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To all who are interested in the stock market:
There is a technical analysis published in Bangkok Post, always on mondays. I am reading it since years, and their predictions, warnings and stop-loss marks are very precise, compared to other newspapers or broker writings.
The current analysis is careful and predicts a possible downturn of the market when the SET 676 - 680 support will not hold. An outbreak to the upside is possible when the SET can break the resistance around 700 - 703.
My personal opinion is that the market will tend to rise, because all the bad news is priced in already, the sentiment should turn positive soon. Furthermore the market usually rallies in the last quarter of a year.
Giotto
Is B Post also useful for beginners who rely on fundamentals such as dividend
yields ,NTA, price to book?
What would be a useful start for a beginner .....banks, hotels or hospitals?
[QUOTE=Member #3173]Is B Post also useful for beginners who rely on fundamentals such as dividend
yields ,NTA, price to book?
What would be a useful start for a beginner .....banks, hotels or hospitals?[/QUOTE]Member #3173,
You mean what stocks would be appropriate for first time Thailand investors?
Giotto
Yes.Is it ok to go for dividend stocks and are dividends taxed to foreigners if
you are actually in Thailand and buy in Thailand? Or do you go for growth or
a mixture of both?
[QUOTE=Member #3173]Yes.Is it ok to go for dividend stocks and are dividends taxed to foreigners if
you are actually in Thailand and buy in Thailand? Or do you go for growth or
a mixture of both?[/QUOTE]Member #3173,
I definitely buy stocks in Thailand, and I stay here. My portfolio contains a mix of all, dividend stocks, shares of turn-around companies, warrents etc. etc. . Shame over me, I have no idea about the taxation of dividends in the moment, my accounting company is preparing all tax declarations every year.
But I sent a mail to my broker and will get that info soon.
Giotto
Stocks can be a bit tricky now when Taksin is gone...before it was easy,I just checked what company the guys in the TRT was owner of ,r there family was owner of and bought stocks in them..never lost...now I don't have a clue,sold most of it earlier this year tho...but will for sure invest again soon..
Finally you got something interesting to read about...:D
Here is some good reading.
[url]http://www.bloomberg.com/apps/news?pid=20601080&sid=afZbkryxvDuE&refer=asia[/url]
I'm going to stick to the American stock markets and hopefully be able to follow them while I'm in LOS. Don't have a clue about what stocks to pick in Thailand. (Have any massage parlors gone public? I'd like to buy the Eden Club ADR) I'm a short term trader and watch the markets here every day in real time. Hope to see some of you guys next week.
Take care and remember to cover your shorts.
Daddy
[QUOTE=Member #3173]Yes.Is it ok to go for dividend stocks and are dividends taxed to foreigners if
you are actually in Thailand and buy in Thailand? Or do you go for growth or
a mixture of both?[/QUOTE]Member #3173,
Dividends are subject to a 10 % "Dividends Earning Tax" if you are NOT subject to income tax (--> work permit) in Thailand. Otherwise the dividend is taxed together with all your income.
Basically same system as in other countries, the 10 % is deducted anyway from the paid dividends.
Giotto
[QUOTE=Killroy]Stocks can be a bit tricky now when Taksin is gone...before it was easy,I just checked what company the guys in the TRT was owner of ,r there family was owner of and bought stocks in them..never lost...now I don't have a clue,sold most of it earlier this year tho...but will for sure invest again soon..[/QUOTE]Killroy,
That worked in the first years of the Thaksin administration, but then - SHIN :) ?
Anyway - where are you going to invest now?
Giotto
[QUOTE=Giotto]Killroy,
That worked in the first years of the Thaksin administration, but then - SHIN :) ?
Anyway - where are you going to invest now?
Giotto[/QUOTE]
Giotto,
Not sure yet,I haven't had a chance to check up the market carefully for 6 months,been outside the country and worked to much and need the money for other investments..... will let you know if I have some good info from Mrs, who work for one of the local stock firms..
Market is up, trying to break the resistance at 700 - 703, lead by the banks.
Turnover is OK, looks good.
Giotto
The SET broke through the 703 level yesterday, on high turnover. The market was driven by banks and some property stocks.
It will most likely now move up to around 722 - 725 before facing major resistance again - and then it gets interesting. If that resistance falls the market is free for a major upwards movement towards the end of this year.
Giotto
The SET broke easily through the resistance at 700 - 703 and stabilized above that mark. Usually this movements are initiated by bank stocks followed by the financials.
In this case we saw some property stock rallying...that was a surprise.
I talked to some property dealers during the past few weeks, and they all expect the property prices to fall next year. Some of them expect a crash-like scenario as we experienced in 1998 following the Asian financial crisis.
If we understand the stock market as an early indicator of future developments of the economy it looks as if property prices will continue to rise, and no serious crash will hit that market. Obviously the lower sales numbers of the past few weeks have had a positive impact on the market - it is not overbought, and there are still enough buyers waiting for good opportunities.
Will be interesting to watch if this trend will continue.
Giotto