Thai Stocks For Mid To Long Term Investors

[ray23]

Anyone got a clue what happened today?

I was like a smiley cat SET at 1000, lost my internet supposedly to all the Issan region.

Go back on at 1620 SET to 983

[ExpatJ]

Anyone got a clue what happened today?

I was like a smiley cat SET at 1000, lost my internet supposedly to all the Issan region.

Go back on at 1620 SET to 983

From what i understand, the rumuor is that the quantitative easing (i.e. printing money in the US) next week will 'only' be around 500 billion USD not a trillion or more and the markets around asia went down as a result (....more money printed in US= more money flowing to asian exchanges so there was disappontment that its not going to be a trillion!)

[ray23]

Thanks I eventually came to the same conclusion. personally I think they over reacted. The bottom line is until things improve on the West, the money will come here. That's not happening this year and maybe many more before the wreck is rebuilt and on the road again.

I don't understand why they keep looking for that magic bullet, how many times do you have to say growth will be slow. There is no magic, everything was built on a sand foundation the last time. as a matter of fact it wasn't any more real then the paper that was being passed around and that's what it's real value was.

Asia is going to do just fine. as long as it stays out of that trap. The West will do OK eventually. But it's not for years to come.

At least that's what this newbie thinks.

Market are looking up today so maybe they are rethinking the situation, we will see how the day goes.

[ExpatJ]

Thanks I eventually came to the same conclusion. personally I think they over reacted. The bottom line is until things improve on the West, the money will come here. That's not happening this year and maybe many more before the wreck is rebuilt and on the road again.

I don't understand why they keep looking for that magic bullet, how many times do you have to say growth will be slow. There is no magic, everything was built on a sand foundation the last time. as a matter of fact it wasn't any more real then the paper that was being passed around and that's what it's real value was.

Asia is going to do just fine. as long as it stays out of that trap. The West will do OK eventually. But it's not for years to come.

At least that's what this newbie thinks.

Market are looking up today so maybe they are rethinking the situation, we will see how the day goes.

I agree with your assessment. I also bought gold yesterday for the first time to diversify my investment portfolio- i think there is a good chance that it will increase a lot in next months (even more than it has done already in past year) as US prints money and given the on going riskiness of the recovery in west (greece, ireland etc).

[ray23]

Thanks I eventually came to the same conclusion. personally I think they over reacted. The bottom line is until things improve on the West, the money will come here. That's not happening this year and maybe many more before the wreck is rebuilt and on the road again.

I don't understand why they keep looking for that magic bullet, how many times do you have to say growth will be slow. There is no magic, everything was built on a sand foundation the last time. as a matter of fact it wasn't any more real then the paper that was being passed around and that's what it's real value was.

Asia is going to do just fine. as long as it stays out of that trap. The West will do OK eventually. But it's not for years to come.

At least that's what this newbie thinks.

Market are looking up today so maybe they are rethinking the situation, we will see how the day goes.

I agree with your assessment. I also bought gold yesterday for the first time to diversify my investment portfolio- i think there is a good chance that it will increase a lot in next months (even more than it has done already in past year) as US prints money and given the on going riskiness of the recovery in west (greece, ireland etc).

I managed to pick up some leads on silver, But, The SET has been good to me. so I will hold out a little longer. I hear short time it will out perform Gold. Is that true got me.

[maipasathai]

Hi Ray,

I'm also in Silver. Picked up few contracts at 21 (overslept and came in late) and had a partial TP at 25.15. Was almost there... Exit plan for entire position is a 45 day low. Also long JPY and a small position in EUR. All for short USD!!!

[ray23]

Only plan I have the moment is getting some cash out for a bit, till the dust settles anyway.

[ExpatJ]

For those who use technical analysis/charting...which ones do you use?

I'm trying to develop a set/ more methodical system for buying selling in days/weeks range because I feel the increased volatility in the markets and the potential for another big fall means that buying fundamentally sound stocks (buying and holding) will not necessarily make a profit- so im looking for more regular trading to take advantage of short term price swings

[ray23]

I use candlesticks, SMA, MACD, & RSI

If I don't have at least two in agreement then I don't move

[maipasathai]

Different channel break outs as Donchian, ATR based, Bollinger. Always with initial stop and some kind of trailing stop. Also use time based exits ie. for a long position, if it hasn't made a new high within X days then exit.

[personchester]

Anyone got a clue what happened today?

I was like a smiley cat SET at 1000, lost my internet supposedly to all the Issan region.

