Three things worth reading today

GMO’s Jeremy Grantham on Climate Change and Investable Ideas (BusinessWeek)

Comment: The always great to read Grantham, gives his ideas re farming as an investment

Market Commentary by Byron Wien- Worried About the Second Half (Blackstone)

 Comment: Wein outlines his worries for the 2H13 GDP growth in the US

Howard Marks Latest Memo (Oaktree)

Comment: A fantastic read here, Marks goes through the impact of confidence on the markets

What happened this week 05/08 – 09/08


  • New stimulus measures shift focus away from SME assistance – The government’s latest stimulus package has the potential to spur economic growth since it is designed to break down barriers to business and investment rather than just boost tepid domestic consumption, says the central bank. (Bangkok Post, 08/08/13)
  • Confidence dips again – Consumer confidence dipped for the fourth consecutive month in July and hit a seven-month low, as consumers were worried about politics in the wake of anti-government protests. A survey by the University of the Thai Chamber of Commerce (UTCC) reported the consumer confidence index slipped to 80.3 points in July from 81.6 points in June. It was 82.5 in May, 83.7 in April, 84.8 in March and 84 in February. (Bangkok Post, 07/08/13)
  • Stimulus packages backed – The cabinet yesterday gave the nod to new stimulus packages to spur the economy, with the aim of boosting growth by one percentage point. The packages focus on boosting private consumption and private investment, speeding up the government’s budget disbursement and stimulating exports after the economy showed signs of slowing down. (Bangkok Post, 07/08/13) Continue reading What happened this week 05/08 – 09/08

Stocks in the news (advanc, bgh, major, ci, mcot, pttep, tcap) 09.08.13

ADVANC AIS curbs ‘bill shock’ for 3G customers using data services – Advanced Info Service (AIS) has introduced an automatic data tariff adjustment to curb “bill shock”, one of 3G users’ worst experiences. The move is also aimed at complying with National Broadcasting and Telecommunications Commission regulations requiring 3G operators to lower their 2G and 3G tariffs by 15%. Data-intensive services such as video-sharing and radio-streaming have sparked new concerns among consumers regarding out-of-control billing. Titipong Khiewpaisal, the senior vice-president for consumer marketing and sales at Thailand’s largest mobile operator, said the iFair system is aimed at easing such concerns. (Bangkok Post, 09/08/13)

Comment: hahahaha!

BGH/MAJOR BGH investing with MAJOR in theater — BGH is to join hands with MAJOR and invest Bt10mn to open Siam Pawalai movie theater. BGH is confident that it will expand the number of its hospitals to 50 by 2015 after opening up to 10 hospitals this year. It will invest Bt7bn to expand domestically and abroad and expects net profit to grow by 12% this year. (Khao Hoon, 09/08/13)

Continue reading Stocks in the news (advanc, bgh, major, ci, mcot, pttep, tcap) 09.08.13