AEC: name change to Beyond Securities Pcl, ticker change to BYD, warrant (AEC-W6) ticker change to BYD-W6 effective Monday. Comment: This firm has been on the market for sale for a year. BLA expects to report solid 2Q from higher premium on health insurance sales via bancassurance, investment gains & lower provision yoy, Tabloid. GPSC […]
Read More →Notable Transactions Buy(s) THB 267 mn AEC – The group is up for sale. SPALI – The co is gaining market share, family members buying it up KBANK – Doesn’t quite matter. It’s a director buying some shares. I wouldn’t be surprised to see banks higher in 6 months. Sell(s) THB 156 mn RS – […]
Read More →Asia Cab in JV with 4 partners, including EA and SCG chemical, to develop 1st Thai EV cab prototype, while EA said its EV plant in on track to COD in 2-3 months. Comment: EA are going to be the GULF of this industry. You’ve been witnessing the growth of crony capitalism in Thailand over […]
Read More →A wonderful article over at Forbes that highlights the CEO’s of MNCs viewpoints on ASEAN, here’s the introductory paragraph and the link to the rest of the article In early 2015, I interviewed eight C-level executives at leading foreign multinationals as part of a KPMG sponsored report exploring the outlook for multinationals (MNCs) in ASEAN. What did […]
Read More →A great little op-ed by Mark Mobius on ASEAN and the AEC Impact on the region, see below for the whole article. The role of Asian markets in the global economy has grown significantly in recent years, and we expect this trend to continue in the future. Many of these countries have also made fundamental […]
Read More →AEC AEC targets 2015 market share of 4% from 2014’s 2% aided by customer base expansion. It is confident 2015 performance will show a net profit despite the loss in 1Q15 as the capital market recovered. It has seven investment banking deals that will raise revenue. (Thun Hoon, 28/05/15) Comment: It is a tough environment […]
Read More →Notable Transactions Note: All transactions highlighted are above THB 20 mn in value Buy(s) THB 2.2 bn MC – Basically a swap of shareholding between husband and wife CGD – They have the news of their massive property projects going ahead, plus a potential REIT in the future. PICNI – CP Group buying into Picni? […]
Read More →AEC Purchase of AAMC Asset Management approved — AEC says the shareholders approved the purchase of AAMC Asset Management Co., Ltd. It will take 90% for Bt28.12mn. The purchase is being made to expand the variety of the business it is engaged in and create growth opportunities. (Naew Na, 23/06/14) Comment: The regulatory environment in […]
Read More →I’ve had the pleasure of listening to Kishore Mahbubani speak live a few months ago and just came across this article stating his viewpoints on ASEAN. As a region it is doing tremendously well despite all the issues that plague developing countries, and in my mind as an investment destination is a no-brainer. See below for […]
Read More →If you live in this region it should be of no surprise, ASEAN has already gone through its debt crisis back in ’97-’98 hence the lower debt-to-gdp ratios versus Japan, Europe and the US. The fund flow into the region and certain sectors (hospitals, telecoms and commerce specifically) has been unexpectedly strong and doesn’t look […]
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