SET Watch: The Thailand Stock Market thread

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SET Watch: The Thailand Stock Market thread

Post by buksida » Tue Jun 11, 2013 8:45 pm

After a few months breaking record highs the SET dropped like a rock today shedding 75.92 points, or 4.97%, to close at 1,452.63.

An outflow of reserves as foreign investors took profit and shifted back to US markets was blamed for the slump:
http://www.bloomberg.com/news/2013-06-1 ... mover.html
http://www.bangkokpost.com/business/new ... hai-bourse

Thought I'd start a thread on the Thai markets as it interests me and maybe a few of you traders also. Anyone hazard a guess at its next move?
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Re: SET Watch: The Thailand Stock Market thread

Post by Ginjaninja » Tue Jun 11, 2013 9:14 pm

Glad to see money leaving the country and flooding in by all us gullible falang....

Are there any investors on the forum who trade in Thailand?

GN.

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Re: SET Watch: The Thailand Stock Market thread

Post by buksida » Wed Jun 12, 2013 11:48 am

Yep, that's why I started it - doesn't seem to be any others though.
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Re: SET Watch: The Thailand Stock Market thread

Post by icebear » Wed Jun 12, 2013 3:09 pm

I am trading since 95 on and off. Started when the stock market went to 1400 (approx.) and dipped to as low as 250 (approx.).

The advice for the next 3 months is to sit out the squabble concerning the change of parts of the constitution and the ever talked about amnesty law during the month of August.

If you invest now go for high dividend stocks such as Advanc, Dtac, Kbs, Ttw, just to name a few.

There is a few bahts to be made compared to the fixed deposit rate.

Also one could look at buying 'debentures' such as 3 months ago, SANSIRI (offering just below 5% interest, payable 4 times a year for 5 years.

Another interesting fund traded through the SET is: CPNRF offering at todays price over 7%.

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Re: SET Watch: The Thailand Stock Market thread

Post by Ginjaninja » Wed Jun 12, 2013 3:40 pm

Icebear,
I'm a complete novice at shares and have only been trading for a year now. With my U.K. sharedealing account I don't think I can trade in the S.E.T. As a foreigner; are there special requirements to setup an account or trade through the S.E.T?
What do you call a high dividend stock? 5% return?
Many thanks,
GN.

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Re: SET Watch: The Thailand Stock Market thread

Post by STEVE G » Wed Jun 12, 2013 3:46 pm

Yes, I looked into it a while back and at that time I couldn't find a major international broker who would let you trade the SET online, I don't know if that has changed recently.

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Re: SET Watch: The Thailand Stock Market thread

Post by jingjoe » Wed Jun 12, 2013 4:43 pm

How do you research thai stocks?
Are there any newsletters or companies who analyse the individual shares such as "motley fool" in usa,aus and singapore.
Any recommendations for brokers.
As i live here fulltime i would like to have a portion of assets in this country to give me a hedge against currency fluctuations

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Re: SET Watch: The Thailand Stock Market thread

Post by icebear » Thu Jun 13, 2013 11:09 am

I'll try to answer the questions mentioned.

You need to open an account with (Tanachart) for example. You cannot trade from outside Thailand, unless you have set up your account. They then assess your financial situation and give you a daily trading amount. I think we'll started with B 700 k and are now up to 1.5 mio.

I am also trading through an internet bank in Europe. Therefore, I have to live screens open when I trade.

The account have to be in your wife's name, otherwise you'll forfeit the dividends. When I started in 95 I couldn't receive the dividends for about 3 years.

The news regarding stocks, ROI,EPS, etc. you'll access through: www.set.or.th or www. settrade.com. You also receive every day per e-mail the news and recommendations from T. When you are a T. customer you'll have access to their offices and computers and the girls are assisting you and give you tips, as they get commission.

Dividend yield: B 100000 invested at 5%, equals B 5000 minus the div. tax.

I trust I have covered the queries.

