The THB 2.2 trn infrastructure budget has been bouncing around the government for the past 2 years and now it looks likely to go ahead in 2014. There were a few interesting points from the article in today’s paper that caught my eye. In addition to rail projects, nearly a quarter of the 2.2-trillion-baht budget […]
Read More →Notable transactions: Buy(s) ERW – Major shareholders and directors bought an additional sizable stake in this, we’ve liked ERW for years, doing their own property fund is a similar story to TICON and CPN SAUCE – Big buy from one of the directors/family members, the company has been growing nicely for the past few years. Sell(s) AP […]
Read More →The market had a steady day until the last 30 mins, when the market shot up +1%. We presume mutual funds had to complete as much of their buying as possible before the last trading day of the year tomorrow. Fundamentals? Meh!
Read More →BTS BTS Ridership grows nicely in November — BTS reports high ridership at 566,048 passengers/day, +26% YoY in November. (Company) Comment: You still have to wait in queue just get on the damn thing in the morning! Essentially looking @ this via the infrastructure fund, easy for the co to hit THB 8/share next year. […]
Read More →EARTH Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of […]
Read More →The market continues to rally on the back of the US fiscal policy (although now its turning the other way) and continued fund flow from LTF’s. There’s not much more time left for the year and soon enough funds/research houses will begin to talk about the “January Effect”
Read More →BAY Japan company wins bid for BAY — Japan’s Mitsubishi UFJ Financial Group Inc won the BAY’s bid from GE Capital International Holding Corporation. BAY will announce the official result to the SET on Dec 26, 2012. (Khao Hoon, 24/12/12) Comment: I can believe this story far more than any of the Malaysian bank rumours, […]
Read More →Summary of the past week’s key events Positive(s) Thai Nov car exports exceed 100,000 units Japan held elections last weekend which saw the Liberal Democratic Party (LDP) come to power with an overwhelming victory. LDP’s Shinzo Abe is expected to replace prime minister Yoshihiko Noda and had campaigned promising more monetary and fiscal stimulus. BoJ […]
Read More →ANAN Buys land for condo on Sukhumvit — ANAN acquires the land to develop a condominium in Sukumvit worth Bt825mn, using the funds from its IPO. The company expects to launch the first phase in 1Q13 with construction finished in 1Q14. (Tun Hoon, 19/12/12) Comment: They needed to IPO to raise capital and I’m not […]
Read More →Yesterday the cabinet came out with a new tax structure for individuals stating that personal income taxes will be lowered across all brackets. So what? 1. Government tax revenues continue to decrease – worrying although Thailand albeit still has low debt-GDP levels 2. Great for us individuals! But I still don’t understand why a flat […]
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