Go back on at 1620 SET to 983

From what i understand, the rumuor is that the quantitative easing (i.e. printing money in the US) next week will 'only' be around 500 billion USD not a trillion or more and the markets around asia went down as a result (....more money printed in US= more money flowing to asian exchanges so there was disappontment that its not going to be a trillion!)

Quantitative easing done in the US and in the UK, (other western countries too) is state printed money that is being lent to its banks in order that the banks can restart lending, and continue lending to businesses, because all businesses (big or small) need continuously bank loans in order to keep their business in terms of production updated ... keep people in employment ... and as a result keeps the countries economy alive and competitive, hence the reason why the state prints the money in the first place.

Due to the collapse of the global financial institutions, caused by by the failures of the original US "sub-prime funds" and as a result of which "Lehman Brothers" (a major international lender) went down the swannee, since then banks in general across the globe were very short of funds and had to be bailed out by governments in order to keep the banking sector alive, thus to ensure that they were able to keep lending money continuously to businesses, (and individual people too) since without an efficient banking sector there can be no successful economy.

Moreover, quantitative easing reduces the exchange rate value of the given currency, in this case USD and GBP, this of course helps the countries export, which again is positive for the countries general economy.

In addition, quantitative easing (the printed money) is not meant to be invested abroad, even those that are to get bank loans (as a result of the new printing) and then intent to invest their USD or GBP abroad, would have to pay a lot more for their investment, due to the fact that the FX rate of those currencies has dropped sharply, including the EUR.

[TBWG]

Anyone got a clue what happened today?

I was like a smiley cat SET at 1000, lost my internet supposedly to all the Issan region.

Go back on at 1620 SET to 983

From what i understand, the rumuor is that the quantitative easing (i.e. printing money in the US) next week will 'only' be around 500 billion USD not a trillion or more and the markets around asia went down as a result (....more money printed in US= more money flowing to asian exchanges so there was disappontment that its not going to be a trillion!)

Quantitative easing done in the US and in the UK, (other western countries too) is state printed money that is being lent to its banks in order that the banks can restart lending, and continue lending to businesses, because all businesses (big or small) need continuously bank loans in order to keep their business in terms of production updated ... keep people in employment ... and as a result keeps the countries economy alive and competitive, hence the reason why the state prints the money in the first place.

Due to the collapse of the global financial institutions, caused by by the failures of the original US "sub-prime funds" and as a result of which "Lehman Brothers" (a major international lender) went down the swannee, since then banks in general across the globe were very short of funds and had to be bailed out by governments in order to keep the banking sector alive, thus to ensure that they were able to keep lending money continuously to businesses, (and individual people too) since without an efficient banking sector there can be no successful economy.

Moreover, quantitative easing reduces the exchange rate value of the given currency, in this case USD and GBP, this of course helps the countries export, which again is positive for the countries general economy.

In addition, quantitative easing (the printed money) is not meant to be invested abroad, even those that are to get bank loans (as a result of the new printing) and then intent to invest their USD or GBP abroad, would have to pay a lot more for their investment, due to the fact that the FX rate of those currencies has dropped sharply, including the EUR.

Hi

Please bear with me if this is a naive question, but as someone who had money in Railtrack & Icesave you will see that I know naff all about investments.

I can however grasp that lending money to out of work trailer home owners to mortgage a home is bound to end in tears, I also fear that just printing money for quatitive easing has all the hallmrks of an African dictatorship and will also end in tears.

What am I missing.

Thanks for your forbearance.

TBWG

[ray23]

I don't want to go to afar on this. But, it would appear that the money created and loaned would appear to be going elsewhere. We have a big week ahead my best guess is we will have better direction after that.

[maipasathai]

Another day when SET closed above 1000. Maybe we have passed the 1000 psycological barrier. New equity high again and happy with that. Waiting for US figures coming out this week.

Happy trading

[ExpatJ]

Some good news today for those of us- Ray?- who bought AIS (ADVANC) hoping for a 3G boost (that never happened)- AIS today annouced a special dividend of 6 baht per share - giving some of the investment funds they set aside for 3G back to share holders- thats a just over 6% dividend.

Also today i bought into a small & mid stock Indonesian mutual fund- nice and adventurous but im feeling confident about it- also a way for me to convert more of my cash dollar savings into a stronger currency (i never thought id say that about the Indonesian rupiah!).

Im also looking for a commodities mutual fund- any one know of any that can be bought here in Thailand? I feel the weakening dollar will push up commodities...

