BTS prospers on rails and in media

Originally published in the Bangkok Post 14th September

BTS Group is a leading provider of passenger services in Thailand, focusing on rail mass transit in Bangkok. Among the 50 largest companies on the SET by market capitalisation, it is also the largest out-of-home media company in Thailand and is engaged in property development along mass-transit routes. Daniel Ross, financial director and head of investor relations of BTS Group Holdings Plc, discusses the company’s strategy and outlook.

‘Moving forward, though, we will focus on our core strengths and expertise and so I envisage that BTS will remain Bangkok’s leading masstransit solution provider and Thailand’s leading out-ofhome media company,’ says Mr Ross.

What is BTS’s business model?

We have four business areas within the group: mass transit, media, property and services, with each having its own distinct business model. Our mission as a mass-transit company is to provide the community we serve with a comprehensive range of city solutions that significantly contribute to an improved way of life. Our aim as a public company is to deliver accretion of shareholder value through earnings growth and improvement in operational effectiveness _ specifically, by delivering long-term shareholder returns that outperform returns from investment alternatives with a similar risk profile.

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Charts charts charts!

Our queen chartist Ploy is back with her latest thoughts!

Finally, I am back from the dynamic markets of commodities and forex.

After twists and turns in the market, finally we have got ECB’s OMT and Fed’s QE3!!! Every markets rally in signs of happiness and relieves. The question is: how far will these rallies go?

The S&P 500 index has breached an important breakout above strong weekly resistance, and the index is poised to test 1,555-1,560 or its previous High at 1,576.06, reached in October, 2007. The Dow Jones faces similar resistances at 13,600 and 13,750. Those are upsides for Wall Street in the current rallies.

 

Rallies in stock markets are confirmed by a decline in the US dollar index. The index may tumble to support at 78.60-78 or lower. In term of timing, I found a low cycle in the US dollar index, shown in the chart below. The chart interprets that the US dollar index may continue its decline until approximate September 24, or last week of September. Since the US dollar index is comprised with Euro (around 57% of the index’s components), I looked at the Dollar/Euro exchange rate and found a peak cycle ended approximate September 24, or last week of September as well. That means, the Euro may continue strengthening against the U.S. Dollar until around September 24.

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Management Trades 03.09.12 to 07.09.12

Notable Transactions

Buy(s):

  • BGH – This has been the story of the year with the President continuing to buy shares
  • PS – Preuksa was the most affected property company last year because of the floods but they have rebounded quite well despite difficulties. Owner buys THB 148 mn
  • TVO – Director of the company accumulates THB 48 mn worth of shares

Sell(s):

  • MJD – Owner and director unloads THB 33mn hmm…
  • TUF – Not the first time a Director has been selling this year
  • CPF – I found this transaction to be odd
  • SPC – Massive sale by one of the major shareholders