Commentary on special events in Thailand and the SET Index.
CPALL Share price has been weak, they’re part of the CP Funding vehicle to buy Tesco, but a share buy back is underway tomorrow. More interesting is the trend on twitter over the past month that the younger generation wants to avoid going to 7-11’s on Wednesday’s. I finally found an English article for this, https://prachatai.com/english/node/8399, […]
Read More →FY19 figures were due as of end of Feb, and yes, this may not be the most important post at the moment, however one should still keep things in perspective. Table 1: Sectors financial performance Comments: SET profits were -7% for 2019, +37% in 4Q19. 13/27 (48%) sectors had a positive growth in 2019, 15/27 […]
Read More →BBL shareholders approve the acquisition of PT Bank Permata TBK It’s going ahead – Shareholders have approved approved its plan to acquire all the shares in PT Bank Permata Tbk (BNLI). The deal is now expected to close in 2020 after BBL completes the transaction with Standard Chartered and PT Astra to acquire their combined 89.12% […]
Read More →Weren’t you reading this on your Sunday? Here’s the link: https://berkshirehathaway.com/letters/2019ltr.pdf Go go go!
Read More →AOT: AOT released their latest flight/passenger figures last week, and things look awful with passengers -28% for the first week of Feb, expect for this rate of change to increase for the rest of the month. The first step they’ve done to counter the drop is to reduce the landing fee and now there’s news […]
Read More →So the news is out. Let’s just go straight to the hotel stocks. Thoughts: This too shall pass. It’ll probably end up being another good trade/buying opportunity. Difference is that the base of tourism numbers is higher compared to 2015 If the epidemic worsens…losing money on a hotel stock will be the last of your […]
Read More →So The BOT has relaxed its rules on the property sector for the Loan to Value (LTV). Now the details are as follows: Effective date 20th Jan 2020 First home/contract units < THB 10 mn – 100% + 10% of top-up loans Second home/contract – 10% (previously 20%) downpayment for those that have a first […]
Read More →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 →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 →So the government has come out with the another round of property stimulus measures, and here are the details: On October 22nd, 2019, the Cabinet approved a temporary reduction in transfer fee from 2% to 0.01% and mortgage registration fee from 1% to 0.01% to those home buyers of up to Bt3m/unit. It will last […]
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