Markets are still soaring, YTD up 3.3% with all sectors in the green and only financials underperforming because of the Thai government wanting to transfer the FIDF debt burden from the government’s balance sheet to the Bank of Thailand’s balance sheet. Looks like the LTRO from the ECB is working its liquidity wonders similar to […]
Read More →Â Notable transactions: President of Bangkok General Hospitals (BGH) bought USD 2mn worth of shares in the company, interesting, and this despite the fact its trading @ 27x trailing PE Anant Kanjanapas has been accumulating shares in BLAND for the past few years, perhaps he’s looking to finally unlock the value in the company shares.
Read More →IFS Capital (Thailand) Plc was incorporated on March 21, 1991 as Ayudhya International Factors Co Ltd (AIF) with initial paid-up capital of 50 million baht. It was a joint venture between Bank of Ayudhya Plc (BAY) and IFS Capital Ltd. BAY sold its shares in AIF to the IFS Group in January 2007, and in […]
Read More →Global rallying continuing, ECB’s promise to provide essentially unlimited amount of funding to European banks has the bears running scared and the bulls out in full force. Quite interesting to see the weaker dollar reaction to all this.
Read More →A new weekly post that we’ll start putting up here. We track daily the trades of management from public companies here in Thailand. Despite what people say, if we see management selling shares its a red flag, I don’t care if they publicly say its for personal reasons, 99/100 times it means that they think […]
Read More →Times are changing here in the land of smiles, with this recent development on the front page of Bloomberg this morning that a group wants to alter the lese majeste laws here in Thailand. Over the past few years too many different groups have used the lese-majeste law as a political tool against their enemies to […]
Read More →This government is proving to be fantastic for the stock market in Thailand, first with its plans to drop corporate income tax rates to 20% over the next few years and now this. The Stock Exchange of Thailand (SET) would be delighted if the Revenue Department waived dividend taxes, especially since this would boost sentiment […]
Read More →I touched on the fact that the government was trying to transfer the FIDF (Thailand’s loans from the ’97 asian financial crisis) from the government’s balance sheet to the Bank of Thailand’s balance sheet. And now there is a recent development, according to local news today the BOT Governor is exploring ways to make up […]
Read More →Latest thoughts from Ploy! happy reading! Updating the US Dollar index, after the index fell to the support as given last time, it has rebounded and slightly breached above the key barrier at 81.44 yesterday. Despite today’s volatility and the possibility that it may head down to test support at 80.10-79.80, the US Dollar index […]
Read More →My good friend Roger, who’s doing his PhD specifically on Myanmar recently wrote this paper on the developments there today. It’s a country that is going to grow extremely quickly, my only fear for them is that the government takes a short term viewpoint to the country’s future, although I’ve been assured by several parties […]
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