We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
http://www.google.co.uk/alerts just subscribe to the alert and you will get daily updates .... I use 'thailand' and I get everything in the news each day.
TOFT Bangkok Post is pretty good for info on the country: http://www.bangkokpost.com/ There is a business section on there but it is fairly brief. Also Reuters is good for news: http://uk.reuters.com/search?blob=thailand It seems like despite the political uncertainty today that stocks seem to be holding up, it would be nice to see the recent uplift continue, I only have a small holding but would like to trickle some more in over the coming weeks/months the same for AAS as well. GLA
A thank you to stuzeeuk for the recent posts. I invest in ANW but am unable to get hold of the quality of information you have been posting. So, thanks for your efforts.
Thailand has exported about 2.2 million tons of rice in January - March period of 2014, up about 43% from about 1.54 million tons exported during the same period in 2013, according to data from Thai Rice Exporters Association (TREA). Thailand has exported about 799,534 tons of rice in March, 2014, up about 13% from about 709,832 tons exported in February 2014, and up about 47% from about 531,803 tons exported in March 2013. Of the total March sales, white rice accounted for about 476,129 tons, Hom Mali rice accounted for about 120,012 tons, brokens accounted for 79,726 tons, glutinous variety accounted for 10,773 tons, parboiled rice accounted for about 101,538 tons and husked (brown) rice accounted for about 11,356 tons. In March 2014, exports earned about 13,002 billion baht, up about 6% from 12,234 billion baht in February 2014, and up about 16% from 11,246 billion baht in March 2013. In dollar terms, total exports in March earned around $396 million, up about 6% from $372 million in February 2014 and about 4% from about $378 million in March 2013. Average price of white rice declined to about $385.4 per ton, down about 5%, from about $405.23 per ton in February 2013. Average price of Hom Mali rice declined to about $1,032.4 per ton, down about 6%, from about $1,089.4 per ton in February 2013. Average price of brokens increased to about $391 per ton, up about 5%, from about $375.75 per ton in February 2013. Average price of glutinous rice increased to about $919.63 per ton, up about 5%, from about $878.68 per ton in February 2013. Average price of parboiled rice increased marginally to about $465.90 per ton from about $464.75 per ton in February 2013. Average price of husked (brown) rice increased to about $594.33 per ton, up about 4%, from about $570.66 per ton in February 2013. - See more at: http://oryza.com/news/rice-news/thailand-exports-22-million-tons-rice-january-march-2014-43-last-year#sthash.TMmHSKtS.dpuf
THAILAND’s prime minister was ordered by a court to step down today in a divisive ruling that handed a victory to anti-government protesters who have staged six months of street protests - but does little to resolve the country’s political crisis. The Constitutional Court found Prime Minister Yingluck Shinawatra guilty of abusing her power by transferring a senior civil servant in 2011 to another position. It ruled that the transfer was carried out to benefit her politically powerful family and, therefore, violated the constitution - an accusation she has denied. The ruling also forced out nine Cabinet members but left nearly two dozen other ministers in their posts, including Deputy Prime Minister Niwatthamrong Boonsongpaisan, who was quickly appointed the new acting leader. The judgment marks the latest dramatic twist in Thailand’s long-running political crisis. It was a victory for Yingluck’s opponents, mostly from the urban elite and those in the south, who have been engaged in vociferous and sometimes violent street protests demanding she step down to make way for an interim unelected leader. However, the ruling leaves the country in limbo and primed for more violence. It casts doubt on whether new elections planned for July will take place, which would anger Yingluck’s mostly rural supporters who have called for a major rally Saturday in Bangkok. Her ouster will doubtless swell those numbers, and some fear it could lead to more violence. Since November, more than 20 have been killed and hundreds injured in sporadic gun-battles, drive-by shootings and grenade attacks. It also remains far from clear whether her opponents will be able to achieve other key demands, including creating a reform council overseen by a leader of their choice that will carry out various steps to rid the country of corruption and what they claim is money politics, including alleged vote-buying. The campaign against Yingluck, 46, has been the latest chapter in Thailand’s political upheaval that began when her brother, Thaksin Shinawatra, a polarizing figure who was ousted by a 2006 military coup after protests accusing him of corruption, abuse of power and disrespect for constitutional monarch King Bhumibol Adulyadej. Since then, Thaksin’s supporters and opponents have engaged in a power struggle that has occasionally turned bloody.
