Commentary on special events in Thailand and the SET Index.
And it’s outttt, here’s my fav snippets and a link to the rest of the commentary We believe that the current business cycle has at least several more years left to run. The major signs that would herald the beginning of the next recession are not yet in place. Unemployment is low and likely to […]
Read More →Fun times at SCB First the media notes that “The report said the central bank played a role in recommending Mr Boontuck to sit on the board and probe the bank’s heavy lending to three companies: Sahaviriya Steel Industries Plc, Pace Development Corporation… “ Source: https://www.bangkokpost.com/business/news/1480809/boontuck-joins-scb-board SCB has retorted that “Recent media reports have suggested that […]
Read More →JFinCoin & JMART I wanted to give this a few weeks before writing about it to see if there would be anything positive. Unfortunately for them not, the ICO performed poorly and is down some -50% from its initial offering price. The perfect world scenario was that it would pop well on the first day […]
Read More →Potential Changes to the SET50 and SET100 These names have not been confirmed yet but brokers are expecting that these will be the changes. SET50 Expected Additions: BGRIM, DELTA, ESSO, KTC, RATCH Expected Deletions: BCP, KCE, PSH, TPIPP, WHA SET100 Expected Additions: BLA, ERW, MBK, PRM, PTL, RS, THANI, VGI Expected Deletions: ANAN, BA, BIG, […]
Read More →Oil Stocks: So we all know that oil pries have recovered in the past 2 years from a low of ~25 to ~70 today. But when we look at the European index for oil stocks versus just PTTEP we scratch our heads…how is is that PTTEP has outperformed? Bongkot/Erawan is just a replacement/continuation, oil pries […]
Read More →And he’s out with his May Commentary, several interesting points here, here’s a few snippets and a link to the rest of the paper. I remain of the view that 2018 will be a positive year for equities, primarily because of performance in the second half and driven by earnings growth. The tax cut should […]
Read More →CPF/CPALL Twice this past week, CPF let the market know that part of its exchangeable bonds issue in 2016 were exercised and converted into CPALL shares. Background: USD 300 mn exchange bonds issued in Sept 2016, bondholders can exchange 90,100 CPALL shares for every USD 200,000 of the bond principal (THB 77.34 per CPALL share […]
Read More →The research headlines about Thailand being the next Japan have been going around research desks for the past 6-12 months, you can read the content for some info but in the end the key takeaways that we’ve had regarding this similarity is that there are two sectors that should perform well, first being convenience stores […]
Read More →TET: Please explain the history of JKN. I begun from humble beginnings as the family business was initially home video rentals. When I returned to Thailand in late 1999, the first step begun with the BBC Documentary Walking with Dinosaurs when we contacted BBC directly and was able to be the sole distributor in Thailand. However […]
Read More →And so announced at mid day today was new guidance from KBANK for 2018 and lo and behold NII growth is expected to be negative for the year. Slap on so so loan growth, NPL’s still in the system, IFRS9, etc etc, not a pretty period for the banks Source: SET
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