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Oxx

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Posts posted by Oxx

  1. 1 hour ago, EricTh said:

    Can you recommend a good brokerage company that is linked to a good bank like Bangkok Bank, Krungsri or KrungThai?

    Why would you specifically want a broker linked to a bank? Had you considered that an independent broker might be more focussed upon its job?

     

    In any case, I can't because my two Thai brokerage accounts are not Thai bank related.  

  2. 15 minutes ago, Khabib said:

    You nave to trade "nvdr" shares, which are exactly the same as ordinary shares, receive dividends etc, but just no voting rights in company matters.

    I have no idea whether that's a Bualuang Securities-specific restriction, but generally, foreigners can trade the two classes of company shares (Thai- and Foreign-ownership) and also NVDRs (non-voting depository receipts).  (The Thai class does not allow dividends, the other two do.)

    • Thanks 1
  3. 11 hours ago, Justanotherone said:

    Farang is not allowed to buy stocks (asked several banks where I am client for YEARS)

    Of course foreigners are allowed to buy stocks.  You're just asking the wrong people.  Banks don't sell them, brokerages do.  You'd need to ask a brokerage to open an account, not a bank.

     

    (Most banks here have a brokerage arm.  However, it's a separate company, and you have to approach the brokerage directly.  You can't open a brokerage account at a bank branch.)

    • Like 2
  4. 2 hours ago, Badger18 said:

    wouldn't it be better just to learn the Thai keyboard layout?

    The problem with Thai is that there are so many potential ways to spell a single word, what with 8 ways to represent "th", four ways to write "s" &c..  Plus there are the complex tone rules, and not to ignore the fact that more than 30% of Thai words are spelled irregularly.  What (tonless) transcription schemes such as Google's offer is a way to bypass the ludicrous complexity and allow people to find the correct spelling without having to search through a dozen or more potential spellings, even if they know Thai script.

    The major problem with the Google system is that it's (AFAIK) completely undocumented and doesn't match any existing common transcription system.  But then, Google doesn't care about Thai.  Note the utterly pointless transliteration (not transcription) that it offers in Google Translate.

  5.  I'm perfectly aware that many pharmaceutical companies are making obscene profits on the back of this tragedy.

     

    It's expected that Pfizer, BioNTech and Moderna will, between themselves, make pre-tax profits of $34 billion this year*.


    Personally, I'd prefer that all pharmaceutical companies were taken into public ownership and operated on a non-profit basis.  However, of course, that's never going to happen.  The companies' claws are far too deep into the politicians' pockets.

     

    * Just to expand upon that:

     

    "Based on company financial statements, the Alliance estimates that Pfizer, BioNTech and Moderna will make pre-tax profits of $34 billion this year between them, which works out as over a thousand dollars a second, $65,000 a minute or $93.5 million a day. The monopolies these companies hold have produced five new billionaires during the pandemic, with a combined net wealth of $35.1 billion."

    https://reliefweb.int/report/world/pfizer-biontech-and-moderna-making-1000-profit-every-second-while-world-s-poorest

     

     

    • Like 1
  6. On 11/12/2021 at 10:57 AM, SymS said:

    I purchased stocks illegally!

    You have not purchased stocks illegally.  Foreigners are allowed to purchase Local (L) stocks.  However, if they do so, they are not entitled to dividends or have any voting rights.  It's stated quite clearly on the SET website:

     

    https://www.set.or.th/en/news/econ_mkt_dev/files/Foreigners_Participation.pdf

     

    In fact, foreign day traders frequently trade L stocks since they're typically not interested in dividends or voting rights.

     

    As others have said, best to stick with F stocks and NVDRs.

    • Like 1
  7. 6 hours ago, Sandro777 said:

    Hmm, something tells me that it's not my "fault" for living in a US state that doesn't provide a QR code, which is the vast majority of the US. It seems the "fault" lies with the Thai government that really didn't think it through that only a small portion of the world provides standardized QR codes with the vaccine record. 

    Perhaps not your personal fault, but definitely the fault of your US state.  Clearly it's important to be able to verify the authenticity of vaccine records, given that fake documents have been found from a number of countries.  The ones who "didn't think it through" are the countries and states that didn't consider the importance of the ability to verify authenticity to be essential, not the Thai government.

    • Confused 1
  8. Based upon a newspaper article today, the entire process is apparently automated, and approval is supposed to "immediate".  Any delays are the fault of the person applying if "uploaded vaccination documents [are] unintelligible, prompting Thai officials to resort to manual verification" and "the hotels that visitors had booked were not linked to hospitals that conduct RT-PCR tests".

    • Like 1
  9. 23 hours ago, ThaIrish Sean said:

    Traffic light was invented in the United Kingdom the first of which was outside the palace of Westminster.

    And it was gas powered (that's English gas, not American gas), and exploded, injuring a policeman, after less than a month.  Hardly something to brag about.

     

    An afterthought:  perhaps it was invented by Irish terrorists.

    • Haha 1
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