Just saw this at the WSJ, it’s a nice little list on 5 silly things to avoid, not thailand related I know, but interesting nonetheless.
1. Reaching for yield
What this country needs is a good 5% certificate of deposit. Instead the collapse in interest rates, and the Federal Reserve’s policy of keeping them down for as long as possible, is driving people crazy—especially people who need to generate income from their investments.
2. Going into the poor house to send Junior to a country-club college
Over the past 40 years, the cost of tuition and fees at a private university has tripled—after accounting for inflation. The cost of a public university has quadrupled. Continue reading Dumb money moves
Aapico enters parts venture — Sumino Kogyo Co, the Japanese supplier of Mazda Corporation, will enter a Bt600mn joint venture with AH to make precision-press welding parts in Thailand. The JV will set up a factory in Chonburi’s Amata Nakorn Industrial Estate, with full operations nearly next year. Sumino will hold 51% and AH the rest. (Bangkok Post, 30/03/13)
Comment: Ah soo…now we know why the owner has been buying his shares up…
BECL speeds up net profit goal to Bt4bn — BECL believes it can nearly double its net profit to Bt4bn this year from Bt2.25bn last year thanks to its increased stake in TTW and a scheduled toll increase. Listing of CK Power, in which BECL holds 30%, will also contribute to profit. (Bangkok Post, 30/03/13) Continue reading Stocks in the news (ah, becl, hemraj, mcot, qh, true) 01.04.13
We haven’t been surprised by the movement in the THB and still argue that eventually the currency will return to THB/USD should be 25 within a relative short period of time (not tomorrow obviously). Thus fund flow, Fitch ratings upgrade, a “stable” government, and yields to chase and voila Thailand receives fund flow
Thailand’s baht strengthened for a second day and government bonds rose on speculation a brightening outlook for the economy will spur global demand for the nation’s assets.
Overseas investors bought $3.2 billion more sovereign debt than they sold this month and pumped a net $209 million into equities, official data show. Imports rose 5.3 percent in February after an increase of 41 percent in January, a fifth monthly advance, a government report today showed.