Ten largest equity holdings % Siam Commercial Bank 6.2 PTT Exploration and Production 6.1 Bangkok Insurance 6.0 Kasikornbank 6.0 Siam Cement 5.4 BEC World 4.7 Tisco Financial 4.1 Hana Microelectronics 4.1 Big C Supercenter 3.9 AEON Thana Sinsap Thai 3.6
LONDON (Alliance News) - Aberdeen New Thai Investment Trust PLC Friday said that non-executive Director Clare Dobie bought 1,262 shares at a price of 393.0 pence per share on Thursday. Dobie only holds these shares in the company. Shares in the trust were trading 2.1% higher Friday afternoon, at 398.25 pence
LONDON (Alliance News) - Aberdeen New Thai Investment Trust PLC Friday said that non-executive Director Clare Dobie bought 1,262 shares at a price of 393.0 pence per share on Thursday. Dobie only holds these shares in the company. Shares in the trust were trading 2.1% higher Friday afternoon, at 398.25 pence
LONDON (Alliance News) - Aberdeen New Thai Investment Trust PLC Wednesday said its fortunes took a turn for the worse over the course of its most recently ended financial year, with net asset value per share declining by 25.6% on a total return basis amidst political upheaval in Thailand. In its report for the year ended February 28, the trust, managed by Aberdeen Asset Management Asia Ltd, said NAV per share on a total return basis fell to 418.64 pence, while its benchmark, the Stock Exchange of Thailand Index, adjusted for sterling, declined by 26.6%. The investment manager said the portfolio's marginal outperformance was driven by picking stocks that were "relatively resilient." The trust's objective is to provide shareholders with a high level of long-term, above average capital growth through investment in Thailand. The share price fell by 33.3% on a total return basis to 353.75 pence, reflecting a widening of the discount to the NAV including income per share to 15.5% from 5.6%. Chairman Nicholas Smith called the results "a dramatic reversal" from a year earlier, when its share price total return was 77.2% and its NAV per share total return was 59.6%. Nevertheless, the trust increased its dividend per share by 1.0 pence to 8.0 pence. Smith said the Thai stockmarket had been one of the best performers globally when "Fed stimulus led investors on a hunt for yield." "But the imminent end of easy money resulted in bouts of indiscriminate selling of emerging market assets, and Thailand was among the hardest hit. Compounding the decline was the Baht's fall of 20% against sterling over the year ended 28 February 2014, in tandem with many of its peers in the developing world," Smith said in a statement. Despite the tough year for Thailand, Smith said he remains "confident" of the country's prospects. Prime Minister Yingluck Shinawatra administration's attempt to push through an amnesty bill that could have paved the way for the return of deposed former premier Thaksin Shinawatra was met with mass protests. In February, Thailand's elections were annulled, but the country's Election Commission and the caretaker government Wednesday agreed to hold new elections on July 20 after several months of political turmoil and uncertainty. Election Commission Chairman Supachai Somcharoen announced the date after meeting with members of Yingluck Shinawatra's cabinet, local media reported. In his statement, written before news of the election date, Aberdeen New Thai's Smith said "matters will be resolved through national consensus." "Thailand should rebound and be stronger for it. Improving external conditions, namely a recovery in the US and Europe, could help buttress exports this year, partially mitigating the impact of the political unrest. In the longer term, the nation is poised to be a beneficiary of rising regional trade. Its strategic geographic
Thailand opposition urges delay to elections Thailand's opposition leader and former Prime Minister Abhisit Vejjajiva speaks during a news conference at a hotel in Bangkok, 3 May 2014 Abhisit Vejjajiva said the government should step down and be replaced with an interim cabinet The leader of Thailand's opposition has called for elections scheduled for July to be pushed back by up to six months. In a 10-point package of proposals, Abhisit Vejjajiva said the prime minister and her government should resign, allowing an interim cabinet to oversee a referendum on reforms. A government minister has rejected the proposals as unconstitutional. Thailand has been in political deadlock since anti-government protests began in Bangkok in November 2013. Ms Yingluck's government announced the 20 July polls after a previous snap election in February was declared unconstitutional. The ruling Pheu Thai party had been expected to win the February vote. However, the opposition boycotted the polls and protesters disrupted voting. At the height of the anti-government demonstrations, protesters shut down key road junctions and blockaded government ministries. Their number has since declined. 