What happened this past week 08.04.13 to 12.04.13

Thailand

  • Purple Line readies for 2016 debut pending cabinet OK — The long delayed Purple Line mass transit project ids expected to be operational by 2016 as the operating and maintenance contract is expected to be approved by the cabinet after Songkran, says BMCL. The construction of the 16-km route is halfway done, said BMCL president Chaiwat Utaiwan. Bangkok Post, 11/04/13)
  • Dawei SPV to get green light in May — The shareholding structure of a special purpose vehicle (SPV) to manage Myanmar’s massive deep-sea port and special economic zone project in Dawei is expected to be wrapped up in May. The two governments are deciding on a structure in which they equally own the SPV, said PM’s Office Minister Niwatthamrong, who chaired the Joint Coordinating Committee meeting between Thailand and Myanmar. (Bangkok Post, 12/04/13) Continue reading What happened this past week 08.04.13 to 12.04.13

Management Trades – March Summary

Sells > Buys; 5.6 bn vs 1.3bn

Buys- AH, BANPU, BGH, BLAND, EPCO, GFM, JUTHA, KCE, PS, SIRI, TICON, TONHUA, TPIPL, TTA, TVI

Sells – AMATA, BGH, BTS, GFM, KK, NWR, OFM, PPC, PS, SAMART, SCC, SIRI, TCC, TFI, TICON, TPIPL, TUF, VIBHA

Note: All mentioned tickers have values of THB 20 mn in transactions or higher

Continue reading Management Trades – March Summary

Stocks in the news (cpf) 12.04.13

CPF unaffected by China flu — CPF said the spread of a new bird flu virus strain in China and Vietnam has not affected the company’s businesses there. CPF funs feed mills in China and in Vietnam it focuses on pig and shrimp farms, said president and CEO Adirek Sripratak on Tuesday. He also said it has not affected CPF’s businesses in Thailand, with chicken sales unchanged and prices actually moving up. (Bangkok Post, 12/04/13)

Comment: This stock has had a disappointing 12 months, first the local chicken industry was swamped with massive oversupply for most of 2012 and now this. 2013 turnaround perhaps?

Stocks in the news (kbank) 11.04.13

KBANK sells Bt8bn mortgages to free up funds — KBANK has sold mortgages worth Bt8bn to SME to free up funds for more lending and eliminate the need to raise capital. KBANK believes the asset sale will allow it to lend more to homebuyers at its current capital adequacy level and will also generate a higher fee-based income. (Bangkok Post, 11/04/13)