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Re: SET Watch: The Thailand Stock Market thread

Post by buksida » Thu Jun 13, 2013 11:38 am

You can also by market linked mutual funds through many of the local banks, I've been using Krungsri:
http://www.krungsriasset.com/en/

Some of them pay good dividends too, maybe time to stock up the SET one now that it has tanked and there is a fire-sale on Thai stocks at the moment!
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Re: SET Watch: The Thailand Stock Market thread

Post by icebear » Thu Jun 13, 2013 12:31 pm

Maybe this article is helpful:

(if MODS think it is not appropriate please delete it)


Five proven steps to online investment in equities
THE NATION June 13, 2013 1:00 am

Looking for the right opportunity to fatten up your piggy bank? With the SET Index advancing by more than 15 per cent this year, the Stock Exchange of Thailand may well be your answer. So why do many people still park their wealth largely in bank saving accounts with low single-digit annual yields?
The concept of investing in stocks is still foreign to most Thais, with fewer than 300,000 active accounts trading in the entire market. However, more and more Thais have taken an interest in becoming an online investor. Two years ago, Internet accounts represented 49 per cent of all trading accounts.

Convenience and cost are the main drivers of this trend. Online, investors can trade any time, anywhere with a connected device - laptop, smart phone or tablet. The interfaces of these applications are designed to be very user-friendly and accommodate various types of commands.

Online trading also allows investors to enjoy lower commissions - 0.15 per cent instead of 0.25 per cent. No more calling your broker every time you want to submit or change an order, saving you time and expense.

Want to start investing online? While stock investment certainly carries more risk than savings accounts do, there is a set of proven steps you can take to become an astute online investor.

Step 1: Know where to find information and study it. There are plenty of resources out there to view current and historical stock data. While reading, you will encounter various financial metrics and jargon. Spare some effort to understand the terminology and you will have that much more confidence in investing. Our hint is to start with www.set.or.th/onlineinvestor.

Step 2: Create your stock wish list. This is the list of your favourite stocks based on the fundamental analysis you performed in Step 1. In forming this list, it would be wise to compare your picks with the top picks from experts to fine-tune your selection.

Step 3: Prepare entrance and exit strategies. After knowing which stocks you want to invest in, figure out their buy prices. In this third step, technical analysis becomes handy. A basic understanding of market prices and volume will help you recognise chart movement patterns and design your enter and exit strategies.

Step 4: Practise trading. Before your first trade, try executing orders in a simulated environment. You should familiarise yourself with the screens and menus in the trading applications. This will save you from inputting erroneous orders, which could cost you money, a common rookie mistake.

Step 5: Open an account. Once you are ready, sign up for an account. Not all securities firms offer the same services and expertise, so you should talk to representatives and select the right fit for you. The process of opening an account usually takes just a few days.

Sounds complicated and cumbersome? It really is not.

The SET will host "Online Investor Fair 2013" to educate and assist the general public interested in investing. This year, the event will be held from June 27-30 on the first-floor Eden Zone at CentralWorld in Bangkok. This event serves as a one-stop service for you to perform all the five steps above - and much more.

Throughout the four days, representatives and gurus will hold workshops, teach techniques, hand out materials and even simulate a market for you to practise trading. Certified professionals from 24 leading brokerages will be present to take your questions and guide you through your investment journey.

Miss this event and you'll have to wait for another year. Miss this bull market and you may regret it for a decade. Hesitate no more and catch the trend.

The Stock Exchange of Thailand contributed this article.

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Re: SET Watch: The Thailand Stock Market thread

Post by jingjoe » Thu Jun 13, 2013 5:46 pm

good info,cheers i will definitely attend the fair at central world

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Re: SET Watch: The Thailand Stock Market thread

Post by buksida » Sat Jun 15, 2013 9:12 am

Stock plunge 'temporary'
Experts believe fundamentals will bring buyers back to the market
The Thai stock market should "stop the bleeding" soon after the selling spree by foreign investors ends and the true attractiveness of the economy and of private companies shine again, financial authorities and market observers said.

