Management Trades – Weekly

Again a lot of transactions last week!

Notable Buys:

  • BLAND – I’ve been saying this whenever K. Anant’s name pops up in the management trades, if its below 0.70 he buys, above it he sells
  • Grammy – K. Paiboon enjoying the fact that only he has the rights to showcase the Euros in Thailand
  • SIRI – The president knows how to “cut costs” or in plain english stop siphoning money out and improve margins and profit from capital gains.
  • TGPRO – Now this is interesting…there’s been a major change in shareholders in this company over the past month, and now the managing director just purchased an additional  THB 171 mn in shares, TGPRO is trading at a PE of 2x..but its in the steel sector…

Sells:

  • AAV – Thai Air Asia, on the day it lists management sells how much…THB 2.6 bn worth of shares, well done, nice con job, list at 16x PE, beg investors to buy your shares and then dump it in the market leading to the stock price dropping 11%.

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2 thoughts on “Management Trades – Weekly”

  1. I agree with Pon’s statement regarding AAV-Thai Air Asia; “well done, nice con job”. Who the hell in their right mind (except scammers involved) would pay 16 times P/E on an IPO? This is definitely one of those deals (drops 11 percent) that should be looked into as it smells fishy to me, too. Doing these sorts of deals really makes Thailand look like it condones such actions? And does nothing to enhance its reputation as a safe place to do business. In my mind, the SET is one of the safest places to do business in Thailand, where you actually have laws that try to protect clients here…should I do a rethink or am I just being naive?

    1. Well facebook did just IPO @ 100x PE…

      I don’t feel that any IPO reflects poorly upon Thailand nor the stock market here as a safe place to do business/invest there are far more unscrupulous IPO activities since in NY, London, HK and S’pore. The blame should be purely aimed at the company listing and the underwriters.

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