Management Trades – Weekly

Tremendous amount of buying last week by management of public c0mpanies here!

Notable Transactions:

Buys:

Banpu – Family and director purchase additional shares in the company, total purchased in the past month is near THB 100 mn

BLAND – He’s having fun again and joining the party is K. Ausakoon buying and selling the shares multiple times last week

CGS – The family buys THB 60 mn worth of shares

SIRI – The stock has lost a bit of its momentum falling inline with the market, the president continues to pick up shares here.

Sells:

BLAND – welcome to the party K. Ausakoon!

Thaksin’s pushing hard to come back

This coming Wednesday Gen Sonthi Boonyaratglin, Chairman of the House Committee for National Reconciliation plans to table a “reconciliation bill” to Parliament that would provide blanket amnesty to all politicians and public servants (civil servants, soldiers, police etc..) for any political crimes committed since 2006 [note: convenient year to choose!]

Thanachart put out flow chart of the likely timetable and process required for the bill to be passed.

So what does this all mean? 

Pheu Thai (PT) currently has strong support within the country and the opposition whether it be the democrats (still reeling from their abundant corruption during their term) or the PAD (who?!) aren’t likely to pose much of a threat. So with the opposition weak the likelihood of political turmoil is minimal, no political turmoil means likely no meddling from the military. We’ve already seen in the past few months how Yingluck and PT is mending the fences with formerly aggrieved groups (won’t state whom for obvious reasons).

We have upcoming elections next year with Pheu Thai likely to increase their number of seats in parliament, currently at 265/500 and analysts expecting close to 300.

So…lets just imagine Thailand is a company, it has displayed consistent earnings growth of 4-6% (excl 2008) of GDP growth for the past decade, it has a clean balance sheet with low Debt-GDP levels and management while most definitely not perfect, is far better than the alternative and will be able to push through their agendas for infrastructure spending and other pro-growth policies, its geographically well located to take advantage of the growth from Vietnam, Laos, Cambodia and Myanmar, and its a natural second hub for companies outside of Singapore. Doesn’t this just sound like a fantastic investment opportunity?

Quick side note:

Yes Gen Sonthi was one of the key leaders of the military coup that kicked Thaksin out and officially his Matubhum Party is an opposition party (any takers how long this will last?) and yes he’s now pushing through a law that will exonerate Thaksin of his convicted crimes. Incredible what a couple of baht can accomplish. Say what you want about the man, but Thaksin has played this political game beautifully.

Howard Woon Services – Singapore

I just noticed a large increase in visits to this site…most of you were sent to this link http://thaicapitalist.com/2011/10/thank-yous/ where I thanked Howard Woon for allowing me to interview his clients of Shareinvestor Thailand for the Bangkok Post. If you hadn’t realised, its because of Shareinvestor Thailand that it is so easy to find public information about listed Thai companies as they manage the IR website section for near 150 public companies here.

Howard passed late last week in Singapore after being in a coma for the past 2 weeks and if you’d like to pay your respects with us friends and his family, night services are being held at 69 Florissa Park, Singapore 789652 this coming Wednesday 30/05/12 @ 8pm and the funeral service on Thursday 31/05/12 at 2.30pm for burial at Chua Chu Kang Christian Cemetery.

His sudden passing has been a major shock to us all and I’m going to miss our daily rants on bbm about life in general, sharing investment thoughts and ideas on the market, figuring out new ways on how better to enjoy life and his incessant nagging on getting me to join him for more rounds of golf.

Life can be stupidly short. Lets enjoy it :)

Charts – Weekly

Ploy has put together a plethora of charts and information, she’s still hesitant on the market as whole and lists out key factors to look for.

SET made a low at 1,101.59 last week.

Although there have been rebound for 3 consecutive trading days, and the SET made a beautiful rebound from the support at 1,100, I am still bearish.

Some of you may have started buying now that the sky seems so bright and there seems to be sunny days ahead in the SET. Well, buying is applicable, if you really, really, need to buy.

Continue reading Charts – Weekly