- Nothing at all!
Well the market somehow bounced up in the final hour on Friday, why? Everyone seems to think its window dressing. We had a Senate Election over the weekend, only a 42% turnout, well thats rubbish, and today Yingluck is supposed to go meet with the NACC to defend herself in regards to corruption around the Rice Scheme.
Cutting back — Management expects to lower its investment in 2014 from the usual Bt3bn annually. It will put off land development and street construction due high cost. It will continue to invest once the political situation recovers to normal. Currently, it has 14000 rai waiting for development and 2200 rai already being developed. (Matichon, 31/3/14)
Comment: Despite it being the 2nd best industrial estate developer in Thailand, if you value all the land and assets that Amata has on hand, then yes it’s a cheap stock
CIMBT introduces bancassurance plan that it hopes will pull in over 200,000 of its clients. The plan includes retail clients. It expects this to raise fee income by 50% YoY. (Khao Hoon, 31/3/14)
PTT signs EPC deal with Korean firms – Energy giant PTT Plc has earmarked Bt20bn to develop a second phase of a liquefied natural gas (LNG)-receiving terminal and gasification plant. It recently awarded an engineering, procurement and construction (EPC) contract to South Korea-based Daewoo Engineering Co and IHI Co. Construction will start shortly near the existing terminal in Mab Ta Phut, Rayong. (Bangkok Post, 31/03/14) Continue reading Stocks in the news (amata, cimbt, ptt, qh, sricha, wha) 31.03.14