The Stock Exchange of Thailand bled heavily over the past three days, losing 125.28 points, or 8.2 per cent. Yesterday's close of 1,403.27 points was up only 0.81 per cent from 1,391.93 at the end of last year. Against this year's peak of 1,643.40 in May - which was the highest level in 19 years - it has lost 14.6 per cent.

http://www.nationmultimedia.com/busines ... 08285.html
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Re: SET Watch: The Thailand Stock Market thread

Post by Roel » Sat Jun 15, 2013 11:24 am

jingjoe wrote:good info,cheers i will definitely attend the fair at central world
Be aware that most likely all the info will be in Thai language only.
We are all living in 'the good old days' of the future.

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Re: SET Watch: The Thailand Stock Market thread

Post by buksida » Thu Aug 08, 2013 7:36 am

SET ignores politics, rises

Despite intensifying political turbulence, the Thai stock market shrugged off the psychological effects on Wednesday, while the tourism and retail industries are more concerned about a blockade of the business area if the situation turns violent.

The Stock Exchange of Thailand index resisted negative sentiment, gaining 0.04% or 0.6 points to close at 1,429.99 in thin trade worth 30.3 billion baht.

Foreigners sold 2.27 billion baht more in shares than they bought, with retail investors net buyers of 1.41 billion.

The index bucked the regional trend as most Asian stock markets plunged on reports the US Federal Reserve's tapering of new money may begin next month.

Anti-government groups have staged rallies since Sunday demanding the government withdraw the amnesty bill from House consideration.

The government insisted on moving forward with the first reading Wednesday.

The market opened down 10 points in the morning session and then moved sideways throughout the day on the possibility of violence.

It rose slightly in the afternoon session as protesters were limited to the area near Government House, with no sign of violence.

The market has absorbed negative factors all this week, with daily trading value plunging below 30 billion baht.

Full Story: Bangkok Post

Thought: Don't think the rise will last for long, especially if the protests kick off.
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Re: SET Watch: The Thailand Stock Market thread

Post by buksida » Sat Dec 28, 2013 12:32 pm

Thai bourse ends volatile year 6% down from end-2012
The Stock Exchange of Thailand wound up a very turbulent year yesterday.
After hitting a 19-year high at 1,643.43 points on May 21 thanks to foreign-capital inflows, the SET Index ended the year 6 per cent lower than the end-2012 level.

The market suffered the most this month, buffeted by capital outflows and political turmoil at home.

The SET Index ended the year's final day of trading at 1,298.71, down 0.74 per cent or 9.75 points from 1,308.46 on Thursday. This was down by 108.74 points or 7.72 per cent from January 2, when the SET Index closed at 1,407.45, up 15.52 points from the end of the year 2012.

The index plunged as low as 1,275.76 points on August 28.

Yesterday, foreign investors remained net-sellers, with sales outpacing purchases by Bt716.25 million. This pushed the year-to-date net sales to Bt193.9 billion.

The market was supported mostly by local institutions and local individual investors who were net-buyers. Their net-sell positions this year reached Bt108.02 billion and Bt87.46 billion respectively.

Sukit Udomsirikul, Maybank Kim Eng Securities (Thailand)'s managing director and head of research, said investment in the SET would continue to face a hard period in the first half of 2014. It will face risks from both local political uncertainty and the US Federal Reserve's reduction of its quantitative-easing policy next month. The US move will have a direct impact on the global money market.

"We forecast the SET Index in 2014 moving between 1,218 and 1,749 for an average of 1,500 points," he said.

This estimate is based on an assumption of economic growth of 3-5 per cent, export growth between 5 and 8 per cent, and the political row ending in the first half of 2014, he added.

The Investment Analysts Association cut its 2014 SET Index target to 1,534 points amid concerns over local politics and an economic slowdown, as well as the Fed's stimulus roll-back, IAA director Poranee Thongyen said.

This downward revision indicates the local stock market's upside is limited, while the SET Index is heading for its first annualised loss since 2009. It is also based on expectations of the country's economy growing by 5 per cent in 2014, she said.

Source: The Nation
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