Established in May 1976 and listed on the Stock Exchange of Thailand since 1995, Nawarat Patanakarn Plc (NWR) is one of Thailand’s largest construction and engineering companies, with registered capital of 2.21 billion baht (1.55 billion paid up). With more than 30 years of experience in Thailand and other countries, NWR has a wide range […]

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There has been very minimal PE and VC onshore based activity in Thailand because quite simply the capital gains tax on such investments are too high, 30%. But with news that the SEC is slowly but surely relaxing regulations and despite that hubbub from the US that PE and VC firms are evil. I’m actually […]

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Despite the floods at the end of last year, foreign direct investment in Thailand was up at whopping 62% in the first seven months of this year. This can only bode well for several industries here, industrial estates, transport (airport), and banking. The main statistic I found interesting was the Singaporean investors were ranked second […]

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S&P (rating agencies who believes them today?!) revised Thailand’s banking system upwards mid-week, but regardless it does finally demonstrate that Thailand has in fact improved a lot in the past 10 years despite the on going political rubbish. We revised our industry risk score for Thailand (foreign currency BBB+/Stable/A-2, local currency A-/Stable/A-2, axAA/axA-1) because, in […]

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Notable Transactions Buy(s): BGH – The President is back to buying more shares in his co, another THB 100 mn BJC – Massive buying here by the family, THB 600 mn Sell(s): No one specific company sticks out but there were several sellers, if management/directors/owners are thinking its time to take some slight profit shouldn’t […]

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The National Economics and Social Development Board (NESDB) reported that the Thai 2Q12 GDP expanded +4.2YoY%, improving from the +0.4% YoY in 1Q12 and on a quarterly basis expanded +3.3% QoQ. Chart 1: Thailand quarterly & Annual GDP Growth YoY% Chart 2: Thailand’s Quarterly GDP Growth YoY% Key drivers appear to be: Consumption +5.9% Investments: […]

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