Notable transactions: The President of Bangkok General Hospitals (BGH) bought another USD 1.5 mn (total USD3.5 mn over 2 weeks) worth of shares in the company, fyi their business model over the past few years has been to simply acquire hospitals all over Thailand. BLA has seen its owners selling out of shares over the […]
Read More →In January the SET Index performed extremely well and far above what we expected, unlimited funding for bankrupt countries with only 1% funding has seen liquidity pile into equity markets globally. The Thai Banking sector has underperformed because of the unclear deposit – B/E charges for the FIDF debt repayment issue.
Read More →UBS put out an extremely good paper demonstrating where the growth areas are in Thailand. In summary it shows how the provinces have grown far faster than Bangkok city in the past 15 years primarily due to manufacturing becoming a more prominent part of the economy here. This merely proves what a lot of us […]
Read More →We love to joke that the Bank of Thailand is always reactionary and are never adept at forecasting. A few days ago they cut interest rates from 3.25% to 3.00%, their reasons for doing so are: 1. Fear of a low economic expansion and a slow recovery from the flood crisis last year. 2. A […]
Read More →Forbes wrote a great article regarding the His Majesty’s finances and investments in Thailand and I thought it would be an interesting read to share. I’ve put below the first paragraph and the source link. Enjoy. In Thailand, A Rare Peek At His Majesty’s Balance Sheet Thailand’s King Bhumibol, who turned 84 last December, is […]
Read More →“Floods? What floods? Thailand will be safe forever, people love this country, companies will always come here for business!” That’s the normal rhetoric from the government/politicians etc. etc. etc..and even from myself most times, albeit with a small disclaimer that the above won’t be the case unless the government acts to show that it is taking […]
Read More →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 →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 →Seriously? My friends know exactly what my thoughts are of this fellow and I would prefer to keep this site PG-13….but f off already Sondhi, the last thing this wonderful country needs is another bout of turmoil. PAD leader Sondhi Limthongkul, speaking via a telephone call from China, said the military should stage a coup […]
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 […]
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