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 [...]
SET likely to take more local focus
The Stock Exchange of Thailand (SET) has been cautious in adjusting its strategy to keep up with both the floods and the European debt crisis. Pakorn Peetathawatchai, chief marketing officer of the SET, said that even though the current euro-zone public debt crisis would have more impact on sentiment in the Thai market than the [...]
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 [...]
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 [...]
SET may reduce listing target
The Stock Exchange of Thailand may lower its target for new listings of companies that have Board of Investment (BoI) incentives this year after floods have hit industrial estates in the Central region. SET president Charamporn Jotikasthira said yesterday that the exchange might revise several of its targets this year after floods swamped many provinces. [...]
Stable baht to follow pause on policy rate
The baht is likely to move in a narrow range in response to market expectations that the Bank of Thailand’s Monetary Policy Committee (MPC) will hold the policy rate steady at its meeting today. “A [rate] pause appears to be the general consensus, and hence market reaction to it may be minimal,” Parson Singha, chief [...]
MINT ‘safe’ from floods
Niphit Ariyawong, adviser to the department, said everything would be done to protect the mint. He said the authority had erected a strong flood-prevention barrier more than a metre high around the Bt1-billion mint. “We’re confident of protecting the mint, and we can continue to supply coins to the economy,” he said. The Treasury Department [...]
SET expected to be more volatile this week
The Thai stock market looks cheaper as it begins to price in risk factors overseas. Financial risk in the European Union (EU) has apparently increased, even though the European Central Bank (ECB) is providing more liquidity and is intervening in the fixed-income market. It appears that several banks in the EU cannot easily access funding, [...]
Cut policy rate, aid disaster recovery: Kittiratt
Deputy Prime Minister Kittiratt Na-Ranong yesterday urged the Bank of Thailand to slash interest rates to help people and firms devastated by flooding to recover, as the government had inflation under control. “The central bank should consider reducing its policy rate at the upcoming meeting to help all industries and boost private sector growth,” he [...]
Featured Posts
Featured Posts on Thaivest Thai Stocks, Trade & Investment Research.
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Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
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Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
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Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
IVL supported by strong sales volumes
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Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in ... ∞
Saving remaining estates
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svend: I wonder why the Thai market doesn't follow the t...
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Manfred Miller: Same story, year after year, how about a proper ir...
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Stephen Gold: All this rise in gold prices seems to be fear driv...
