An important update on one of my long favorites. Despite some set backs along the way the near and medium term future remains for strong earnings growth this and into next year. Old out new in: soon the cloud will lift on the shareholder structure of WEH.
Salee Printing strikes me as a quality more conservative company whose sales should recover this year, along with an international exposure so to benefit from a weaker Baht I now expect. Below its IPO price of 2.16 just now, I like this new choice.
The Thai economy seems stuck for now in low gear, while lower global oil prices and a firmer US economy have not yet made their mark. The key now are Thailand's expected mega infrastructure spending plans next year.
I spend the last week of June in Bangkok which ended with a delightful and informative dinner with the 2 seniors of DEMCO. Here is my report for you and some updates in what appears to be a slightly overheated...
CRANE (4.58), pounding the table at the likely bottom. An upbeat update.for us. Their CFA is very good at knowing and applying currency hedges. The company does not see any Thai economic slowdown.
