Hemaraj Land and Development Plc (SET symbol: HEMRAJ) has been Thailand’s leading developer of industrial estates and related services since 1988. It offers developed industrial land, utilities, ready-built factories for rent, warehouses for logistics, quality industrial services and an integrated logistics and supply chain in six industrial estates, located mostly along the Eastern Seaboard. It […]
Read More →Having been in Europe for the past week or so, or specifically in Belgium I haven’t noticed a huge impact on consumer behaviour versus the last year or any other period that I have come here annually. Instead the majority of issues that I hear stem from the likelihood of increased taxes from the government (mind you […]
Read More →The first rule of fight club investing is don’t fight with the central banks. Globally central bank policies have certainly transformed markets and placed a floor under all pull backs over the past few years. First the ECB pledge’s to buy up 3 year bonds (unlimited purchasing) of countries that will obey the laws and conditions […]
Read More →Saw this article over at CNBC and it does a nice summary of what we were all waiting for this government to finally confirm and announce. THB 2.2 trillion baht worth of projects and liquidity to flush the system here. While companies will benefit? Well in this order I think. Contractors – Cement co’s – […]
Read More →Thailand’s Export numbers for August were rubbish, according to the the Ministry of Commerce reported that exports dropped -6.9% YoY to US$ 19.6 bn from -4.4% YoY in July (although they were still up +1.1% MoM) Still something we’ve been writing all year is that because of the austerity measures in Europe coupled (and partly leading […]
Read More →What a month the SET is having, up nearly 5% already, so much for September being the worst month of the year for equities!
Read More →Notable transactions Buy(s): BGH – The President continues his accumulation of shares, he started since around THB 80/share BTS – Now this is interesting, whilst the VGI listing is a good sentiment boost for the stock, I’m thinking aloud that it may be the potential of an infrastructure fund that may be the reason behind […]
Read More →I had the pleasure of meeting Stars Microelectronics in 2009 when the company was making its margins building screen after screen for RIM (blackberry) and its revenues manufacturing hard drives for Western Digital. The owner had a very good story regarding how the company came to be and within the past year has been unfortunately […]
Read More →Its been a relatively quiet week, other than local domestic issues not regarding to the stock market to whine about I haven’t seen much else news to comment on. Positives: US existing home sales in Aug totals 4.82mm annualized, well above est of 4.56mm and the most since Nov ’09 with months supply falling to […]
Read More →Analysts have been sending me this table most of today with the headlines that Thai Bank’s loan growth has been slowing in the month of August but a MoM growth of +1.0% for the whole sector isn’t bad. Based on the figures this is what I see: The Small financial institutions (KK and TISCO) have […]
Read More →