds.
Read More →Stocks in the news (aim, amata, bch, ccp, cpnrf, gcap, mint) 02.12.13
AIM Changing ticker to “EFORL†today — AIM is changing its trading name to EFORL today because its new business is trading in medical tools and equipment. Its new business will fully operate and clearly contribute revenues in 4Q13. (Khao Hoon, 2/12/13) Comment: From 3D Tv’s and advertising to medical tools, well at least they […]
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