ThaiCapitalist Commentary
2Q18’s are in full swing. Lots going on, market seems confused which way to go, the resource sector has returned to help things hold up. I still hold to the same thesis, bear market (rubbish econ, interest rates going up, banks not extending financing), great little rallies here and there for some names, but overall […]
Read More →Thai Rice Exporters Association said Thai rice exports are expected to reach 11mn tons, up from the previous expectation of 10mn tons. It expects rice exports to grow throughout 2H18 because Indonesia is ordering 1-2mn tons more from Thailand and the Philippines plans to import more than 0.5mn tons of Thai rice. (Post Today, 29/07/18) […]
Read More →BGRIM BGRIM plans to invest in 250MW more capacity in Vietnam, adding to current capacity of 420MW. The results will be known soon. It is also studying investment in Korea and Malaysia. It plans to add total capacity of 179 MW this year and plans to issue a Bt10bn bond. (Thun Hoon, 3/8/18) Comment: 1GW […]
Read More →B B expects earnings to turn around this year and expects revenue to double after it restructured into an integrated logistics service provider. It is negotiating with foreign business partners and expects a response within six months. (Kao Hoon, 2/8/18) DELTA DEISG announced a plan to make a tender offer to acquire all of DELTA […]
Read More →GLOW GLOW reported 2Q18 earnings of Bt1.8bn, down 36.5% YoY. 1H18 earnings were Bt4.4bn, down 6.7% YoY, due to higher maintenance cost and FX loss. (Kao Hoon, 1/8/18) Comment: Interesting, just as the acquisition is completed does GLOW report weaker earnings. HMPRO HMPRO posted 2Q18 earnings of Bt1.3bn, up 16.03% YoY. 1H18 earnings were Bt2.56bn, […]
Read More →AOT AOT says Suvarnabhumi Airport phase 2 expansion has progressed to around 30.62%. AOT is speeding up the project and plans to issue the TOR for the baggage belt conveyor and explosives detection system in August. (Kao Hoon, 31/7/18) BIG BIG set up a new subsidiary, Camera Holding, to expand its business. It expects 2H18 […]
Read More →So here’s the questions: Is the rebound this month going to continue for the rest of the year? Will FOMO drive the market higher? Or will other factors return i.e. valuations, fund flows, interest rates, create a natural overhang on the rise of the market?
Read More →Notable Transactions Buy(s) THB 3.8 mn N/A Sell(s) THB 48.1 mn ITD – And he’s still selling, there must be a lot of fee’s involved in getting away from the Panther killings…and I suppose the business isn’t doing well either, which is evident from the numbers
Read More →Byron Wein August 2018 His latest monthly letter is outttt and here’s a few interesting snippets and a link to the rest of the piece Today there are fewer public companies in the U.S. than at any time over the last 40 years. The peak year for public markets was 1996, when over 8,000 companies […]
Read More →Rise in interest rate no effect on public debt. The Director of Public Debt Management Office said he is not concerned about public debt management if interest rates rise because 90% of public debt is longterm debt at a fixed rate. Only 10% of public debt is short-term and affected by the rise of interest […]
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