Commentary on special events in Thailand and the SET Index.
Right of first refusal, or as I like to call it, freebie shares. Is this the beginning of a new trend where companies are going to be spinning off subsidiary/associate co’s and offering shares of the new IPO to existing shareholders of the existing listed co? The first one we saw post-lockdown was BWG (Better […]
Read More →Hot off the presses yesterday. FTSE Global Index: Semi-Annual Review effective after the close of September 18. Large Cap Add: CRC, BGRIM, BBL (NVDR) Del: TOP Mid Cap Add: TOP, CBG Del: BGRIM Small Cap Add: MEGA, IMPACT, JMT Del: CBG Micro Cap Add: SGP, BAFS, SPF, S, PRIME, SABINA, SINGER, LST, TWPC, UAC, MAJOR, […]
Read More →This is a compilation of random thoughts I wrote down over the past 1-2 months…pardon the poor writing and excuse the discombobulated thinking. “The mere idea that a planning authority could ever possess the information necessary to run the economy is a somewhat comic fiction. What prices ought to be can never be determined […]
Read More →These will be implemented at the end of June. See the link below for the all changes in domestic indices. SET50 reshuffle for 2H20. Adds: BPP and TTW Dels: BANPU and DELTA. SET100 reshuffle for 2H20. Adds: AAV, ACE, DOHOME, RBF, SIRI, TVO, WHAUP Dels: BGC, DELTA, MBK, PSL, STPI, THAI, THG. Source: SET
Read More →Effective at the close of Fri (Jun 19). FTSE SET Large Cap index: +CRC & DIF FTSE SET Mid Cap index: +ACE, BAM, IMPACT, LH, MINT, TQM
Read More →So a quick summary: SET profit was -53% YoY, -42% QoQ This was effectively driven by resources (specifically the energy sector) Agro & food was the only industry to grow YoY and QoQ Agri business, electronics, Packaging, Paper & machinery, personal products were the sectors that grew YoY and QoQ. 90/733 companies (SET & MAI) […]
Read More →For Thailand here are the key changes: MSCI THAILAND INDEX Additions ASSET WORLD CORP (AWC) BANGKOK COMM ASSET MGT (BAM) KRUNGTHAI CARD (KTC) Deletions BANPU MSCI Small Cap Additions: BANPU Deletions: ANAN, BEAUTY, BEC, ERW, GGC, ITD, LPN, PLAT, PSL, GLOBAL, SVI, TTA, U, UNIQ, UV, WORK Sources: https://app2.msci.com/eqb/gimi/stdindex/MSCI_May20_STPublicList.pdf https://app2.msci.com/eqb/gimi/smallcap/MSCI_May20_SCPublicList.pdf
Read More →Note: 2 weeks worth of rambling here Models There’s been a lot of chatter online, especially in the US and Europe regarding the forecasting of the wuhan-virus and the changes in forecasts on infections/deaths. Having built more than enough financial models in my career attempting to forecast the potential revenues/cashflows/profits etc of a company/industry my […]
Read More →Managing Director, Mr. Witoon Suewatanakul discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: Please explain GGC’s business model. GGC’s aspiration is to become a leading Green Chemical Company. Being a listed company on the Stock Exchange of Thailand since 2017, GGC has embarked on investing in our products and […]
Read More →Howard Marks – Which way now? https://www.oaktreecapital.com/docs/default-source/memos/which-way-now.pdf Go read it, pure common sense, will he be this generations investment god replacing buffet? If so does that lead to a generation of worriers vs dreamers? What should I do? That’s a question I’ve asked myself and been asked several times over the past 4 weeks. Investment […]
Read More →