Sector update 04/11 – 08/11

Well Politics politics politics were the main news for the past week, however point your eyes to how the telecom sector has been performing, average numbers from ADVANC has hurt the sector badly and given that’s one of the largest sectors on the SET, it may continue to be a drag on any market rally.



01set 02mai Continue reading Sector update 04/11 – 08/11

Stocks in the news (bmcl, cpf, erw, gunkul, ivl, pttgc, ratch, spcg) 12.11.13


Capital raise okayed by shareholders — Shareholders have given approval for BMCL to raise capital by Bt8.55bn and change its rights offering from 5.9:1 (existing: new shares) to 1.39:1 share. Management says that the recapitalization will help strengthen the firm’s financial position by saving Bt640m on interest expense per year. (Khao Hoon, 12/11/13)
Comment: No surprise here, definitely needed for the company
Mixed results for giants – CPF reported improved 3Q13 results with a net profit of Bt2.65bn on Bt105.26bn in sales, up 10% and 8% from the same period last year. Net profit for the nine months to September plunged more than 71% YoY to Bt5.31bn despite sales growing 9% to Bt285.8bn. Management said the decline in nine months profit was due to early mortality syndrome (EMS), a disease that began damaging local shrimp production late last year. (Bangkok Post, 12/11/13)
Comment: We’ve been thinking aloud, once CPALL’s #’s recover and the food industry begins to improve would this all result in a strong rally for CPF?
ERW reported 9M13 net profit of Bt873mn from extra gain, without that it was a net loss of Bt6mn. It said 13 hotels are being developed and will open in 2Q14-4Q14. (Khao Hoon, 12/11/13)
Comment: ERW was a simple play before with an NAV worth at least THB 6 /share, now we don’t see it hitting those levels unless it consistently does a property fund on an annual basis Continue reading Stocks in the news (bmcl, cpf, erw, gunkul, ivl, pttgc, ratch, spcg) 12.11.13

And its all done, protesters go home!

And its all done!

Preah Vihear belongs to Cambodia as everyone had expected, the Senate kicked out the Amnesty Bill with a 140-0 vote. What else are they going to stay on the streets for now? To kick the government out and have a snap election? Please democrats you’re still going to lose. Red shirts what are you on the street for now? To place pretty red banners all around CentralWorld? Protesters go home!

Market’s have begun their rally and are most likely to continue for the rest of the day.  Now if only I could find a Whistle manufacturer to short…