Aberdeen Buys Thailand’s Stocks Amid Worst First-Day Drop

If one of the most consistent performing mutual funds in Thailand is doing this and thinks this way shouldn’t we be paying attention?

“I was very busy buying stocks yesterday,” Adithep Vanabriksha, the Bangkok-based chief investment officer for Thailand at Aberdeen Asset Management, which oversees about $324.6 billion worldwide, said by phone today. “I still strongly believe that the current political crisis will be resolved in a peaceful way and the stock market will rebound.”

Source: Bloomberg

Who’s been dumping the market?

The news would have you believe its 100% foreign selling

The numbers say otherwise:

140106 Week 1 tradesSource: www.set.or.th

One viewpoint may be that retail investors are redeeming their LTF’s and buying back into the market

Another may be that retail investors already had a lot of additional firepower to pick up stocks as they’ve been buying throughout most of the drop.

No idea but its interesting to note nonetheless

Stocks in the news (amata, bbl, cpf, global, glow, ps, wha) 06.01.14


AMATA land sales for 2013 ended at 1,000 rai. In 2014, it plans to focus more on land sales abroad, especially in Vietnam, to avoid the political turmoil in Thailand. It said that 3-4 customers are already waiting to sign a deal. (Khao Hoon, 06/01/13)

Comments: AMATA’s business model is very simple, land sales, some years its good, some years its bad, and its during the negative period when one should consider picking up the stock


BBL targets 5-7% loan growth in 2014 — BBL plans to grow loans in 2014 at 5-7% YoY supported by all channels, despite political pressure. It said 2013 revenue growth hit its target at 8% and expects net profit of Bt36.7bn, up 11% YoY. (Khao Hoon, 6/1/13)


Targets 1,000 stores in India and Vietnam in 5 years — CPF plans to expand its business over the next five years with a target of at least 1,000 stores in India and Vietnam within the next five years. The company targets growth of 25-30% annually in those countries. (Khao Hoon, 06/01/13)  Continue reading Stocks in the news (amata, bbl, cpf, global, glow, ps, wha) 06.01.14