Thai stock brokerage

[PvtDick]

Does anyone here have any recommendation for a good Thai securities brokerage?  One with good on-line facilities?

Any advice would be greatly appreciated.

[Nathan@Thaistocks]

Here is a review of some brokers in Thailand: ClicK

In general, on-line trading in Thailand is not up to the same standards as more developed countries.

Nathan

Thaistocks.com

[PvtDick]

Thanks, Nathan.  Very helpful.

[Butterfly]

Here is a review of some brokers in Thailand: ClicK

In general, on-line trading in Thailand is not up to the same standards as more developed countries.

Nathan

Thaistocks.com

It's a shame your website is so confusing and not as professional looking as it should be, because it seems that some of the services you are providing are valuable in terms of contents. A better organization of your system could be a more effective marketing tools.

[en184]

Hi,

I find Seamico.com offer a great service.  In addition, they have very good research and offer a daily research email of thier latest research every day into your email box.  They also have an analyst Kuhn P, or Eddie, who is really good and often right on when he makes his predictions.  I have been personally astounded by the accuracy.

For me, Seamico is of a higher standard than many brokerages in the west although speed of execution is not as good as interactivebrokers.  

Thaistocks does not like them, because in the snake pit, some people, (PR claims not too) slag off thaistocks, providing PR with free advertising.

 

[dr_Pat_Pong]

en184    do us all a favor....get rid of that pale blue type forever.

[dr_Pat_Pong]

it's nearly as sad as that boiler room job you talked about awhile back. P L E A S E

[en184]

Just for you Dr Pat Pong.

[dr_Pat_Pong]

Thank you...I appreciate it  

[hawaiiguy]

If you're interested in investing in the Thai Stock Market, did you know that you can invest in some of the best-performing Blue Chip companies listed on the Stock Exchange of Thailand (SET), without a lot of paperwork, broker fees, currency conversions, and other headaches?  Simply log onto to your USA or UK online stock trading service (or call your broker) and check out Thai Fund (symbol: TTF).

The Thai Fund is an Exchange-traded fund which trades actively on the New York Stock Exchange, hence it features high liquidity: you can move your money in and out rapidly at anytime during NYSE market hours (930pm to 4am BKK time).  TTF is managed by Morgan Stanley Investment Management ( http://www.morganstanley.com), a highly respected US/International investment banking firm established in 1935, as well as MFC Asset Management, the Thai-based management company.  

Buying shares in TTF a well diversified investment in many of the best Thai stocks including: Thai Airways, Bangkok Bank, Siam Bank, Krung Thai Bank, National Petrochemical, Siam Cement, Land and House PCL, Asian Property Development, UBC Broadcasting, Siam Makro, PTT Exploration, Advanced Info Service, Shin Corp., and many other blue chip Thai companies.  Instead of paying $$$ in broker commissions many times over, just one broker fee to buy shares in TTF gets you diversified into all these companies (and more).

At about $9 per share, TTF is on a steady UP trend, consistent with (and somewhat better than) the Thai stock market.  In fact, the gain is greater than 150%, year to date!  Most analysts indicate that this strong performance will continue based on the strong and growing Thai economy.

So save yourself the hassle and expense of thai brokerage accounts, currency conversions, and multiple broker commissions.  Buy Thai (TTF) !

you can check this out at any stock site or Morningstar.com: http://quicktake.morningstar.com/CEF....n=quote

Chokedee !

[dr_Pat_Pong]

Sounds good HG ...I will look into it. Thanks for bringing it to our attention.      

[Butterfly]

If you're interested in investing in the Thai Stock Market, did you know that you can invest in some of the best-performing Blue Chip companies listed on the Stock Exchange of Thailand (SET), without a lot of paperwork, broker fees, currency conversions, and other headaches?  Simply log onto to your USA or UK online stock trading service (or call your broker) and check out Thai Fund (symbol: TTF).

The Thai Fund is an Exchange-traded fund which trades actively on the New York Stock Exchange, hence it features high liquidity: you can move your money in and out rapidly at anytime during NYSE market hours (930pm to 4am BKK time).  TTF is managed by Morgan Stanley Investment Management ( http://www.morganstanley.com), a highly respected US/International investment banking firm established in 1935, as well as MFC Asset Management, the Thai-based management company.  

Buying shares in TTF a well diversified investment in many of the best Thai stocks including: Thai Airways, Bangkok Bank, Siam Bank, Krung Thai Bank, National Petrochemical, Siam Cement, Land and House PCL, Asian Property Development, UBC Broadcasting, Siam Makro, PTT Exploration, Advanced Info Service, Shin Corp., and many other blue chip Thai companies.  Instead of paying $$$ in broker commissions many times over, just one broker fee to buy shares in TTF gets you diversified into all these companies (and more).

