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Archive | Finance & Banking

Easy money bull runs to end soon according to ASCO

Liquidity-driven stock market rallies are coming to an end following the tapering of rapid fire money printing at most major central banks, warns the Association of Securities Companies. “We’ve been in the quantitative easing [QE] era since 2008 with money flooding stock markets across the globe, but the magnitude of cash pumping is gradually being […]

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IAA to educate about unpopular Thai stocks

IAA to cover unpopular stocks Investment Analysts Association (IAA) has asked stock regulators to earmark some budget to the association to conduct analysis reports on all the stocks in the Thai market, its chairman says. There are 659 listed companies, of which 522 are traded on the Stock Exchange of Thailand (SET) and 137 on […]

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French reinsurer CCR not accepting more Thai business

CCR Group, a leading French reinsurer, has circulated a letter informing its partners in New Zealand, Australia and Thailand to stop writing business with the company in order to ensure its long-term profitability for the benefit of shareholders. The letter, sent on Monday by the head office in Paris, said the group had conducted a […]

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Listed firms’ profits increase only 2.4%

Listed companies reported total net profits for the first nine months of 2011 of 511.9 billion baht, an increase of 2.4% from 500 billion in the same period last year, according to Tientip Subhanij, director of the SET’s Capital Market Research Institute. Sales revenue in the period rose 30% year-on-year to 6 trillion baht for […]

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EU crisis leaves SET adrift

Chaiyaporn Nompitakcharoen Head of tactical research Bualuang Securities The SET Index dropped 0.97 per cent to close at 964.04 points after a week in which the market’s movements caused headaches for analysts. It seems that the market continues to react to surprises from Europe, which cause equities to wander aimlessly. A solution to the debt […]

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SET still safe, but 30 firms to suffer 50% revenue cut

They constitute 1 per cent of the Stock Exchange of Thailand’s market capitalisation. SET president Charamporn Jotikasthira said yesterday that these companies had suffered severely from the floods and all had halted production. The exact loss figures are not known yet and will be assessed by the Thai Listed Companies Association. As a part of […]

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