Buying Shares Through Siam Commercial Bank

[Johnniey]

I've been looking at buying shares in Thailand. I have one company only that I want to invest in at the moment.

Has anyone any experience with SCB? I am a complete novice at buying stocks or shares so any info is greatly appreciated.

[lkv]

I'd consider investing in a more regulated market if I was you. Put it this way, there is a lot of unregulated up and down movement by insiders.

But that's just my take on it.

[alwaysrainsinUK]

The Uk AIM mkt is no better its full of market maker antics even the nomads shorting the very companys they control and then you have investor gangs ramping up an dumping stock plus the brokers doing internal deals an allsorts of stuff and then u have the CEOs turning on the PR drive to pump up the SP to only raise heaps of money at big discounts to the sp at every turn that dilute the company to shit- then piss it up aganist the walls lol ......

im actually looking into how this SET works at present so im all ears to any info

[vivasamui]

If you have SCB acct and access to EasyNet, their online banking system, you could possibly open an online trading account with EasyStock?

You have to see your branch manager.

[humbug]

barton's global market trends is on facebook and mainly specializes on charts on the set and thai baht.

theres also settrade which every day had market research on chart patterns and stocks by different brokers in mainly thai sometimes english

theres not too much out there except learning the price movements of stocks by yourself.

one good thing theres alot of good dividend stocks

on the downside like most markets there is a large correlation to movements in worldmarkets especially s.e asia markets

[humbug]

its no different to any other market

Edited April 13, 2016 by humbug

[Estrada]

SCB Securities have only a few branches with trading rooms. Maybank Kim Eng is the largest Broker and I have been trading with them for the last 20 years. They have branches all over Bangkok (even at BTS Stations) and the provinces. Correspondence is in English and you will have an English speaking personal broker, even if you are buying yourself with an online account.

http://www.maybank-ke.co.th

[gyrosman]

You have balls, no rain, no money, this is a farming country. Money here comes from China, you think that is a wise idea for the future. How much cheap plastic and cheap materials will make you money ?

[HLover]

It is supposed to rain later in the week.

[Sawan Chan 7]

I'm going to look into SCB too. But I want to buy foreign stock. Is this possible?

[jippytum]

Don't be put off in your quest by negative comments .Visit a local broker and you can purchase the shares you require the same day .You can if you wish receive advice from the broker and clients in the trading room . You can then follow your account with online access .Settlement three working days after selling.

[alwaysrainsinUK]

SCB Securities have only a few branches with trading rooms. Maybank Kim Eng is the largest Broker and I have been trading with them for the last 20 years. They have branches all over Bangkok (even at BTS Stations) and the provinces. Correspondence is in English and you will have an English speaking personal broker, even if you are buying yourself with an online account.

http://www.maybank-ke.co.th

HI Estrada,

Is there any sites that i can chart the companys?

[sendintheclowns]

Agree about ignoring the negative comments about Thailand. I use SCB Securities.

I do my own due diligence - and that is where you need to exercise considerable caution.

It's the same in any stock market, really. By the time you read the news, or read about a 'recommendation' from a brokerage house publication, it's probably too late.

I recommend that you

1. open your account ( PM me if you want the phone number of my brokerage representative at SCBS. He speaks English and is very helpful)

2. Start reading (online) the daily Research papers published by different brokerages. Again, with a SCBS account, they will provide you with the most comprehensive Research reports.

You can have (more limited) online access to other brokerages' research reports too.

3. Sign up to receive Thai Capitalist news letters. Khun Pon is a good, independent reporter of the weekly business news releases by companies which he considers to be significant . It is free.

4. Start with a ' notional' portfolio and follow its progress...you'll learn a lot without risking your capital that way. The SET Streaming service allows you to set up several make-believe portfolios of real stocks. Portfolio is the wrong word - it is just several groups of your stock picks.

5. Learn about the Thai tax treatment of dividends. Capital gains are NOT TAXABLE (I LOVE THAILAND) .

6. There is lots more to learn...the first rule is ' protect your capital' at all costs. No use getting a dividend of 5% if you sell your stock at a bigger loss.

