Industry Update – Weekly
Market had continued to struggle to break above 1,200 last week but was kept afloat by massive bank results with KBANK posting +50% YoY and SCB +29% YoY improvement in earnings.
Read More →Category: ThaiCapitalist
ThaiCapitalist – general posts.
Management Trades – Weekly
Notable Transactions: Buys: BGH again, from my understanding after talking with various market participants, K. Prasert wants to accumulate shares to ensure that he can still maintain shareholder control over the future of BGH Sells: TUF – the Chairman decides to a substantial amount of shares in the market PPC – Quite odd for directors […]
Read More →Chase the trend!
Source: Dilbert
Read More →Quick Comment: RPC Plc
It’s been one hectic week with the holidays and updates to send out to clients, thus sorry for the slow updates here. Just wanted to make a quick comment on Rayong Purifier Plc which had shot up quite high intraday today on rumours: “As appeared in “Thun Hoon” newspaper on April 17, 2012 that “Petron […]
Read More →Management Trades – Weekly
Several notable transactions have happened in the past week: Buys: 2S – The CEO purchased a big lot during the week worth Bt 23 mn BGH – A director on the board somehow amassed nearly Bt 300 mn worth of shares Sells: Global – A director decided to unload Bt 23 mn worth of warrants […]
Read More →China’s hard landing in progress
Just in Bloomberg today, China’s economy is already in a so- called “hard landing,” according to Adrian Mowat, JPMorgan Chase & Co.’s chief Asian and emerging-market strategist. “If you look at the Chinese data, you should stop debating about a hard landing…China is in a hard landing. Car sales are down, cement production is down, steel production is […]
Read More →Industry Update – Weekly
The SET is up 13.6% for the year, same story as last week, purely liquidity liquidity and liquidity. It’ll be interesting to see how the market will perform in March/April when dividends are being paid out. Industrials are showing their first signs of profit-taking since their rebound from the flood crisis.
Read More →Sondhi off to jail
Serves you right, crook.. “Sondhi Limthongkul, a leader of the People’s Alliance for Democracy and founder of the Manager Media Group, was sentenced to 20 years in jail yesterday for falsifying loan documents and fraud. The Criminal Court found Mr Sondhi, 64, guilty on 17 counts of criminal and securities law violations for a total […]
Read More →Car Sales returning back to normal
Interesting data released by Toyota Thailand last week, car sales, excluding Honda, are now returning to pre-flood crisis levels. This just continues to show how resilient this country is despite the constant political interruptions.
Read More →Charts – Weekly – USD/THB, SET
Latest thoughts from our resident chartist Ploy. The US dollar index almost gave us a heart attack when it breached above the barrier at 79.54 last week. However, it couldn’t breach above another key barrier at 80.50: it turned around and head downward, with support at 78.50-78.30. If it falls below 78.30, it may head […]
Read More →