[maipasathai]

Hi ExpatJ,

I'm still in AIS and the announcment today just showed how unlogic the market is. They just said they are going to transfer some money from the company to the owners, us share holders of the company, and suddenly the price of the stock raisied. Fundamently nothing has changed but thats the flaw of fundamental analyzes. Google up financial behaviour or prospact theory and you will see what we deal with. Humans have human behavior and thats why ADVANC went up today not because of fundamentals.

For commodities don't go with funds. Charge commisions and you are not in top of your trades. If you intrested in gold and silver trades based in USD or JPY send me a PM and I might have an option.

[ray23]

Does anyone have any concerns about a bubble being created in the market?

[ray23]

Set finished off at 1040 for the week.

I have 245 K working now an a profit of 58,780

I'm not counting the 150 K I took out.

I really don't know if that would be called profit or not.

I'm trying to stay on my 20K a month now. Something comes up I have the money to cover it.

I did notice something unusual on my watch list. Some of thee companies that were sold out earlier are falling and they may end up being value stocks again in the future. The company fundamentals are still good, they are going down now because the big caps are getting the play. I actually did a have a company that I made a profit on three different times. So I will be going down memory lane a bit.

A lot of the Mai stocks are going down right now, you just have be willing to wait a bit. I'm only holding four companies

[ExpatJ]

Does anyone have any concerns about a bubble being created in the market?

I agree there is a big bubble forming in Asian stock markets, gold and commodities- but this is a great buy opportunity for us now as i believe the bubbles will continue inflating for at least a few months more- im putting more of my cash savings into Thai and Indonesia stock market and into gold.

[humbug]

Hi ExpatJ,

I'm still in AIS and the announcment today just showed how unlogic the market is. They just said they are going to transfer some money from the company to the owners, us share holders of the company, and suddenly the price of the stock raisied. Fundamently nothing has changed but thats the flaw of fundamental analyzes. Google up financial behaviour or prospact theory and you will see what we deal with. Humans have human behavior and thats why ADVANC went up today not because of fundamentals.

For commodities don't go with funds. Charge commisions and you are not in top of your trades. If you intrested in gold and silver trades based in USD or JPY send me a PM and I might have an option.

http://www.set.or.th/set/newsdetails.do;jsessionid=6F0E42FA8699E7A29A0C6846F579AE34?type=H&time=1288852920000&filename=dat%2Fnews%2F201011%2F10037562.e10++++++++++++++++++&source=ADVANC&headline=Resolution+of+BOD%3A+Special+dividend+payment%2C+revise+dividend+policy&symbol=ADVANC&language=en&country=US

the above link is the set press release for the other day on advanc

a while back on this thread a few of us were saying that advanc was the stronger stock in the telcos sector due to the rumours of there not being any 3g this year then advanc would pay out a special dividend

i havnt been trading stocks for a while been trading the derrivative warrants on the set, but every day without fail whether its usefull or not i always check the days press releases in the morning and afternoon and also the daily managment stakes holding changes, sometimes it can help especially when what may seem a strange price movement may actually have good reason to move

[WhiteCadillac]

Where can I open an easy online banking account for Thai stocks?

[-noodles-]

Where can I open an easy online banking account for Thai stocks?

If you're talking about online brokerage here's a few:

http://inv4.asiaplus.co.th/cms/index.php

http://www.kimeng.co.th/

http://www.tiscoetrade.com/Tisco/login.jsp?txtBrokerId=002

[ray23]

I have diversified into gold a little at a time. I also try to limit myself for the most part to the small caps. I do hold one mid cap. Everything I hold pay dividends. I believe all the Asia Countries as well a India Brazil Ect. I faced with overwhelming dollar inflows at the moment.

I've read a projection for 1200 on the SET and that was pre QE2.

Why small caps I think they will survive better in a correction. But hey I didn't gain a ton of knowledge over night.

The closer it get to that 1200 mark the more nervous I will be. I really don't see it as a buyer market, Things are terribly expensive, compared to when I started.

[chuck1106]

Hello Crowd..

Just to introduce myself.. I am Chuck, 62, naturalized Canadian..I love Stocks, Markets and anything related to it..It is my life passion, and as someone once said on another forum < trading stocks is better than sex >! More adrenaline rushing here right ?!

I take this opportunity to first Thank humbug and ray23 for their responses to my questions awhile back..

