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Thailand Weekly Stock Report

Shayne Heffernan
SET index closed at 820.60, up 3.03 or 0.37% in trade worth 24.97 billion baht on Friday.

Stocks with most active value were as follows:

TMB increased to 1.70 baht, up 0.06 baht.

BTS was unchanged at 0.92 baht.

SSI increased to 1.63 baht, up 0.11 baht.

TPIPL increased to 12.80 baht, up 0.40 baht.

SCB decreased to 83.25 baht, down 0.25 baht.

Clearly local demand is the driving force behind the SET move to 820, however as the table depicts foreign buyers maybe moving back in to the exchange giving lots of upside from the 820 level. The International Monetary Fund revised its economic growth projection for Thailand, increasing it to 7 per cent which should attract some attention from international funds.

The Tourism Authority of Thailand (TAT) projects a tourism recovery in 2011 with foreign arrivals of 15.5 million and revenues of 600 billion baht, up from 14.5 million visitors and 500 billion baht forecast this year.”Next year, we will build on our many strengths as a preferred tourist destination by branching out into new marketing segments such as green and sustainable tourism,” TAT governor Suraphon Svetasreni said yesterday. Transaction by Investor Group in The Stock Exchange of Thailand (SET)

Daily as of 9 Jul 2010

Unit: M.Baht

Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 2,313.42 9.26 2,156.94 8.64 156.47 -
Proprietary Trading 2,021.73 8.10 2,087.04 8.36 -65.31 -
Foreign Investors 4,458.45 17.85 4,210.45 16.86 248.00 -
Local Individuals 16,179.46 64.79 16,518.62 66.15 -339.16 -

Yearly Cumulative since 1 Jan 2010 – 9 Jul 2010

Unit: M.Baht

Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 202,127.72 7.62 201,214.62 7.59 913.10 -
Proprietary Trading 360,589.10 13.60 360,223.42 13.58 365.67 -
Foreign Investors 569,190.16 21.46 587,174.42 22.14 -17,984.27 -
Local Individuals 1,520,251.16 57.32 1,503,545.67 56.69 16,705.49 -

In company news:

Carlyle Group said it has agreed to buy an 11.3% stake in animal-feed maker C.P. Pokphand Co. from one of Thailand’s biggest agricultural companies for $175 million, a bet by the U.S. investment firm on China’s growing appetite for meat.

C.P. Pokphand is China’s second-largest supplier of animal-feed products by sales and has benefited in recent years from rising household income in the country, allowing people to afford a greater variety of food.

At the same time that demand for meat is rising, there is a drain of farm laborers into cities as China rapidly urbanizes. This has pushed farmers to boost productivity, in part by using commercial feed.

Food scares have prompted the Chinese government to support larger-scale farming and the use of commercial animal feed.

“China should follow the global pattern where farmers move from small- to large-scale farming and use more commercial feed,” said Patrick Siewert, a senior director at Carlyle.

The Chia Tai Group, the Chinese unit of the Thai agribusiness giant Charoen Pokphand, will increase its investment in China of more than US$1 billion (32.4 billion baht) over the next six years.

New projects will consist mainly of shopping complexes, hotels, condominiums and office buildings.

“CP’s investment in China will be relatively higher than in Thailand, given the country’s massive population and newfound affluence,” said Soopakij Chearavanont, co-chairman of Super Brand Mall in China.

“Funding will stem mainly from the group’s Chinese revenue, joint-venture partners and bank loans.”

CP was the first foreign investor in China. Over nearly four decades it has poured billions of dollars into such ventures as shopping malls, the poultry industry, animal feed and motorcycle plants.


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