Due to my concerns over TRUE in the short term, I went for a full exit last week at 8.10 baht to preserve my profits. It didn't help too that I got out on the first run up and missed the larger second, but that is not an issue.
I have tidied up my Thai holdings and currently only hold Krung Thai Bank. The stock is down 5.94% today to 20.60 baht. I still have a significant margin of safety price-wise. The 2 trillion baht loan that the ruling party is seeking for funding transport infrastructure projects should come before the Senate this week, even as the opposition seeks to debate reducing the size of the loan.
The government borrows a lot from Krung Thai Bank, which ......