[sendintheclowns]

Its a cut and paste, but here is an example of what I mean, about regional articles by Thai Capitalist:

For Thai investment news, you need to sign up

Random Thoughts: ASEAN, Europe, Panama, a whole lot more…

April 23, 2016

• The last 3 weeks have been rather busy with traveling for both personal and work related activities, and yet really nothing happened much in the world, central banks were quiet, perhaps there was some temporary noise out of doha re oil prices but things have been relatively calm so to speak. First quarter numbers have started approaching, with Thai banks showing rather iffy #’s, the smaller ones i.e. tisco and kkp surprised to the upside with lower than expected provisions, but when I hear “Oh yes our NPLs are increasing but it’s ok we have provisioned against it” doesn’t quite inspire the confidence in me that I suppose it’s meant to, anyways to some random thoughts
• Europe – Flying to brussels was the aim at the end of March but because of the bombing, the flight had to be re-directed to frankfurt and to depart from Paris instead. The mood throughout the country was one of, well, despondence may be the best way to describe. Interestingly the majority of people seemed to be more upset with the Government. If you look at it from their viewpoint taxes are incredibly high, economic growth is tepid at best, the government is finding more ways to tax the citizens and then more immigrants that aren’t able to assimilate are given handouts by the government. Not quite the recipe for a happy populous.
• ASEAN – During songkran, my analysts and I flew to Malaysia and Singapore to attend broker conferences to meet multiple firms from throughout the region. Dr. Surin – finally got to meet the man and have a quick discussion 1 on 1, its a shame he can’t drive things in Thailand. Malaysia’s SWF Khazanah Nasional impressed me tremendously at a breakfast meeting, despite the country being home to what I suspect is the dirtiest politics in SE Asia, these guys know what they’re doing and I think they invest quite well. Firm’s in KL? Well if you thought that Thailand had a lot of property companies then you haven’t been to KL, household debt to gdp is far worse than Thailand and yet when you drive from KL center to the airport you see nothing but new condominiums being built. Are there good companies in M’asia? Absolutely I still take the viewpoint that it doesn’t matter where you are in the world you can always find a great idea, names that impressed me (doesn’t mean one should buy) include Time dotcom – I believe the largest ASEAN sub-marine cable co, Karex – the world’s largest oem condom manufacturer, and Inari Amerton – a semi conductor manufacturing co where 50% of it’s business comes from iphones. What about the other countries? Well again there’s a lot, perhaps the 2 name’s I had the most fun learning about was Naga City (hk listed) which runs the largest casino in Cambodia and Double Dragon – a retail/property company in the Philippines that proves retail investors are still incredibly dominant over there. As a quick aside – I love markets where retail investors are the dominant market participants it allows for stocks to reach their fair values (and more!) far faster and it also drives prices down far further than fair value – this volatility provides the best recipe for making a return. Institution dominated markets are boring.
• Taxes – The government has decided to lower the tax for the majority of people, then again how many people in Thailand actually pay tax? They state there are some 10 mn tax payers, the last time i saw statistics I clearly remembered that only ~2 mn filed their taxes and ~1 mn actually had salaries high enough to pay. Anyways here are some figures. In theory who benefits? Consumer co’s, 7-11?
• Telco’s – Article 44 came out and spanked the NBTC into setting the next spectrum launch on the 27th May. So DTAC doesn’t look like they’ll participate (even though they could comfortably raise equity and join the party but telenor seems to be far more focused on Myanmar and India for now) AIS should take it unless TRUE decides to raise more capital and dominate the industry, also DTAC announced their earnings on Friday evening (SET) and they look awful but a clever man told me “look at their ARPU for post paid customers it’s the highest in the industry, how much would you pay to take those customers away from DTAC?” Perhaps THB 75 bn isn’t a too much to pay to take 50% of DTAC’s customer base.
• Larry Fink Chairman’s Letter to Shareholders (Blackrock) Most Chairman letters are rather good for falling asleep to, but at least here theres a decent section “Changes in the Investing Landscape” Not nearly enough attention has been paid to the toll these low rates — and now negative rates — are taking on the ability of investors to save and plan for the future. People need to invest more today to achieve their desired annual retirement income in the future. For example, a 35-year-old looking to generate $48,000 per year in retirement income beginning at age 65 would need to invest $178,000 today in a 5% interest rate environment. In a 2% interest rate environment, however, that individual would need to invest $563,000 (or 3.2 times as much) to achieve the same outcome in retirement.
• Now to show the other side to this argument would be the from the wonderful J. Stiglitz (Project Syndicate) where he writes ” Simply put, most firms – and especially SMEs – can’t borrow easily at the T-bill rate. They don’t borrow on capital markets. They borrow from banks. And there is a large difference (spread) between the interest rates the banks set and the T-bill rate. Moreover, banks ration. They may refuse to lend to some firms. In other cases, they demand collateral (often real estate).”

[Johnniey]

SCB Securities have only a few branches with trading rooms. Maybank Kim Eng is the largest Broker and I have been trading with them for the last 20 years. They have branches all over Bangkok (even at BTS Stations) and the provinces. Correspondence is in English and you will have an English speaking personal broker, even if you are buying yourself with an online account.

http://www.maybank-ke.co.th

Do you buy shares from companies that are on the FTSE?

I just called some guy there who couldn't tell me if I could.

What a hassle trying to buy some shares in a British company!