Cyprus!! Meh…

Well there’s a bit a lot of news surrounding Cyprus and its given markets, especially Thailand a reason to finally sell off a bit. We’ve scoured the net and found a few interesting articles that may be of interest explaining whats going on there, the problem and even a potential solution.

It is a levy of 9.9 per cent on deposits above €100k, but also of 6.7 per cent on those holding amounts below €100k down to zero. Continue reading Cyprus!! Meh…

Stocks in the news (cpn, thai) 21.03.13


CPN to raise funds for new development — CPN plans to raise an additional Bt10-12bn this year to finance its ambitious investment plans including developing a prime location at the busy intersection of Rama IV and Sathorn roads. CPN will issue new units of its CPN Retail Growth Leasehold Property Fund (CPNRF) in a private placement, to be backed by two new projects in Chiang Mai and on Bangkok’s Ram Intra Rd. It Is also considering adding another asset to its CPN Commercial Growth Leasehold Property Fund (CPNCG), which invests in the leasehold rights of The Office@Central World. (Bangkok Post, 21/03/13)

Comment: Their performance has just been wow…continued clever moves by the group to expand and take advantage of the lower rates available in the market today. 


THAI ranks 30th for flight punctuality — The Thai flag carrier was ranked 30th of the 48 major international carriers tracked last month by FlightStats, the Oregon-based inflight information services provider, with a 78.85% record. (Bangkok Post, 21/03/13)

 Comment: Isn’t that rubbish?!

Stocks in the news (bts, kbank, thai, tisco) 20.03.13


BTS lays tracks for infrastructure IPO — BTS wants to bid for three mass transit rail projects worth a combined Bt100bn, of which Bt30bn will be allocated from the imminent launch of its infrastructure fund, from which it expects to raise more than Bt60bn. Chairman Keeree Kanjanapas said the BTS, the first company to raise funds through an infrastructure fund, plans to bid for the Green Line extensions from Mor Chit to Saphan Mai and from Bearing to Samut Prakan. The Pink Line from Khae Rai to Min Buri is expected to call for bids no later than next year, while an 18km light rail project from Bang Na to Suvarnabhumi airport is in the pipeline. (Bangkok Post, 20/03/13)

Comment: Stock run up hasn’t been surprising, wouldn’t be surprised to see continued strength until the IPO of its infrastructure fund BTSGIF


KBANK bids to help support franchises — KBANK aims to double SME loans to franchisees to Bt1.2bn by the end of the year, thanks to strong growth of the segment of 15-20% per year. The bank forecasts franchise market value will reach Bt328bn this year, rising 82% from Bt180bn in 2011. (Bangkok Post, 20/03/13)


THAI to add London A380 route when next jets arrive — THAI said it plans to operate the Airbus SAS A380 superjumbo to London’s Heathrow airport following delivery of its fifth and sixth aircraft later this year. It said it cannot be more specific about the exact inauguration since the delivery dates of the planes are not certain. The A380 will substitute for one of two services provided by Boeing 747-400s that will return to the London route this month after a year’s gap for refurbishment. One reason for keeping the 747 is its cargo flexibility, general manager Wit Kitchathorn said. (Bangkok Post, 20/03/13) Continue reading Stocks in the news (bts, kbank, thai, tisco) 20.03.13

Sector Update 11.05.13 – 15.03.13

Last week, the Thai market continued its spectacular start to the year and globally continued strong data out of the US, Japan continuing its aim to expand its own balance sheet further and Europe looking brighter with another Spanish bond auction  selling with the lowest yields seen since 2010. But we still keep banging our heads against the wall given the high valuation of the SET and the market still going up.

130308 00sum

130308 01set 130318 02mai Continue reading Sector Update 11.05.13 – 15.03.13