At about $9 per share, TTF is on a steady UP trend, consistent with (and somewhat better than) the Thai stock market.  In fact, the gain is greater than 150%, year to date!  Most analysts indicate that this strong performance will continue based on the strong and growing Thai economy.

So save yourself the hassle and expense of thai brokerage accounts, currency conversions, and multiple broker commissions.  Buy Thai (TTF) !

you can check this out at any stock site or Morningstar.com: http://quicktake.morningstar.com/CEF....n=quote

Chokedee !

DO NOT BUY THE THAI FUND (TTF)

It's a total fraud and here is why:

- It has a currency risk: The Thai bath falls, and it has a direct impact on the fund NAV and therefore market price. This has happened multiple times. The Thai Bath is up, does not have much of a stronger impact on the market price. The bad news has more impact than the good news. Therefore making it very risky.

- The US Market crash or falls, and the fund price will also fall even though the SET and NAV could go up. The correlation between SET upward and US upward is 0. So you get the worst of both world. Again this makes it very risky.

- The fund is know to be "manipulated" by overseas Thais who know more on Casinos than they do on stock markets

- There is the question of NAV and the market price being over NAV. TTF is a closed end fund and therefore will sell at a premium because of those "manipulations". Why paying for more when you get less in NAV

- Closed End funds are dangerous investment for the average investor. They can pay huge dividends (15%) but the capital appreciation is very volatile. There used to be about 100s of closed end funds in 1990s, now they almost all have disappeared because most of them got sued by "mad" investors after they realized (too late) that the "vehicle" was a dangerous and misleading security.

AVOID AT ALL COSTS.

[hawaiiguy]

Well, Butterfly is very wary of  TTF and brings up a number his of concerns suggesting the fund is "dangerous".

I suggest anyone interested in investing in the Thai stock market just "look at the chart" to see the performance of TTF over the last year.  TTF has been a steady, solid performer for years.  Nobody has gotten 'burned' or cheated.

Read the TTF Prospectus from Morgan Stanley.  The fund was incorporated in 1987!  If it was as 'dangerous' and 'manipulated' as Butterfly suggests, it would have met its demise long ago.  By the way, there are still 1000's of closed-end funds throughout the market.  That format REDUCES volatility.

Butterfly has stated that I am "spamming the Board" or "running a Boiler Room".  Also not true.  I'm small cap investor with an interest in the Thai stock market.  TTF is a  convenient way to invest.  I'm flattered that Butterfly thinks I can manipulate the market in TTF (13,000,000+ shares outstanding) by posting on this board!

If you think buying individual thai stocks at a thai brokerage is a better way to go, good luck folks, and watch out for those crafty "Thai Casino Manipulators"!

LOL!

[Butterfly]

Well, Butterfly is very wary of  TTF and brings up a number his of concerns suggesting the fund is "dangerous".

I suggest anyone interested in investing in the Thai stock market just "look at the chart" to see the performance of TTF over the last year.  TTF has been a steady, solid performer for years.  Nobody has gotten 'burned' or cheated.

Read the TTF Prospectus from Morgan Stanley.  The fund was incorporated in 1987!  If it was as 'dangerous' and 'manipulated' as Butterfly suggests, it would have met its demise long ago.  By the way, there are still 1000's of closed-end funds throughout the market.  That format REDUCES volatility.

Butterfly has stated that I am "spamming the Board" or "running a Boiler Room".  Also not true.  I'm small cap investor with an interest in the Thai stock market.  TTF is a  convenient way to invest.  I'm flattered that Butterfly thinks I can manipulate the market in TTF (13,000,000+ shares outstanding) by posting on this board!

If you think buying individual thai stocks at a thai brokerage is a better way to go, good luck folks, and watch out for those crafty "Thai Casino Manipulators"!

LOL!

There are about less than 60 country equity funds left, down from about 100

Good luck to you, is all I can say. Obviously you were not invested in TTF before and after 1997. You would have learn the hard way.

Again, good luck

[hawaiiguy]

previously, Butterfly wrote:

"yeah got that warning already from my broker this morning. Obviously people are starting to get nervous. If SET reaches 700 in less than 2 months, I am out there. I have started to sell some of my holdings already."

I guess with those kind of warnings from one's broker, the Thai market looks pretty scary.  Personally, considering the growth of the Thai export economy and the softness of US dollar,  I think the Thai market has substantial growth potential.  Although it has increased substantially, the P/E for the thai market is still only a bit more than 10.

If one is following the guidance (and paying the commissions) of a broker for each and every trade, I certainly would expect that broker to warn how "dangerous" a stock is that cuts him out of the commission loop.

