Daily Archives: March 29, 2013

Commentary, Research, Stocks, Updates

Management Trades (25.03.13-29.03.13)

Leave a comment

Notable Transactions

Buy(s)

  • AH – The owner has been buying up his shares all of this year .
  • Ticon – Lots of buying happening here , are REIT’s the reason for this? Does beg the question as to why management and founders weren’t buying their own shares when the stock was low mid-teen’s.
  • Tpipl – K. Prachai is back! 

Sell(s):

  • Amata – This is a massive sale! thb 1 bn by the founder K. Vikrom
  • PPC – Not to sure what the story is here, THb 150 mn sold by two key members of the company, the shrimp business has been suffering because of the THB appreciation and global prices being rubbish. 

130327 mgmt_trades

Commentary, Updates

Exports down 5.83% in February

Leave a comment

Comment: A sign of things to come? With news from Europe not improving at all, and the recent Cyprus rubbish continuing to damp business sentiment. I can’t see exports improving that strongly anymore.

Exports for February were down 5.83% on the same month last year, with a total value of US$17.92 billion, permanent secretary for commerce Watcharee Wimuktayon said on Thursday.

…

She said exports over the first two months of the year (Jan-Feb) rose from the same period last year by 4.09%, with total value of US$36.196 billion, while imports totalled US$43.24 billion, resulting in a trade deficit of US$7.04 billion.

Source: Bangkok Post

Commentary, Research, Stocks, Updates

Stocks in the news (aot, scc, top) 28.03.13

Leave a comment

AOT

AOT to press govt. for Don Muang upgrade — The AOT board is to ask the cabinet to make Don Muang a fully functional airport. Don Muang airport currently serves low-cost carriers with point-to-point international and domestic services. AOT board chairman Sita Divari said yesterday the board had approved a proposal to upgrade Don Muang airport to serve all airlines, not only budget ones, because of a sharp increase in air traffic at Suvarnabhumi airport. Oneworld, one of the world’s global airline alliances, has expressed an interest in relocating services to Don Muang he said. (Bangkok Post, 28/03/13)

Comment: AOT, the wonderfully efficient organisation that it is, has to increase capacity asap Continue reading Stocks in the news (aot, scc, top) 28.03.13 →

Commentary, Research, Stocks, Updates

Stocks in the news (efc, intuch, lpn, ptt, ssc, ssi) – 27.03.13

Leave a comment

ECF

ECF surges on listing — Shares of East Coast Furnitech (ECF), which began trade on the mai yesterday, doubled from their IPO price, surging 101.67% to close the day at Bt2.42 in trade worth Bt837.65mn. (Bangkok Post, 27/03/13)

Comment: No comment. Ok no i will, ECF IPO’ed @ about THB 600 mn mkt cap, of which some 20% was floated…so thats THB 120 mn of liquidity available in the market. As we’ve seen with every “small” IPO this year it doubles on the first day, enticing more and more retail investors in the market. And while I’m sure the company makes a lovely product etc etc, to make a stock double on the first day by 100% when there’s only THB 120 mn worth of shares is honestly not that difficult. Just be wary if you ever want to chase these things.

INTUCH

InTouch plans six joint ventures this year — INTUCH says it will enter into joint ventures with six companies this year. INTUCH, through its venture capital arm InVent, last September signed its first deal by acquiring a 25% stake in digital publication firm Ookbee for Bt57.8mn. The diversification is part of the group’s strategy to reduce its heavy reliance on the telecom business. (Bangkok Post, 27/03/13)

Comment: We think INTUCH will benefit the most from this digital satelitte change, they are the only company with the balance sheet capable of bidding across the board Continue reading Stocks in the news (efc, intuch, lpn, ptt, ssc, ssi) – 27.03.13 →

Commentary, Research, Stocks, Updates

Stocks in the news (advanc, cpf, singer, tpipl) 25.03.13

Leave a comment

ADVANC

TPT mulls early end to concession — TOT may end its mobile concession contract with ADVANC this year, two years before the expiration date, to enable the state telecom to early a final sum of Bt40bn from ADVANC. The proposal is part of TOT’s survival plans after its concession revenue vanishes at the end of this year. Under Section 84 of the Frequency Allocation Act of 2010, TOT must return concession revenue and revenue from frequency-related services to the NBTC starting this December 20. The NBTC will then pass the revenue to the state. (Bangkok Post, 25/03/13)

Comment: And in between the period that TOT receives the funds from ADVANC and is supposed to pass it on to NBTC, 20% will magically disappear into offshore bank accounts hahaha

CPF

CPF lays out US$100mn Vietnam expansion — CPF is gearing up to produce more processed foods in Vietnam in preparation to serve domestic demand and greater consumption expected from the coming single market in ASEAN. Its CP Vietnam Corporation unit is investing US$100mn in several core businesses to support the production of processed food under the CP brand. (Bangkok Post, 25/03/13) Continue reading Stocks in the news (advanc, cpf, singer, tpipl) 25.03.13 →