Thai Economy: MPC prefers policy mix to handle baht — The Bank of Thailand’s Monetary Policy Committee (MPC) has agreed on the need for a timely implementation of appropriate policy mix, to manage the exchange rate. In a statement released today, the MPC said that the policy mix “as warranted by circumstances” will be implemented […]
Read More →AAV TAA sets goal of 60 planes — Thai Air Asia is taking its fleet enlargement program a step further with 60 jets now expected to be flying by 2017. Chief executive Tassapon confirmed the newly revised fleet size, an upgrade from the previous goal of 53 by 2016 and 48 before that. (Bangkok Post, […]
Read More →Key points are: Food prices pushed headline inflation to 2.42% Strengthening Thai Baht caused inflation to rise @ a slower pace In 4M13, headline inflation rate was @ 2.9%YoY The Commerce Ministry’s headline inflation forecast for the year remains @ 2.8% to 3.4% So all in all, inflation not an issue, well done BOT, if […]
Read More →Notable transactions Buy(s) THB 134 mn MAX – Chairman decides to buy THB 70 mn worth of shares, over 10% of the market cap, wonder what the story is with this steel co. NMG – Vice Chairman obviously believes in the digital story for NMG Sell(s) THB 746 mn BGH – Rare sale of shares […]
Read More →Market rebounded along with the rest of the world last week. The agro/food industry continued to be hit hard on the bird flu news and fears of the strengthening thai baht. Biggest winner thus far this month is the tech sector.
Read More →STEC Contract for new Parliament signed — The parliament and Sino-Thai Engineering and Construction Plc (STEC) have signed an agreement for construction of new parliament buildings alongside the Chao Phraya River in Kiak Kai area of Bangkok. The Bt12.2bn contract was signed by House secretary-general Suwijak Nakwacharachai and STEC president and executive director Pakpoom Srichamni. […]
Read More →BTS Skytrain fares up from June — Fares will be raised on the BTS skytrain’s core 23.5-kilometre routes with effect on June 1, Bangkok Mass Transit System Plc (BTSC) announced on Monday. Current fares range between 15 and 40 baht on the original routes from Mor Chit to On Nut and from the National Stadium […]
Read More →We’ve longed thought aloud that the Thai Baht should eventually return to THB 25/usd over the past few years and we continue to think this going forward. Yes people yell at us, “charlatan! fools! It will never go back!” and we’ve been hearing the same comments since we begun working here in 2004-5 when the […]
Read More →So the essentials of the deal are as follows: CPALL agreed with MAKRO’s major shareholder, SHV Nederland B.V., to acquire its 64.35% (154.4m shares) in Makro @ THB 787/share. Funding is 90% debt financing, 10% internal CF, no equity capital call. Purchase price of MAKRO is @ 42.9x of 2013F (as per analyst’s estimates) Debt […]
Read More →Positives Global Europe: Germany raises growth forecast — The German economy is expected to grow by 0.5% this year, up from the previous estimate of 0.4%, the German Economics Ministry announced on Thursday. German GDP is still expected to grow 1.6% in 2014, unchanged from previous growth prediction. (Xinhua, 25/04/13) US: In the week ending […]
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