'Breathing space' Ms Yingluck's supporters have held rallies showing their support for the government On Saturday, Mr Abhisit said his opposition Democrat party would not contest July's polls. Abhisit Vejjajiva says he wants to help Thailand avoid a slide into violence with his 10-point plan. But there will be strong objections. First he is offering this as an all-or-nothing package. No discussion. If the government does not like it, he will abandon it. Second he wants the prime minister and her cabinet to resign immediately, before next week's expected verdict by the Constitutional Court on one of the cases against her. It is very unlikely her side would take such a step so quickly, if at all. Third, there will be legal objections to Ms Yingluck's replacement by an appointed prime minister, even for just a few months, as unconstitutional and undemocratic. Mr Abhisit also wants his proposed reform council to include the hard-line People's Democratic Reform Committee anti-government movement, but not the government's own supporters. "We need breathing space, we need a cooling down period before we go to elections, given the kind of violence that is happening around the country," he told the BBC. "In my discussions with the Election Commission, with other political parties, none of them seriously believe
I will be happy to see this settling over 400p again soon. It is indeed a long termer, no doubt. JP
Need to get tourism numbers back on track especially prior to the lucrative Christmas period. JP
BANGKOK, April 28 (Bernama) -- Thailand's Commerce Ministry projects the country's exports to rebound in the second half with a growth of 7-9 per cent following recovery of the global economy. In the first quarter, export figures were not good, with exports in March dropping 3.12 per cent year-on-year to US$19.94 billion and overall shipments in the first quarter contracting one per cent to US$56.21 billion. Meanwhile, Thailand's imports in March dropped 14.19 per cent to US$18.48 billion with imports in the first quarter of the year shrinking 15.41 per cent to US$55.5 billion. As a result, Thailand posted a trade surplus of US$1.45 billion in March and US$706 million in the first quarter of the year. The kingdom's shipments should show stronger signs of recovery in the second quarter and second half of the year with the global economic recovery and weakening of the baht being major positive factors to promote trade growth, said Srirat Rastapana, the ministry's permanent secretary. The International Monetary Fund (IMF) has adjusted its forecast for this year's global economic growth to 3.6 per cent from 3.0 per cent last year. The positives will offset some concerns over political uncertainty, Srirat said. The export recovery is expected to start in the second quarter with the ministry projecting exports in the quarter to expand about 4-4.5 per cent year-on-year to between US$58.6 billion to US$58.9 billion. Exports in the second half will increase by 7-9 per cent to between US$123.5 billion to US$125.8 billion. With the positive outlook going forward, the ministry is confident that annualised exports this year will grow by 5 per cent as targeted. Had there been no political turbulence, export shipments should have expanded by 10 per cent this year. Srirat said to promote more economic growth for the kingdom, the ministry will soon draw a strategic plan to promote both exports and domestic spending. The Thai baht depreciated 6.8 per cent in the first quarter and has been weakening compared with most Asian currencies except the Indonesia rupiah, which weakened by 13.51 per cent for the period, he said. The baht averaged at Bt32.66 against the greenback during January to March this year. However, apart from domestic politics, Thailand has experienced other challenges -- a drought affecting farm output, the conflict between Russia and Ukraine, the plan by the US to cut the Generalised System of Preferences on Thai products as well as rising competitiveness in world markets. -- BERNAMA
Will be few months before this goes anywhere with any speed. Looks like elections are looming and court cases for YIngluck. But the pretestors are off the streets for the moment, and hopfully the economy will make progress.
