Thailand HSBC cuts GDP growth forecast to 2.8% for 2013 — HSBC has slashed its expansion forecasts for Thailand to 2.8% this year and 4.4% next year after downbeat economic growth in the first half. The government should allocate more of its budget to ensuring more sustainable growth, said HSBC’s ASEAN economist Su Sian Lim. […]
Read More →Big thanks goes to Simon Derville over at Raimon Land for allowing me to contribute to their annual report on Thailand’s property sector with my thoughts on Thailand, aec, and the market. If you want a complete picture on how Thailand’s property market was in the past, how it is today, who the major players […]
Read More →AAV Joint venture with AirAsia X — AirAsia X says it has set up a joint venture company with Air Asia Thailand and the advisor to the prime minister called Thai AirAsia X. This is the first time that AirAsia has entered into a foreign partnership. (Khao Hoon, 20/09/13) BEC Ad slots full — BEC […]
Read More →BAY BAY to issue 1.14bn shares to BTMU — BAY will issue 1.14bn shares at Bt39 each via private placement to the Bank of Tokyo-Mitsubishi UFJ (BTMU) under a conditional branch purchase agreement, according to BAY’s filing to the Stock Exchange of Thailand. (The Nation, 19/09/13) Comment: Will need to read more into this, however […]
Read More →ANAN Treasury program spurs price — Price of ANAN rocketed to hit a one month high after the company announced plans to repurchase 333.30mn shares (10% of total shares). The total value of the repurchase scheme is estimated to be Bt500mn. Management is confident that earnings will exceed market expectations, and promised dividend will start […]
Read More →Donald Rumsfeld referred to Europe as “Old Europe” years ago in a speech and its something that has stuck in the back of my mind ever since. Population demographics of a country is tremendously important for the growth of a country and this is why SE Asia is still a fantastic place to be investment […]
Read More →Saw this on twitter earlier from @edconway, its a table from the Bank of England showing which global indicators matter the most and in the end JP Morgan’s global manufacturing PMI numbers are important, whilst the Baltic Dry Index is just meh. Source: Twitter
Read More →LH 3Q12 presales over Bt20bn — LH says that 3Q13 presales will be more than Bt20bn. Management expects the company to achieve its target Bt30bn as it expects to book rental revenue from its apartment in California in 4Q13, pushing its revenues for the year to more than Bt25bn. (Khao Hoon, 17/09/13) Comment: This property […]
Read More →What a rebound! Crisis over! Well that was quick wasn’t it? Strongest rebounds were seen in the financials, prop and the tech sector, consumer products haven’t done so well.
Read More →Notable Transactions Buy(s) THB 50.7 mn N/A Sell(s) THB 50.3 mn CHG – Director sells off 20 mn baht, not too sure if this is a block sale or if he’s simply offering shares daily for this.
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