CPN 23rd Central Festival open in December — CPN will open its 23rd Central Festival shopping mall in Had Yai on December 14. It has invested over Bt7.2bn in the project. The construction is currently at 95% completion. (Khao Hoon, 21/11/13) HMPRO HMPRO to expand aggressively in the last 2 months. HMPRO will open its […]
Read More →So its finally approved for 2013 and 2014, less personal income taxes, so the numbers look like so Source: Bangkok Post This is wonderful for us tax payers, I don’t think it will have a big impact on the overall government’s revenue collection b/c there are only some 3 mn (?) actual personal income tax […]
Read More →ADVANC Cuts revenue target — ADVANC has lowered its revenue target for the year to 5-6% from 6-8% as it expects the slowdown in the economy to continue affecting earnings from 3Q13 through to 4Q13. (Khao Hoon, 20/11/13) Comment: And it looks like it will be the same story next year, management isn’t really open […]
Read More →The most interesting development over the past month has been the decline in telco’s once the darling for the market it now no longer appears to be the case, and also the recovery of the food sector Â
Read More →Notable Transactions Buy(s) THB 231 mn BGH – Founder buys yet another THB 216 mn worth shares Sell(s) THB 17.7 mn n/a
Read More →AGE boosts coal exports to feed plants in Asia – MAI-listed Asia Green Energy (AGE) aims at 20% growth in coal sales volume next year as it boosts exports to countries building coal-fired power plants. Managing director Panom Kuansataporn said coal sales volume is seen rising to 2.4mn tonnes this year and 3mn tonnes next […]
Read More →AIT To ask shareholders to approve capital increase — AIT will hold a shareholder’s meeting on Nov 18 to obtain approval for a capital increase of 137.55 million shares at 1:2 shares (old:new) at a price of Bt5.00/share. (Khao Hoon, 18/11/13) Comment: This is still ongoing now as of writing, we are confused by their […]
Read More →3Q13 results for publicly listed Thai companies were all due by 14th November and analysts around Thailand and whoever covers Thai companies have been busy. What we’ve seen thus far on a general basis are the following: Minimum wage increase is still having an impact on manufacturing based co’s or any co’s that have low […]
Read More →Nope not my thoughts, instead these come from Byron Wein of Blackstone and there are several points within his commentary in regards to margin pressures in the US, Europe’s valuation and Japan’s Abe-economics, see below for a snippet and the link for the full article. I established three new categories, long-only United States and long-only […]
Read More →Krugman’s latest piece over at the NYT draws the comparison of Europe’s recovery since the ’08 GFC versus the Great Depression, and yes its rubbish in comparative terms. So the bulls will say “hey at least things are getting better” whilst the bears will counter “but it’s still awful considering the xx.xx billions of euro’s […]
Read More →