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Any recommendations on Thai REIT funds?

david_je
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Longwood50 Gold Member

Longwood50

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5 minutes ago, david_je said:

s this a good time to buy? Do you have recommendations for specific funds? Where would I find expert opinions of good buys?

Thanks.

I am a former financial consultant with both Merrill Lynch and UBS.  Plus a former head of trust division for a major U.S. bank. 

There is zero chance I would ever invest in any fund here in Thailand.  I don't even keep much in the local Thai banks transferring only my social security each month. 

You have the country run by a group after a coup and there is next to zero in terms of accountability in the way of financial oversight.  Look at the USA where you have accounting standards, the Securities & Exchange commission, the office of the Comptroller of the Currency, the Financial Services Regulatory Authority, The Securities Investor Protection Corporation all monitoring and regulating the securities sold in the USA. 

Despite that, you still end up with the Bernie Madoff Ponzi scheme, Enron, and most recently Theranos.  And you really believe that somehow that investors in Thailand do not risk a huge chance of being fleeced.   

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Don Chance Gold Member

Don Chance

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1FinickyOne Ruby Member

1FinickyOne

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9 minutes ago, Longwood50 said:

Despite that, you still end up with the Bernie Madoff Ponzi scheme, Enron, and most recently Theranos. 

Do you see any risks of anarchy upending the system in USA? I have been bringing more cash over here gradually and keeping it in baht... though that is maybe only 10% of my holdings... 

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david_je Silver Member

david_je

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1 hour ago, Don Chance said:

 

 

What do you base these choices on? Thanks.

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Longwood50 Gold Member

Longwood50

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1 hour ago, 1FinickyOne said:

Do you see any risks of anarchy upending the system in USA

No matter where you "invest" money there is risk.  However as in investor you should try to minimize risk, and maximize returns. 

Is it possible that there would be some anarchy in the USA that would impact investors.  No I don't think so.  I believe a bigger threat to the USA investor is the huge debt that the USA keeps piling on.  There has never been a country or person that can spend their way to prosperity. 

Again, as for Thailand I would think it is far more possible that the government would nationalize the banks than the US system fail because of anarchy.  I also think the health of the banking system here is suspect.  You have banks which have loan billions to businesses, and individuals.  With the impact of covid on those businesses and individuals I question their ability to repay that money.  The banks would then have to repossess whatever property was collateral for the loans and that would further crater rents, used car values, condo prices, and home values.  Not any different than what happened in the USA  when houses which at one time were selling for $1 million USD when up for resale and brought only $100,000 at auction. 

That is why I am virtually 100% invested in common stock.  I would rather own Amazon, Toyota, Exxon, Coca Cola, etc than depend on the solvency of the Thai banks.  Even if the value of the USD or Thai Baht is impacted the value of those companies will rise correspondingly to any depreciation in the value of the currency.  Owning many companies or different funds is the best way to get good returns and minimize the risk from political happenings in any country. 

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Oxx Gold Member

Oxx

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If looking to draw up a shortlist, I'd suggest start looking at the holdings of funds here such as K-PROPI, TMBPIPF, SCBPINA.  One would like to think that the fund managers have chosen sensibly.  (Note that the holdings for these are not all in Thailand.)

 

https://www.morningstarthailand.com/th/screener/fund.aspx#?filtersSelectedValue={"categoryId":{"id":"THCA000046"}}&page=1&sortField=starRatingM255&sortOrder=desc

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david_je Silver Member

david_je

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1 hour ago, Oxx said:

If looking to draw up a shortlist, I'd suggest start looking at the holdings of funds here such as K-PROPI, TMBPIPF, SCBPINA.  One would like to think that the fund managers have chosen sensibly.  (Note that the holdings for these are not all in Thailand.)

 

https://www.morningstarthailand.com/th/screener/fund.aspx#?filtersSelectedValue={"categoryId":{"id":"THCA000046"}}&page=1&sortField=starRatingM255&sortOrder=desc

That's a good idea, thanks.

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Don Chance Gold Member

Don Chance

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On 2/6/2022 at 12:54 PM, david_je said:

What do you base these choices on? Thanks.

 I think we can expect the Singapore reits to rise up again once they reopen.  They should be safe investments with a steady  dividend and a return of 4-10% per year not more. There is some good diversity there too. Most of the reits in Canada and the USA are too high and due for a correction.

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smutcakes Platinum Member

smutcakes

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On 2/6/2022 at 11:49 AM, Don Chance said:

 

 

If you are investing in REITS make sure that you invest in one where the assets are mostly held freehold- there are a lot of leasehold REITS out there which they the market does not seem to full comprehend that it is a depreciating asset at the lease reduces its length. Not quite sure what the long term prospects are for some of the REITS which are backed by leasehold property.

 

A small quantity of leasehold in a REIT is fine, as long as you get higher return to reflect the increased risk.

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