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XGM

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  1. My questions were indeed very basic and yet you did your best to dodge them. Low valuation is advantageous when the inherent reasons leading to it change at some point during your investment horizon. If they don't, the valuation isn't "low", it's "justified", and from an investment perspective - useless. Justified by who's opinion? by the market's opinion, and that's all that matters. Now if you could demonstrate higher dividend yields for example, showing the valuations are indeed objectively low, then you might have a leg to stand on. No numbers were shown to support your claim. So, low valuations - not substantiated. Next. Then, instead of any supporting facts, we got a writeup showing an admiration to the US financial sector. Anyone with any idea at all about the nature of this business knows the function of most financial analysts isn't to discover any hidden value but to generate as much business as possible to whatever financial institution they're working in - namely - commissions and management fees of all stripes and colors. I hate it break it to you but the income of investment banks and most other financial institutions doesn't come from superior returns but from client fees, a decades long fact summarized by the famous question "where are the clients' yachts??" (google it). Indeed if you put your trust in Bank of America's or JPM's buy and sell recommendations you are better off buying the Nasdaq or whatever equally random action you wish to take. And if you are not aware mutual funds rarely ever beat the market after fees then I suggest you do go back and do some serious research. Now let's talk buy-side analysts, hedge funds, and others that are indeed in the business to find value. One could claim they are not active in the Thai market and leaves a lot on the table. Sounds nice, but as my first reply here showed you, in actual numbers, that foreign investors are a very significant part of the Thai market. And we are not talking Joe from Ohio or Jane from Mississippi. Those are foreign financial institutions, American, European, Asian and what not that move about 50% of the monthly market turnover. Yes, they are here. It may come a s surprise to you, but they are indeed very much aware the Thai market exist, and the point of looking for value in such emerging markets isn't lost on them. No, you are not the first to think of it, I am truly sorry to disappoint you. JPM, CS, UBS, and more have taken the pain to become actual registered members of SET due to their large activity, and many others are active without being members, using foreign and local staff to analyze local equities, with infrastructure and resources you do not posses. So, low competition - not substantiated. And even if you have a point here, you as a foreigner have an inherent disadvantage due to language barriers (the issue the OP seems to rightly struggles with) but more importantly since you'd be the last to know what goes on, after all the insiders have acted. With any apparent advantage due to lower competition you'd still need to fight a uphill battle with the disadvantages of a less transparent market that has poor coverage, almost of all of in Thai (if you still don't see how this is important, I suggest you go back to the beginning and read again). Bottom line - as I mentioned, we deal with facts and numbers here. Not fiction. You haven't shown any, and I doubt you can. I guess it's due to your limited time to engage ????
  2. Can you demonstrate how low valuations are advantages? if the valuations are low due to the factors you mentioned why would that change in the future? Buy low P/E, sell low P/E. However, if dividend yields end up being higher then you got a point here. Is this the case? Regarding analyst coverage, the more eyes there are on a company (not only eyes, but mouths demanding answers from management as well), the better the transparency is. How is poor analyst coverage a positive thing for anyone other than insiders? To clarify, I don't necessarily disagree with you but it's interesting to see how to substantiate that. I guess what you mean is that the higher centralization of market players results in more inefficiencies?
  3. I agree the market is interesting. Regarding no stock picking competition though, how do you determine that? From SET site it seems that about 50% of the activity this year came from foreign investors. https://www.set.or.th/en/market/statistics/investor-type
  4. I wonder what she'd say if you explained the original nationality was of course renounced "in line with the act"
  5. IB have recently added a "Transfer from Wise Balance" option to fund accounts (last option in the link below). https://www.interactivebrokers.com/en/support/fund-my-account.php
  6. If it feels offensive, I'd either present a very perplexed "I don't understand" face or continuously ask, in the utmost polite manner, different versions of "but why". Using a very calm, innocent and respectable manner disarms them. With 6 guys in, the last thing the driver wants to do is to waste time. There's a limit though to the amount of time I'm willing to engage in that though so if I'm in a hurry and another songteo showed up then the driver'd get his 10 baht and I'd be on my way.
  7. Yes, "wef" is how Thais would pronounce "wave". Thais don't switch "F"s to "P"s at the end of the word.
  8. I guess some do and others don't.
  9. Just use the word "wave" (short for microwave) as a verb. "Wave krup" or "Kho wave krup" (a bit more polite).
  10. In the past there was such a feature, very convenient when repeating recent transactions, either with the same amount or a different one. Sometimes it was available and at other times it wasn't (looked kind of random, I never managed to figure out in which cases). Recently, this feature is absent altogether. Anyone else has the same issue? solution?
  11. Kind of discouraging that a total of 3 years from application to completion is now considered amazingly fast...
  12. @Arkady @yankee99 Reading this, I wasn't sure if it's a joke or not (I now realize it was). BTW, didn't read it as a bribe, programs such as Elite Visa charge millions per piece for example, so who knows.
  13. I recall you mentioned somewhere that they expedite it for 500,000 baht. Was that a serious comment or a humorous one...?
  14. I believe acting as a director might also be deemed as work and require a WP, strictly speaking. As for only owning shares in a company, of course, no WP required.
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