I dipped my toe back in the warm waters here on Friday to see how it progresses.
I just bought in recently, as I seen it as a buying opportunity. I decided if the protestors clear the main city intersections I would buy. I work in a not unrelated overseas focussed sector. I am headed out to Bangkok for work in November so I will have another look around then. I think we have hit rock bottom. The only way is up. If we can set an election date and get the parties to contest it. I think we will head North.
The Mining Opportunities Fund is very small, and apparently unprofitable. Yesterday I posted an article I found on the BRWM bb saying the same. Phew! Thailand - not a great situation. BTW I get my Thai news from the Bangkok Post on- line, it's quite good too. The SET has progressed nicely over the last 2 months despite news and opinions such as the one you posted (thanks for posting). I think the Russian crises isn't helping either - a big chunk of the tourists come from Russia and the CIS, especially on the Eastern Seaboard. When I stay in Jomtien, where I have a house, it's like little Moscow or little Tashkent. They are very well behaved though.
This article isn't very positive. I hope its already in the pice Thailand's central bank held interest rates steady despite a fast decelerating economy caused by ongoing political tensions. The Bank of Thailand kept its key rates at 2%, in line with economists' expectations. Bank officials also said Wednesday they now expect growth this year to come in below 2.7%, already much lower than a forecast of 4.8% before Thailand's opposition launched a series of political protests in the fall. The bank expects an economic contraction in the first three months of 2014 versus the last quarter of 2013. The central bank already has cut rates twice since antigovernment protesters, led by former opposition lawmaker Suthep Thaugsuban, began street rallies to oust Prime Minister Yingluck Shinawatra. The turmoil remains far from resolved after Thailand's Constitutional Court nullified in March the inconclusive Feb. 2 general election--a move that further delayed the formation of a new government. New polls are unlikely to take place before July. The situation has slowed government expenditure and damped domestic spending and investment. Tourist arrival numbers have plummeted. Exports have picked up recently but not by enough to counterbalance the fall in domestic demand which accounts for 80% of economic activity. The central bank likely has decided rate cuts are a "blunt tool" that won't help boost growth while the political fighting continues, ANZ Bank said in a note to clients. Household debt also remains high, which makes it difficult for the bank to ease monetary policy too much, ANZ said. Capital Economics is betting rates will remain on hold for the rest of 2014. The central bank will want to keep rates high enough to ensure foreign capital doesn't flow out of the country, the London-based research firm said. Some analysts say the deteriorating situation could force more easing. Su Sian Lim, an economist at HSBC, said the bank could possibly cut rates by 0.25 percentage point at its June meeting. But Paiboon Kittisrikangwan, an assistant governor at the bank, said Wednesday that rate cuts won't help Thailand's economy. "It should be noted that the restriction to the local economic recovery, at present, barely has much to do with the issues of liquidity and financial costs," he said. "Our survey has found that the number one issue among entrepreneurs is political uncertainties in the country." Thailand's deputy prime minister, Niwattumrong Boonsongpaisan, said Monday the government predicts growth of between 1% and 3% in 2014. "If the political unrest drags on until the end of the year, Thailand's GDP may contract or register no growth," he added. The country will announce first-quarter GDP on May 19. The bank's next monetary policy meeting is in mid-June. "The political situation does not appear to be improving, and we expect this will take a significant chunk out of first quarter GDP g
now im loking at the article I might have got that wrong: see the article below http://www.international-adviser.com/news/products/blackrock-closes-mining-opportunites-fund
No problem, I wasn't referring to you when I said newbie. On BRWM you said the fund is winding up. Where did you get that info from? That has me worried. Cheers.
Sorry I runner, I seriously got my numbers mixed up.... I'm not a newbie ! :-) just got my numbers upside down and back to front .... :-)
Daily Data At close 22-Apr-2014 Ord Price 383.50p NAV† 445.63p Prem/-Disc -13.94% Net Dividend Yield 1.83%
Great. I have quite a lot in ANW, about 35K stg, so this is all good news. My average about 400p over the last 2 years bought in 4 chunks.
Price up and news of a nice dividend payout 5% ..... happy days :-)