Time to buy Thai stocks?

[SheungWan]

The withdrawal of QE in the States will drain Emerging markets for money and stocks will fall. I would wait 6-9 month before consider buying anything.

Its those lurid drains again!

[isawasnake]

Sorry I didn't read the thread, but I would HIGHLY recommend that not try to buy socks in Thailand. You should get them before you arrive.

It's an absolute nightmare trying to find ones that fit properly for falang feet. Also, the cotton quality is often sub par.

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Not for me, I'm a big Farang (Fat) but I've got small hands and feet for a farang.

So the two things I can buy in Thailand are Socks and Shoes.

Yeah, there's a big tall farang guy in my building who has really little feet. Lucky guy

Guys, cmon, this thread is about shocks. You know....

[ExpatJ]

Just an update to my original first post. I bought LPN and HMPRO as noted on Feb 3 and sold today- clearing 44,000 baht profit after fees (that includes a 10,000 baht dividend payment for LPN)- i chose to sell HMPRO even though it has a decent dividend payment due next month because i think political problems are heating up again and will impact prices.

Today i also put a good chunk of money into a all Russia ETF (RSX)which dropped after the recent crisis - i predict that Putin is smart enough not to invade Ukraine further in order keep what he has got, plus banking on no appetite in EU for meaningful sanctions. Plan to sell in few weeks/months when money comes back in to Russia (used etrade Singapore which only charged me 9US$ commission for this ETF trade)..

[SheungWan]

The withdrawal of QE in the States will drain Emerging markets for money and stocks will fall. I would wait 6-9 month before consider buying anything.

You should tell Volkswagen who have recently announced that they are planning on setting up a manufacturing plant in Thailand.

[Duff]

Interesting to see some fellow investors here. I'm a full-time trader myself and do trade on the Thai stock exchange as well as the NYSE. What broker do you guys use in Thailand?

Sent from my iPhone using Thaivisa Connect Thailand

[thaistocks]

Far too many negative comments here by expats which don't know what they are talking about. The SET index just about doubled over the past 5 years and many stocks have done much better then that. Even this year has been ok with the Thai benchmark index flirting back up to near 1400 vs. 1298 on Jan 3 2014, (up7%) all despite all the bad politics since.

Thailand is the absolute leader in the region on green energy as it has one of the highest electricity rates in all of SE Asia (only Cambodia's is higher). There are a number of great companies here which are near exploding in earnings going forward due to the boom in solar and wind energy. EGAT gives attractive adder rates for such green energy and the country has a mandate to produce some 20% of all electricity, green, by year 2020. Hence this is a non-cyclical industry which does not have any effect on politics, tourism or exports! Yet, few Thai brokers cover this growth sector as the companies are too small for most institutions (their big clients) so they are off their radar screen, at their peril.

[Duff]

Far too many negative comments here by expats which don't know what they are talking about. The SET index just about doubled over the past 5 years and many stocks have done much better then that. Even this year has been ok with the Thai benchmark index flirting back up to near 1400 vs. 1298 on Jan 3 2014, (up7%) all despite all the bad politics since.

Thailand is the absolute leader in the region on green energy as it has one of the highest electricity rates in all of SE Asia (only Cambodia's is higher). There are a number of great companies here which are near exploding in earnings going forward due to the boom in solar and wind energy. EGAT gives attractive adder rates for such green energy and the country has a mandate to produce some 20% of all electricity, green, by year 2020. Hence this is a non-cyclical industry which does not have any effect on politics, tourism or exports! Yet, few Thai brokers cover this growth sector as the companies are too small for most institutions (their big clients) so they are off their radar screen, at their peril.

Indeed so.

EMs and Commodities (nat gas, corn, coffee, gold, silver...) are the place to be for 2014-15 IMHO (though EMs may be overbought short term).

Thailand mid-term doesn't look that good though, bearish rising wedge since the beginning of this year, slight RSI/OBV bearish divergence, struggling to stay above the 38.2 Fib, near the upper downtrend trendline. We'll see in the next couple of days/weeks whether the SET breaks out of this wedge or reverses its major trend.

[ExpatJ]

Today i also put a good chunk of money into a all Russia ETF (RSX)which dropped after the recent crisis - i predict that Putin is smart enough not to invade Ukraine further in order keep what he has got, plus banking on no appetite in EU for meaningful sanctions. Plan to sell in few weeks/months when money comes back in to Russia (used etrade Singapore which only charged me 9US$ commission for this ETF trade)..

Sold that Russian ETF today, 3 months after buying & posting above- 17% profit. And total commission/fees only 20$ using ETRADE Singapore account (opened because i have HSBC account there also although am based in bangkok).

Today i also bought an Indonesia ETF (IDX) anticipating that pro-business Jokowi will win this weeks presidential election and aim to sell next week once the ETF jumps after his initial victory (that's the theory any way, lets see :-)

[AfterLOS]

I would regard neither of those two companies as blue chip solid.

I applied the 'CAN SLIM' criteria for picking stocks - and came up with about 8-10 Thai stocks that meet the criteria - LPN, HMPRO just about made it on to the list. The idea is that ill buy LPN ,HMPRO next week, hope other investors buy into them for the dividend payments in a few weeks time- then ill sell just before the XD date or get the dividend and wait hoping that money flows back to SET (when i have made this 'dividend' play in the past i normally sell day before XD date so its a 1-4 week trade).

Did you not notice that SET weekly trendline was busted August 2013? If you're LONG stocks now in July 2014, do NOT ignore that 2nd trendline shown to the extreme right. Exit if that gets taken out.

The steeper, barely visible trendline is a DAILY, that's for me to go ultra-short Set50 Sept. Futures contract if taken out.