Stock buying deals in Bangkok
The Thai stock market entered the year with a loss of 5% and the baht is at its lowest level in 4 years. As an expat living in Thailand, you don't have much to grumble about the euro versus baht exchange rate ratio. And complaining is something that is already created in the body of the Dutch at birth as a kind of gene.
Investors can now make their move on the Thai stock market because the lowest level in eighteen months has been reached. The political turmoil is having quite an impact on foreign investors and investors. The warring parties apparently hardly realize how much damage they are causing.
As a foreign investor you will first scratch your head before investing in Thailand. Over the past year, investors have turned their backs on Thailand as a result of the political unrest. They sold a whopping $6 billion worth of Thai stocks.
Opportunities
Real stock market gurus think that the lowest point on the Bangkok stock market has been reached and there are opportunities to generalize a nice profit. Scottish asset manager Aberdeen Asset Management was busy last week buying shares on the Bangkok stock exchange.
Aberdeen's fund manager Adithep Vanabriksha believes that the political crisis will be resolved peacefully and that the stock market will rebound. It remains to be seen whether he is right, because Thailand is getting it economically because of all the political problems.
But as is known: results achieved in the past are no guarantee for the future. Good luck!
Take a gamble
If you still have some money in hand, you could take a chance on the Bangkok stock exchange to achieve a nice return in 2014.
Source: Financieel Dagblad
“Investors can now make their move on the Thai stock market because the lowest level in a year and a half has been reached.”
KPN, once stood at about seventy euros. So at 40 euros it was at its lowest price since 1 1/2 years. Half a year later, KPN was at 30 euros, the lowest price in 2 years. Six months later at 20 euros, so at the lowest price since…etc. Moral: you never know where the end of such a slide is until you get off it. Wanting to buy something because it has never been this low is just a completely wrong reason.
And obviously those 'real stock market gurus' have no knowledge of technical analysis. Because according to that technical analysis, things are looking bad. The price has just gone through a support and the next support is at 1100, so we're definitely going there.
(guarantee up to the door)
PS. Oh yes, and for those who want some fundamental substantiation: Thailand is almost bankrupt due to, among other things, the guaranteed rice price for the farmers. A debt they cannot pay and a mountain of rice they will never get rid of. A scheme for subsidies for buying a car, which is now getting many people into trouble, a nonsensical campaign to give all schoolchildren an i-pad also costs a lot of money, and there are countless things like that. it seems like the PvdA here: spend money but don't have to get it in first.
If trading stocks and moving on stock exchange floors becomes a matter of "taking a chance" I wouldn't start it. If you call stock trading gambling, you have not understood the principle of investing. A Thai fund manager for a Scottish investor also does not know where the bottoms lie in current uncertain times. Technical analysis calculates a probability only if conditions remain the same. You cannot say that about the Thai situation. The guarantee from the past that you can get is that “hold” is the best strategy for the time being. The SET is far from resting. Nevertheless: if you want to create value with shares, you should focus on the very long term. And certainly not to trade on the stock market in the sense of buying today, in the hope that the price will be better tomorrow. Those who want to gamble and lose their money can go to the many casinos (on the internet).
It's all as laconic as if it's a pig in a poke
Stock exchange gurus ??? one person says this, the other says 1000 different opinions if not more
It's nice if you put in some money with a group and invest it on the stock market, but to say to really invest then I would think a little longer and wonder who in your circle ever has a lot of money. earned. Leave it to the professionals, don't let yourself go crazy and enjoy your pension or whatever money you have here. And moreover, when messages like this pop up, the top has been off for a while, then a number of people have already earned the money and there are still some crumbs left.
Dear Joseph,
I myself have been working in this market for over 25 years, but a few comments:
1. The Thai baht is at the lowest point against the US$ not against the Euro
2. The past few weeks it was Christmas and New Year and almost everyone knows that in those days a low
conversions on the stock exchanges and price manipulations can take place.
3. The Set50 fell 5,67% on Thursday and 0,5% on Friday
4. One of the largest parties => Japan was closed in recent days
5, I do not believe in a peaceful outcome of the political problems because it is precisely now that the knives are turned
Polished.
6. Sometimes thought that a Guru is spreading a message in the market because he still much in Thai
market has.
7. I believe the Thai market will come back, but then we'll be a few months further.
8. In the coming week we will see whether normal turnover returns and how the prices react to this
9. The protests will start in Bangkok next week
These are just details but I would take them into consideration before jumping into this market.
The Set 50 is now + 0,50% but as you know “1 swallow does not make a summer”
I'm going to Thailand in 6 weeks, I have acquaintances there, it would be smart to get a Thai bath now, thanks in advance Piet
Dear everyone,
firstly sawadi pi mai.
I am a hobby investor on the Dutch stock exchange in Dutch stocks and options, and have been interested in the Thai stock market for a long time.
Anyone have an idea how to approach that from the Netherlands?
Through which bank can you trade in Thailand?
Can you trade in Thailand as a falang?
Anyone experience this?
Greetings from Josh
There is an ETF focused on Thailand. Via the American stock exchange (meaning 2x exchange rate…) http://finance.yahoo.com/q?s=thd
RBS has a Thailand certificate, with the SET50 as the underlying value.
But the underlying asset is still quoted in Baht, so you will continue to suffer from the falling Baht.
Me as a simple educated Dutchman, without a university background or the like.
Have been doing savings , deposit investing in stocks , and equity funds , life insurance and so on for years , say since childhood .
That is one of the reasons that I, just an ordinary car technician, stopped working in Holland.
When I was 52 years old.
What I earned monthly net from my boss or employer at that time was spent a few days later as the monthly contribution to the Dutch tax authorities.
This had to do with the annual blue letter about income tax, and previously also the wealth tax.
Now I've been living here in Thailand for a long time, and I'm still working on this matter.
Especially now that the Bath is very weak .
Now is the time to spin yarn.
Jan beute.
Dear Jos, I have been an investor since 1975. You can go to any Dutch trading bank
Buying Thai shares on trading days. Think about the costs.
Purchase and sale costs
The marketability.
Usually a thin trade
The stock has a lot to do before you break even
I warned about the bath in September through this blog
So now I'm back.
I don't buy any Thai stock
For known reasons, do not see an end to the declining situation
Supported by ongoing decline.
I will also come back to this entry at a later stage
Enjoy the sun……..there is nothing to enjoy on the Thai stock market for the time being
By provisional I mean at least 3 months
Or……….you should go short.
Have fun
Theo who doesn't like gurus
Hi Theo,
agree with you, but want to be prepared once it hits there.
Turbulent times in Thailand ……
Gret Josh