Thai Stocks Plunge Nearly 5per Cent On Domestic Factors

[WhiteShrek]

I guess the powers that be must read Thai Visa and took heed when we said it would all blow over.... this time After the 3% rise today Thai markets are now back at the same level they was at 30 Sep.

BTW on p/e ratios. Thai markets seem to have been "cheapest" in this region for a few years now based on that criteria. Personally i'd put it down to the higher country, political and economic risks compared to regional peers. If one day Thailand sorts its problems out or loses the gun it keeps shooting its foot with the that gap will close, with some extra profit to be made...

[bkk_mike]

Because of the subject matter I will not post the link (that should give a clue) but yahoo world news is worth looking at today as it gives a thought provoking reason why the 5% drop may have occured/be occurring further.

Also check the Hong Kong Standard on line.

This is very true - rumour on the trading floor Thursday afternoon that someone had died...

(We know it was just a rumour - now - thankfully).

I'm not a trader, but I was on the trading floor in HK this week... (IT guy).

Edited October 18, 2009 by bkk_mike

[sokal]

I guess the powers that be must read Thai Visa and took heed when we said it would all blow over.... this time After the 3% rise today Thai markets are now back at the same level they was at 30 Sep.

BTW on p/e ratios. Thai markets seem to have been "cheapest" in this region for a few years now based on that criteria. Personally i'd put it down to the higher country, political and economic risks compared to regional peers. If one day Thailand sorts its problems out or loses the gun it keeps shooting its foot with the that gap will close, with some extra profit to be made...

Yeah but if you just want to collect dividends then you can just buy at low p/e and sit back. I am not that concerned about the political situation, Thai people still need to live and talk on their cell phones.

[lannarebirth]

Thai police may make arrests over stock rumours

Thu Oct 29, 2009 2:42am EDT

http://www.reuters.com/article/marketsNews...20091029?rpc=44