The clever fellow that is Vincent Fernando over @ Religare put out his latest paper tracking ASEAN earnings, he states that “Thai 2014 earnings have been cut 6.1% over the last 6 months, but further cuts are likely. It appears as if 2014 numbers have yet to be cut in response to the worsening political […]
Read More →Last month Toyota said that they would be investing more into Indonesia for certain models, this despite an awful infrastructure system, and now Malaysia is looking for more investments from the auto sector as well. So will Thailand see less investment going forward? What impact will this have on SAT, TRU, STANLY and IHL on […]
Read More →AOT No infrastructure fund — AOT denies the rumor that it is going to set up an infrastructure fund. It says that AOT’s financials are sound with cash on hand of Bt40bn and profit of Bt11bn annually. Revenue this year is expected to grow by 10% and earnings for 1Q14 will hit Bt3.3bn. (Khao Hoon, […]
Read More →Last night the Government announced a State of Emergency, our first thoughts, other than being a bit more worried about violence, is what happenend to the market last time? The market had dropped just over -3% that day, the market backdrop is slightly different in that during 2010 the market was still rallying from the […]
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