What’s your forecast for this year?

This is a question we get posed every year regarding our thoughts on the economy, the markets, which sectors are good/bad etc etc and while we make the necessary presentations with pretty powerpoint slides and insightful graphs, after being in this business for the past 8 years the best answer I can give is I don’t know.

Things constantly change, new companies emerge in terms of potential investments, others may fall out of favour, a natural disaster can wipe things out in an instant, politics can be a factor, China can hiccup, one major investment fund/bank can have a brainfart and a liquidity event occurs and so forth, so the best honest answer I give nowadays is to simply say I don’t know but that we will invest in a way that allows us to sleep well at night.

Stocks in the news (cpn, gland, global, pttep, rs, solar, spcg) 23.01.14


CPN invests Bt50mn in “CPN the Great Chinese New Year 2014” campaign. It hopes to stimulate consumption and aims shoppers growing 10-20%. (Khao Hoon, 23/1/14)

Comment: This company has grown with Thailand’s upcountry growth in the past few years, I can’t really believe rumours that they are supporting the protests at all.


GLAND expects to set up a property fund worth Bt4bn in 1Q14. It has already filed with the SEC. It said that its condo, “Belle Avenue Rama 9 Phase 2”, will be ready for transfer this year, while its Unilever office will be complete and transfer in 4Q14. Revenues for 2013 are expected to exceed Bt5bn. (Khao Hoon, 23/01/14)

Comment: Finally the assets on hand will be realised.


GLOBAL targets revenues growth of 25-30% this year. It also aims to invest Bt3.6bn to open 12 new branches on top of its 27 existing branches. (Khao Hoon, 23/01/14)

Comment: Expansion plan, but same-store-sales may be slowish Continue reading Stocks in the news (cpn, gland, global, pttep, rs, solar, spcg) 23.01.14