For example, with the online trading firm Ameritrade, one can buy an unlimited amount of TTF shares, diversifying into more than two dozen thai blue chip companies, for a total commission of, hold on now.. $10.99.  Most other online, "no-coaching" firms are similar.

You can't expect your broker to say anything good about that!

By the way Butterfly, what shares have you started to unload?  Any that I'm buying ?

[Butterfly]

previously, Butterfly wrote:

"yeah got that warning already from my broker this morning. Obviously people are starting to get nervous. If SET reaches 700 in less than 2 months, I am out there. I have started to sell some of my holdings already."

I guess with those kind of warnings from one's broker, the Thai market looks pretty scary.  Personally, considering the growth of the Thai export economy and the softness of US dollar,  I think the Thai market has substantial growth potential.  Although it has increased substantially, the P/E for the thai market is still only a bit more than 10.

If one is following the guidance (and paying the commissions) of a broker for each and every trade, I certainly would expect that broker to warn how "dangerous" a stock is that cuts him out of the commission loop.

For example, with the online trading firm Ameritrade, one can buy an unlimited amount of TTF shares, diversifying into more than two dozen thai blue chip companies, for a total commission of, hold on now.. $10.99.  Most other online, "no-coaching" firms are similar.

You can't expect your broker to say anything good about that!

By the way Butterfly, what shares have you started to unload?  Any that I'm buying ?

Well, maybe you should know that Thai brokers are the cheapest in the world. The commission they charge is so low, I am not sure how they make money. Brokers in the US are much more expensive. Online trading firms like Ameritrade have such poor executions records, they are not even worth it. Of course you get what you paid for: a stupid web interface for taking your orders. Where it goes after that ? not sure exactly but probably in the pile with the rest of the "low priority" trades.

You are probably paying more through TTF in terms of management fees, US broker fee etc...

I traded TTF a few times and made good money on it. I was primarly shorting it (right before 1997) and got a nice little gain. Did a few other trades with it, still shorting it until it was very low and I had to pay the "reverse dividend". Still not bad. I wonder how the "fools" who bought it at $11 (at the time or a few months before I think, can't remember exactly) were doing after 1997 until 1999 when the fund barely moved above 6 or 7 or even 8. I would see a lot of strange "fluctuations" between expectation of SET change in the papers and the price of the fund. Fluctuations that were irrelevant because they would only hold for a few days and then crash like a stone later. We are talking 20% swings with a week or 2 weeks period. At the time they were numerous report with the "Tawanese speculators" playing with the SET. I think those "Tawanese" were nothing else than overseas Thais using a Tawanese broker to do their "bets".

Again, good luck to you if you think this is a "sure" bet.

But I think the party is already over or is about to finish and you are just following the herd who are just starting to being "sucked" into the stock market game.

[hawaiiguy]

Well, Butterfly, I just don't have the time to advise you about online brokerages and correct your misconceptions about "poor executions" and "low priority" trades, but suffice to say that circumstances are vastly different than your broker is reporting to you.  On Ameritrade, you can see your trade EXECUTE IN SECONDS on the real time Level 2, bid/ask reporting system.  

"Brokers in US are much more expensive."  Unlimited amount of shares at limit pricing for $11 ???  You're joking right?

A few posts ago, you panned TTF because you said it was being manipulated by Thai casino players, or something like that. Now, you say the entire SET is being manipulated?  Well, I agree with you, there is some degree of manipulation, just as in ANY MARKET.   That doesn't mean that sound investment strategies cannot be profitable.

And you said: "Again, good luck to you if you think this is a "sure" bet."

Thanks for the warm sentiments, but I never suggested TTF is a "sure bet". I presume you realize that there's no such thing.   I responded to someone who inquired about investing in the thai stock market.  TTF has been successful for me.   You feel that the 'end is near', not everyone agrees with you.  

Can we agree on that?

[en184]

Thai Brokers are very good indeed.

I reccomend Seamico.  They delivery daily stock research in english by email box.  The research is very high quality.

Plus, commissions in thailand are low.  You can see, the bid and the ask quotes, (similar to level 2).

I have never had a problem moving money in and out of thailand.  Dividends are nearly allways paid on time.  Execution is almost instant.

Customer Service is also pretty good.  

You could also consider Kim Eng Securities or Tisco.

To open the account, you will probably have to visit the offices in person or get some one to visit for you.  I am not sure if you can open by post or not.

[Nathan@Thaistocks]

It's a shame your website is so confusing and not as professional looking as it should be, because it seems that some of the services you are providing are valuable in terms of contents. A better organization of your system could be a more effective marketing tools.

I'm glad you made that comment Butterfly, because our new website will be up within the next two days.  It addresses the problems you mentioned and has been worked on for the past 3 months.  Make sure to check it out and sign-up for free and get over 200 free articles.

Nathan

Thaistocks.com