Justanotherone Posted October 18, 2021 Share Posted October 18, 2021 cannot get good interest, without being married, wife died cannot buy stock, without being married, wife died 1 Link to comment Share on other sites More sharing options...
CharlieH Posted October 18, 2021 Share Posted October 18, 2021 MOVED to Banking ! Link to comment Share on other sites More sharing options...
tomazbodner Posted October 18, 2021 Share Posted October 18, 2021 Hmm... Get another wife? 1 1 1 Link to comment Share on other sites More sharing options...
norbra Posted October 18, 2021 Share Posted October 18, 2021 (edited) I have account for 10 years now. I never married Edited October 18, 2021 by norbra Typo 2 Link to comment Share on other sites More sharing options...
Etaoin Shrdlu Posted October 18, 2021 Share Posted October 18, 2021 This approach isn't unique to Kasikorn Bank. Many non-US mutual funds will not allow sales to US citizens or green card holders because that can trigger US reporting requirements even though the mutual fund has no other connection to the US. It looks like Kasikorn wishes to at least screen applicants manually to eliminate this potential issue. 2 Link to comment Share on other sites More sharing options...
userabcd Posted October 18, 2021 Share Posted October 18, 2021 Have a similar message on Bangkok Bank and Krungsri banking apps. Have to go into the bank. Link to comment Share on other sites More sharing options...
Popular Post JustAnotherHun Posted October 18, 2021 Popular Post Share Posted October 18, 2021 1 hour ago, tomazbodner said: Hmm... Get another wife? That might be more expensive than the loss of minimla interest rates. 1 1 6 Link to comment Share on other sites More sharing options...
Popular Post SCOTT FITZGERSLD Posted October 18, 2021 Popular Post Share Posted October 18, 2021 i am sure you can buy a stock of this bank, or many other thai companies, with an international broker like IB or via a bank in hong kong. so why won't you move your money to hong kong, buy your thai shares there for much cheaper commision, enjoy much better customer service, and let the thai bank dry with it's stupidity. acctually,a much better idea will be to buy other stocks because thai banks are going bankrupt. 1 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post ClaytonSeymour Posted October 18, 2021 Popular Post Share Posted October 18, 2021 (edited) 1 hour ago, userabcd said: Have a similar message on Bangkok Bank and Krungsri banking apps. Have to go into the bank. Yes, if you’re a foreigner they need to see you in the flesh. If you already have an account with them it’s fairly easy to do in branch - usual mountain of paperwork of course. Just had a quick look & Kasikorn bank can be bought on DEGIRO (Frankfurt dual listing) & Interactive Brokers (ADR US Pink Sheets). Edited October 18, 2021 by ClaytonSeymour 3 Link to comment Share on other sites More sharing options...
Nyonya Posted October 18, 2021 Share Posted October 18, 2021 Farang can't buy stocks. 2 Link to comment Share on other sites More sharing options...
Popular Post ClaytonSeymour Posted October 18, 2021 Popular Post Share Posted October 18, 2021 31 minutes ago, Nyonya said: Farang can't buy stocks. Wrong. 5 1 Link to comment Share on other sites More sharing options...
ChrisP24 Posted October 18, 2021 Share Posted October 18, 2021 Justanotherone, are you a U.S. citizen, or do you have access to a U.S. brokerage account? I looked at Kasikorn and SCB recently as I think that the larger Thai banks are undervalued. Kasikorn Bank actually trades OTC in the U.S. as an American Depository Receipt (ADR) under the symbol KCPCY. One KCPCY ADR share = 4 Thai shares, so the ADR price hovers right at four times the price at which KBANK is trading, after converting baht to dollars. SCB also trades in the U.S. as an ADR under the symbol SMUUY. Not sure what the ADR-to-Thai share ratio is. 1 1 Link to comment Share on other sites More sharing options...
Time Traveller Posted October 19, 2021 Share Posted October 19, 2021 16 hours ago, SCOTT FITZGERSLD said: i am sure you can buy a stock of this bank, or many other thai companies, with an international broker like IB or via a bank in hong kong. so why won't you move your money to hong kong, buy your thai shares there for much cheaper commision, enjoy much better customer service, and let the thai bank dry with it's stupidity. acctually,a much better idea will be to buy other stocks because thai banks are going bankrupt. What complete <deleted>. There is no way in the world a foreign broker commissions to buy or sell thai stocks would be less than a thai broker because the only way for the foreign brokers to execute thai stock trades is through a thai broker. And no, Thai banks are not going bankrupt. Not a single thai bank has gone bankrupt over the last 20 years, whilst in that same time thousands of European and US banks have 11 hours ago, ChrisP24 said: Justanotherone, are you a U.S. citizen, or do you have access to a U.S. brokerage account? I looked at Kasikorn and SCB recently as I think that the larger Thai banks are undervalued. Kasikorn Bank actually trades OTC in the U.S. as an American Depository Receipt (ADR) under the symbol KCPCY. One KCPCY ADR share = 4 Thai shares, so the ADR price hovers right at four times the price at which KBANK is trading, after converting baht to dollars. SCB also trades in the U.S. as an ADR under the symbol SMUUY. Not sure what the ADR-to-Thai share ratio is. That's bad advice too. The US listed ADRs have very little liquidity, and virtually no tax advantages to owning Thai shares directly. If you are based in Thailand, tax resident, then owning shares directly thru a thai stockbroker is the way to do it. Note: Banks don't sell shares. And no shares are not the same thing as funds 2 Link to comment Share on other sites More sharing options...
johnarth Posted October 19, 2021 Share Posted October 19, 2021 yer I been watching kas shares for a few months they were going down and down and the last couple of weeks they have shot up kas is also affiliated with one of the big four Chinese banks well thanks for the info on the brokers I had no idea on that Link to comment Share on other sites More sharing options...
khunPer Posted October 19, 2021 Share Posted October 19, 2021 You need a trading account and to buy stocks with NVDR-option when being a foreigner, which should be possible for a large bank like Kasikorn. If NVDR-option is not available, you need to buy with the code plus "-F", they are separated priced and traded. Link to comment Share on other sites More sharing options...
wombat Posted October 19, 2021 Share Posted October 19, 2021 are they worth buying? Link to comment Share on other sites More sharing options...
ChrisP24 Posted October 19, 2021 Share Posted October 19, 2021 11 hours ago, Time Traveller said: That's bad advice too. The US listed ADRs have very little liquidity, and virtually no tax advantages to owning Thai shares directly. If you are based in Thailand, tax resident, then owning shares directly thru a thai stockbroker is the way to do it. Note: Banks don't sell shares. And no shares are not the same thing as funds OP wanted to buy Kasikorn Bank shares and that is one way to do it. The ADRs do of course have a much lower trading volume, but as I post this early in the afternoon on a trading day, Kasikorn's ADR bid/ask spread is $16.75/$17.10 vs. 140.00/140.50 baht for the Thai shares (while Thai market is closed). ADR shares trade every market day, with an average daily volume of over 20k shares. So yes, it's not an entirely efficient way to buy, but it is a way, and might make sense for OP depending on OP's circumstance. Personally I would rather have my investments held in a brokerage account in my home country. And as for taxes, if OP is a U.S. citizen then his dividends and eventual capital gains are going to be taxed in the U.S. no matter which share he buys (and he will get a foreign tax credit for anything withheld/paid to Thailand on either share). But individual situations differ and I agree that this would not be the best way for someone in your situation. Link to comment Share on other sites More sharing options...
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