Australian non tax resident- non-financial issues.

[webfact]

Stock Market Happy with Record Rise in 16 Years

BANGKOK: -- The stock market supervisory agency says the bourse has seen record growth in the first quarter with the index nearing 1,200 points.

President of the Stock Exchange of Thailand, or SET, Charumporn Chotikasathien said the SET increased by 16.72 percent year-on-year to 1,196.77 points at the end of the first quarter, which is record growth in 16 years and the largest growth compared to other emerging countries.

Charumporn then said the Market for Alternative Investment, or MAI, grew 10.57 percent from last year to end at 292.15 points at the end of the first quarter.

He said the average trade value for the SET was at 31.2 billion baht a day in the first quarter while the MAI saw an average of 35,101 transactions a day.

The president reported the market's new electronic trading system is still in the trial stage.

He expected the new system to be implemented in July while the electronic trading link with other ASEAN countries should be in place around August.

The SET's Deputy Manager in charge of organization strategy Wirathai Santiprapop said the market capitalization of the SET and the MAI have reached unprecedented heights in the first quarter.

The SET's market capitalization is at 9.86 trillion baht, a 17.2 percent growth year-on-year, while MAI's is at 93.07 billion baht, an increase of 20.4 percent from 2011.

Wirathai said the SET's market capitalization has the potential to hit ten trillion baht before the end of this year, if no fresh negative factors emerge.

He said the Thai stock market should continue to perform well in the second quarter given the central banks of many countries are still maintaining their benchmark interest rates at a low level and imposing expansionary monetary policies.

Wirathai suggested the inflating goods' prices be handled with caution as they could hurt liquidity while saying the domestic economy should pick up on support from the government's post-flood economic stimulus packages.

-- Tan Network 2012-04-20

[CARLIN]

Would be nice to have somewhere, a forum to discuss Thai stocks, like LSE or III

George

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[how241]

Stock market up = players/traders happy.

[bendix]

Stock market up = players/traders happy.

Stock market up = people who plan for their futures happy.

[brit1984]

Stock market up = players/traders happy.

Stock market up = people who plan for their futures happy.

Stock market up = everyone happy*

*except those who want to see an end to capitalism and a return to the good old days prior to the industrial revolution

[CARLIN]

Stock market up = players/traders happy.

Stock market up = people who plan for their futures happy.

Stock market up = everyone happy*

*except those who want to see an end to capitalism and a return to the good old days prior to the industrial revolution

Is that the wife?

.

[anterian]

Bank deposits safe but low interest, so investors move to stocks but more risks.

[jalansanitwong]

Stock markets back home are fine but the Thai SET is basically a private club of rich Thai families and o/seas investors who couldnt careless about Thailand's future re 1997. What happens when they take their profits and run ? Wasnt the SET about this level 15 years ago before it tanked.

[bendix]

Stock markets back home are fine but the Thai SET is basically a private club of rich Thai families and o/seas investors who couldnt careless about Thailand's future re 1997. What happens when they take their profits and run ? Wasnt the SET about this level 15 years ago before it tanked.

You do know that simply repeating an idiotic post half a dozen times doesn't make it any less idiotic, right?

How can a stock exchange 'comprising rich Thai families and overseas investors' be a private club? As anyone can buy Thai shares freely, doesn't this make your proposition pretty stupid? How is the SET any different from any other stock market which, also, is open to 'rich families' and overseas investors (as well as fund managers, private investors, the man in the street etc)?

Im not sure if it escaped your notice, but all Asian markets tanked in 1997. There were very good reasons for it. Similarly, all global markets tanked in 2000/01 and again in 2008.

Try thinking things through before you post - repeatedly.

Edited April 21, 2012 by bendix

[sbk]

Multiple posts removed, please dont keep hitting the post button if it stalls, thanks

[bendix]

Multiple posts removed, please dont keep hitting the post button if it stalls, thanks

Can't you guys moderate for stupidity and ignorance also?

[theblether]

Bendix it is the stupid people who hand over control of their money to fund managers that allow private investors like you to earn money so dont be criticizing them

[Naam]

Stock markets back home are fine but the Thai SET is basically a private club of rich Thai families and o/seas investors who couldnt careless about Thailand's future re 1997. What happens when they take their profits and run ? Wasnt the SET about this level 15 years ago before it tanked.

You do know that simply repeating an idiotic post half a dozen times doesn't make it any less idiotic, right?

How can a stock exchange 'comprising rich Thai families and overseas investors' be a private club? As anyone can buy Thai shares freely, doesn't this make your proposition pretty stupid? How is the SET any different from any other stock market which, also, is open to 'rich families' and overseas investors (as well as fund managers, private investors, the man in the street etc)?

Im not sure if it escaped your notice, but all Asian markets tanked in 1997. There were very good reasons for it. Similarly, all global markets tanked in 2000/01 and again in 2008.

Try thinking things through before you post - repeatedly.

no need to become échauffé Bendix! especially when it concerns posters who are capable to embed at least three negative remarks about Thailand in each of their postings and can't wait to get out of this country although they are already waiting since a year or two for the next "assignment" in a country where the grass is greener.

p.s. one of my dogs who uses my laptop to read Thaivisa just mumbled something about "nomen est omen" and used incoherent words (which don't make sense) like "jalan sanity wrong". i wonder what he meant.

[Rancid]

Most markets are up, but interestingly volume is way down and that isn't normal. The Central banks have been printing money and a lot of that is ending up in the markets. It has been quite a long boom period since the crash, however technicals are currently pointing down, no doubt though after enough drop it will be propped up again, although that can't last forever. Personally I trade US Options, in and out usually within a week, when this does finally go I may lose a few dollars if I get the chart wrong but it won't be a life wrecking portfolio. Thai market is just following the trend, it isn't a leader so will just go with the rest of the market. I wouldn't be listening to the SET selling their own game.

[Time Traveller]

Stock markets back home are fine but the Thai SET is basically a private club of rich Thai families and o/seas investors who couldnt careless about Thailand's future re 1997. What happens when they take their profits and run ? Wasnt the SET about this level 15 years ago before it tanked.

Jealous?