LTFs FTW!
The market had a steady day until the last 30 mins, when the market shot up +1%. We presume mutual funds had to complete as much of their buying as possible before the last trading day of the year tomorrow. Fundamentals? Meh!
Read More →Month: December 2012
Stocks in the news (TTA, BTS, SAT) – 27.12.12
BTS BTS Ridership grows nicely in November — BTS reports high ridership at 566,048 passengers/day, +26% YoY in November. (Company) Comment: You still have to wait in queue just get on the damn thing in the morning! Essentially looking @ this via the infrastructure fund, easy for the co to hit THB 8/share next year. […]
Read More →Management Trades 17.12.12 to 21.12.12
Notable Transactions: Buy(s) BGH – A group of major shareholders/management/directors purchase over THB 45 mn ERW – A family member/director purchases a combination of the stock and the warrant TVD – The CEO purchases THB 16 mn Sell(s) EMC – K. Chanachai, a well known stock punter, offloads shares in his co IHL – A […]
Read More →Stocks in the news (EARTH, KTB, MJD, PTT, SCCC, TCCC, VGI) 25.12.12
EARTH Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of […]
Read More →Sector Update 17.12.12 to 21.12.12
The market continues to rally on the back of the US fiscal policy (although now its turning the other way) and continued fund flow from LTF’s. There’s not much more time left for the year and soon enough funds/research houses will begin to talk about the “January Effect”
Read More →Stocks in the news (BAY, BGH, CK, DNA, PTTEP) 24.12.12
BAY Japan company wins bid for BAY — Japan’s Mitsubishi UFJ Financial Group Inc won the BAY’s bid from GE Capital International Holding Corporation. BAY will announce the official result to the SET on Dec 26, 2012. (Khao Hoon, 24/12/12) Comment: I can believe this story far more than any of the Malaysian bank rumours, […]
Read More →New forums section
A few minor changes to the site in the past week, one we’ve added in a stock news rss feed that shows key news releases of publicly listed companies here in Thailand Secondly, given that the number of unique visits to this site has increased tremendously over the past 12 months (thank you all!), we’ve […]
Read More →What happened this past week 17.12 – 21.12
Summary of the past week’s key events Positive(s) Thai Nov car exports exceed 100,000 units Japan held elections last weekend which saw the Liberal Democratic Party (LDP) come to power with an overwhelming victory. LDP’s Shinzo Abe is expected to replace prime minister Yoshihiko Noda and had campaigned promising more monetary and fiscal stimulus. BoJ […]
Read More →Stocks in the news (CK, DTAC, KAMART, SCC, TRT) 21.12.12
CK Sale of TTW stake gives huge one-time-gain; good news already priced in — CK’s Board of Directors approved the sale of 11% of its holding in TTW at Bt7.55/sh to BECL. This is subject to shareholders approval, with meeting scheduled on Feb 5th. Comment: It’s a Bt3.3bn transaction, CK will be left with 19% […]
Read More →Stocks in the news (ANAN, KC, SENA, THCOM, TOG, TRUE, TUF) – 19.12.12
ANAN Buys land for condo on Sukhumvit — ANAN acquires the land to develop a condominium in Sukumvit worth Bt825mn, using the funds from its IPO. The company expects to launch the first phase in 1Q13 with construction finished in 1Q14. (Tun Hoon, 19/12/12) Comment: They needed to IPO to raise capital and I’m not […]
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