Month: January 2014
Byron Wein: Preparing for a volatile year
Byron Wein’s latest commentary is out and he’s advised to be prepared for a volatile here, here he reviews his 2013 surprises, his thoughts on emerging markets, the US economy, Japan’s “third arrow”, interest rates and so forth. See below for a snippet and a direct link to the article. In the second Surprise I thought […]
Read More →Insight: How Thaksin’s meddling sparked a new Thai crisis for PM sister
This is good thorough article on the cock-up that is the Amnesty Bill that the government pushed through and what repercussions that it has had upon the Pheu Thai party and the political situation it has led to today, in the end, as we’ve written before here, it comes down to the simple fact that… […]
Read More →What happened this week 27/01 – 31/01
Thailand Ministry starts loan auctions, Legitimacy of decision in doubt – The Public Debt Management Office (PDMO) will kick-start the bridging-loan auction today in hopes of mobilizing funds to repay rice farmers by the end of this month. (Bangkok Post, 29/01/14) FTI: Manufacturing contribution to GDP to drop by 1% in 1Q14 — The Thai […]
Read More →Stocks in the news (BSM, CENTEL, GLOW, PTT, RATCH, SCC) 31.01.14
BSM BSM is preparing to launch two new products during March-April supporting 2014 revenue of Bt700mn, +30% YoY. It said revenue in 2013 beat its target of Bt500mn. It will focus on the healthcare market. (Khao Hoon, 31/1/14) Comment: New products will not have much influence on its performance if the demand in the construction […]
Read More →Stocks in the news (AGE, CPALL, DEMCO, JMART, KBANK, LPN, PF, THAI) 30.01.14
AGE Subsidiary investing in two power plants —AGE is having subsidiary AGE Power Holdinginvest in two power plants. The first is in Sukhothai with 3 MW. The other is in Phichit with9.9MW. It expects coal sales grow to 4 million tons. (Khao Hoon, 30/1/14) Comment: Now the forecast has increased to 4mil tonnes from 3mil […]
Read More →1997 all over again? Nope.
There have been several articles going around that Emerging markets are in the beginning stages of 1997 Asian Financial Crisis part deux and how Thailand is going to yet again be affected. We’ve gone through each data point thrown our way but in the end we disagree for Thailand. Quite simply: I don’t see high […]
Read More →Stock in the news 29.01.14 (AGE, AIT, AOT, CPF, EA, SENA, TRC)
AGE AGE to invest in a 9MW biomass power plant, a new line for its business. It is confident the biomass plant will bring in revenues of no less than Bt200mn per year. Coal sales for 2014 are to exceed 3mn tons this year, driven by strong demand from clients abroad. (Khao Hoon, 29/01/14) Comment: […]
Read More →Taking over streets is legal?
Just out now, the Criminal Court rejects the DSI’s request for arrest warrants for 16 core members of the protestors for alleged violations of the emergency decree. So wait, if I and a bunch of friends decide to take over a few key intersections then I haven’t done anything wrong? I won’t be arrested for […]
Read More →Which sectors drove the SET for the past 7 years
Out of curiouristy we did a quick backcheck of the past sectors that have driven the SET for the last 7 years. Upon seeing the results we do ask ourselves, why bother stock picking? We have to choose out of 550 companies a portfolio of 10 strong ideas, why not just pick a few strong […]
Read More →