Yesterday the total traded volume in the SET nearly hit THB 50 bn, a level of volume we haven’t seen for a few months, what happened here? MSCI Index rebalancing (BTS and TMB), foreigners sold off THB 9 bn worth of shares, but the market still rose as retail investors, local institutions and local prop […]

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CCP        2013 profit of Bt350mn — CCP said it will book net profit of Bt350mn in 2013, with extras in 4Q13 pushing up growth sharply. Revenue in 2013 is put at Bt3bn and it will invest Bt200mn next year with revenue growth of 15% YoY. (Khao Hoon, 26/11/13) CENTEL 2014 revenue growth 15-20% — CENTEL […]

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Notable Transactions Buy(s) THB 403 mn BGH – Dr. Praserttttttttttttttttttttt still buying THB 389 mn worth of shares Sell(s) THB 110 mn ARROW – The CEO sells THB 60 mn ? hmmm there isn’t enough liquidity for him to do that in day, who’s the buyer here? CHG – K. Apirum is still selling shares, we’ve […]

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AMATA New contracts to boost 4Q13 land sales — AMATA expects land sales in 4Q13 to surge, boosted by new contract signing. Currently, the company has 2,000 rai land ready to be transferred, and it is keeping its year end target land sales of 3,000 rai. It said it aims to invest in an industrial […]

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The clever folks at Thanachart Securities put this out during the week as the changes in the SET50 and SET 100 are expected in the 2nd week of December ’13. Basically new additions in the SET 50 include VGI & THCOM replacing KKP & MAKRO, and for the SET100 +BMCL, CHG, ERW, N-PARK, TFD, TICON, […]

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What has happened thus far? Well as a positive the Senate had passed through the THB 2 trn borrowing bill however the Democrats and a group of 66 lawmakers filed a case to the constitutional court to invalidate the bill as they believe the loan bill contravenes Section 169 of the constitution as it would […]

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GMO’s Jeremy Grantham is out with his latest quarterly paper and as usual its a must read, he goes through his thoughts on the economy, what Yellen is likely to do during her time at the Fed, earnings vs valuations, timing bear markets and so forth. One point he does make is that he (along […]

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This was one of the best interviews I had the pleasure of doing, Mr. Abdullah does come across incredibly passionate about DTAC’s businesses and opportunities. Total Access Communication Plc (DTAC) is one of the leading telecommunication services providers in Thailand with a total subscriber base of 27.5 million users, making it the country’s second-largest mobile […]

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BMCL Still no SRT decision on capital increase — The State Railway of Thailand has hired outside consultant to study BMCL’s need for additional capital. The report will be completed by November 29, after which SRT will make its decision. (Khao Hoon, 22/11/13) Comment: It will still most likely go through, SRT can’t risk BMCL […]

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