Howard Marks Latest Memo: You Bet
I think this summarises the latest Memo from Howard Marks well. “Investing involves hidden information, luck and skill” Enjoy! Source: Oaktree
Read More →Month: January 2020
Stocks in the news (advanc, ap, bdms, ccp, ktb, planb, ratch, rs, tcmc, tse, wha) 15.01.20
ADVANC was the 5th to acquire 5G bidding docs, while Cabinet gives greenlight for National Telecom (NT) to participate in the bidding. Comment: I want to see a JAS part 2. AP launches Bt4.7b luxury condo the Rhythm Charoenkrung Pavilion in JV with Japanese partner, plans 4 new condo projects worth Bt12b. Comment: The real […]
Read More →Blackrock’s Annual Letter
Why pay attention to this? They only manage some USD 6 trn in assets…so it wouldn’t hurt to see what they are planning to do with their capital and here’s the two key paragraphs and a link to the 2 of their letters “ Climate change has become a defining factor in companies’ long-term prospects. […]
Read More →Stocks in the news (aot, awc, bbl, bec, demco, ekh, gpi, stec) 14.01.20
AOT to sell 2nd round of TOR for duty free pick-up counter at DMK airport on Jan 20 as only 1 bidder participated 1st round. AWC holds press conference for new business cooperation at InterContinental Hotels Group. Comment: Still an overpriced behemoth. BBL seeks shareholder approval for Permata acquisitions upcoming AGM in February, expects transaction […]
Read More →Market Update 13/01
It was all about the US vs Iran last week. The main news event this week has been that the government finally did their job and approved the budget for 2020 – only 3 months late. Who says “democratic” governments don’t work…
Read More →Stocks in the news (aav, bdms, bgrim, ci, cpn, gulf, smt, vgi) 13.01.20
AAV to book Bt4.3b gain from selling 10 A320, before leasing back 9 of them. Comment: A tough industry getting tougher by the day. Although this my put them in a stronger balance sheet position versus their competitors BDMS board member, Puttipong Prasarttong-Osoth, sold 2m shrs at Bt25.5 avg on Thurs (Jan 9), SEC filing. […]
Read More →Management Trades: 06/01 – 10/01
Notable Transactions Buy(s) THB 61.8 mn N/A Sell(s) THB 61.1 mn BDMS – Family members continue to sell
Read More →WHTW Top 10: 02/01 – 12/01
Govt told to delay land tax : Local authorites not prepared, says MP. The government is being urged to delay the implementation of a new land and buildings tax due to come into force tomorrow to give local authorities and taxpayers more time to prepare. Bangkok Post House committee slashes 2020 budget by B16.2bn : […]
Read More →Wien’s Top 10 Surprises for 2020
Oh how I love these, granted 80% are US centric (which is a given) but it’s still good to see viewpoints. There’s another 5 in the link to Blackstone’s website. The economy disappoints the consensus forecast, but a recession is avoided. Federal Reserve Chair Powell lowers the Fed funds rate to 1%. Without a comprehensive […]
Read More →Stocks in the news (ap, bam, bem, gunkul, ihl, jkn, susco, spali, svoa, super, utp) 07.01.20
AP: K-ASSET raised holding by 0.1212% to 5.1039% of total o/s, SEC filing. Comment: I find it interesting that now the news is reporting what the institutions are doing, are we going to see a situation in Thailand similar to the US that institutions become major shareholders as family’s reduce their holdings. Plus these announcements […]
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