I just return to Canada after being 3-4 weeks in Thailand..I intend to retire permanently next spring probably in Pattaya.I went to Bangkok, Hua Hin and Pattaya. I was there to open a Bank Account and a Trading account. I choose Kasikorn Bank and Kim Eng. I deposited 250,000 Baht in the Bank and then I made a Bill Payment and transfer the whole amount to this Brokerage House.

The Account Officer of Kim Eng was super nice. We got along together wonderfully..His English is as bad as mine. I went to their Headquarters on 21st floor at Central World in Bangkok ...Nice set up there, they have a Giant Screen on an entire wall, all digital with Real Time Stocks, Indices etc..Computers terminals everywhere one can use any of them free etc..I stayed there during a Market Intermission and one of their Employees was teaching Charts/Patterns on this huge screen to whoever cares to watch and learn..Very impressive...

I am brand new to SET but not new to Penny World. I never invest, but trade - only! Still looking and wanting to learn new things ...we never know enough don't we ? I never "marry" a stock doesn't matter what they do and who they are. I only go and where the Action is !! This is me.

Now I am in my living room in Vancouver, BC and start trading. Last week I got my first Baptizing on Thai market. Bot TTW and RS and this Tuesday and Thursday respectively, I got out. I keep my eyes on JAS, TICON, BANPU, and SCB.

I also like PICO, BEC, DTAC, KK and PTL.

I just noticed BLS start moving nicely Friday. Same as ITD.

My 2 satrang !

So....let's keep these posts going ..

Thanks

Chuck

[chuck1106]

Hello Crowd..

If you don't mind guys can you List here how much Commissions each one of you pay with your Brokerage House so

other people can choose and make a decision to stay or move to another Broker..??!!

It is good to know for everybody!

So...here we go:

"" KIM ENG Securities PLC ""

They charge 0.15% of the total value of the trade plus 7% VAT ( Value Added Tax) on the Commission per se.

Minimum Commission is 54 Baht.

If I call my Account Manager and place an order over the phone or email I will be charged 0.25% plus 7% VAT.

To give a small example: for a 100,000 Baht Stock Purchase on-line, I will be ( I was) charged 150 Baht plus 10.5 Baht VAT.

The Total was 160.5 Baht ONE WAY.

......Therefore, a "Round Trip " in this example, will cost anybody exactly 321 Thai Baht !

Hope this helps..

Chuck

PS. << When I was a boy, my Momma would send me down to the corner Store with $1.00 and I'd come back with 5 bags of potatoes, 2 loaves of bread, 2 pints of Milk, a hunk of cheese, a box of tea and 6 eggs.

You can't do that now.

Too many fuc_kin' security cameras! >>

[ray23]

Asiaplus .75

No minimum buy

[bangkokjohn]

Ray,

I was invited by to a dinner by Bualuang Securities the other evening which was hosted by Khun Chaiyaporn Nompitakcharoen.

Khun Chaiyaporn is Vice President of Bualuang Securities Research Group and I was actually impressed by their honesty because they didn't try to ' spin ' things ! He advised us that for next 6 months people should be careful about investing in the SET and that things are expected to just go mainly " sideways " for now

but with an increased risk to exposure. He also showed us lots of graphs and charts to support this view.

There was also a very knowledgeable Japanese gentleman on my table who seemed to be a very active trader but even so he said was mindful of an apparent warning made by someone else in the finance world ( didn't get the chance to ask who ! ) who recently predicted SET could dip down to as low as 550 but I noticed even Khun Chaiyaporn was also well aware of this prediction.

I don't suppose Bualuang is bragging about this research now!

[humbug]

hi chuck

hopes it goes well for you

[chuck1106]

hi chuck

hopes it goes well for you

Thank you again Humbug and Ray...

Humbug which broker do you use and how much you pay for a round trip Buy & Sell ?

I have another question for you...please..

I do not see here at Kim Eng Platform ( Portal ) a Stop LOSS or a Stop LIMIT as its called sometimes...???

Do you have such feature on your order ticket ??

I don't use it much but it's good to have sometimes when you are away from Computer...

Thanks again

Chuck

[chuck1106]

Asiaplus .75

No minimum buy

Thank you Ray..

So.....ASIAPLUS = 0.75% plus VAT charges right ?

Using a buy of 100,000 THB example one way trip will cost 802.50 THB and a round trip 1605 THB?? Can you confirm please ?

What about the Broker Assisted Orders Ray ?

Ray, Congratulations for your Profit & Loss balance..You are doing very very well my friend..For one year experience ( or less) you are doing very well indeed!

Have a nice weekend

Chuck