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Annual Membership at Thaistocks.comDear Thaistocks.com Visitor! Here is proprietary, independent and unprejudiced research on Asia Emerging Markets Investing. Members: you are registered already, just log on.
The second half of 2009 is likely to be a continued recovery time on the still oversold Thai stock market. Not the least due to: 1) a more stable Thai political situation and 2) a far less reliance business climate around recession USA & EU, then say as compared to China. 3) Stronger not weaker earnings picture. The Thai stock market has already demonstrated this by not reaching new lows in March/April '09, like other major markets did. As I wrote to members in April "To me there are some signs of seing a light at the end of the tunnel". While years ago I have here written occasionally on the crazy leveraged path USA was going down, I never subscribed to the view that the US dollar will crash or even weaken much as many others predicted. At mid year 2009, and inclusive of the crissis, the US$ has still been the relative "surprise" strong money around the globe. I wrote for members in April this is about to change to slow US$ decline -and this will be the caveat which will turn emerging markets back-up. Thailand much included. This is now happening. The coming $ weakness will be the likely trigger to a turn and might well come before one sees "the light at the end of tunnel". As investors jump back in, most of the big gains will be made by the "early brids". April 1 '09. I view the SET index having the ability to test the 1000 mark in 2010. June 27 '10 I view th In a world where interest paid on savings or bonds remain ever low. It is now more important then ever to own Asian tiger strong business fundamentals -along with their high cash dividends. While awaiting the turn in global economic activity June 4 '09.. Thai growth companies as I chose them recently declared 10-12% in annual cash dividends. These firms are likely to keep growing faster earnings' wise, as compared to the domestic and global economy. Many Thai growth stocks here have an impressive long term established dividend record and many are now benefiting from the large drop in global oil -besides steel and other prices. "Thailand's capital markets must continue to develop to help serve as a counterweight to the banking sector as a funding source for the private sector. Bank credit here accounts for as much as 90% of GDP, versus the SET (local stock exchange) market cap. is just 79% of GDP". Thai Finance Minister Korn Chatikavanij. *** It is just about a no brainer that much of Asia will rise back faster post the Western induced financial tsunami! Foreign institutional investors have all but sold-out their Thai share holdings, so on December 7th 2008, I here called for a market bottom. Thaistocks.com out-behaves the brokers. We have no conflicts of interests. We are unaffiliated and do not do business with the companies we analyze -and so we are impartial. My reports are objective as they are ethical with only your interest the investor in mind. In the US the average annual dividend yield on stocks is around 3%, compared to their 10 year US Gov. bond, which yields barely above 2.5% (as of March '09). In Thailand, the 10 year Gov. bond yields 3.5% recently, and yet the average dividend yield on our universe of favored stocks is around 12%, on current mkt. prices. Is USA fiscally and economically in that much better shape so to warrant this huge difference? What about future growth rates? Many agree Asia has a much higher potential as past long term growth rates -and this is likely to continue post the current world housing/finance/banking/investors mess. The US or EU will see negative GDP in year 2009, so will Thailand. But Thailand will recover much faster in 2010. Low oil and other commodity prices are positives for select industries we follow here. This translates straight to the bottom line through increased net profit margins. Members find out here which stocks I now most favor, this after another round of company visits. March 25 '09. There are some 6-7 trillion Baht cash on demand just sitting in local Thai Bank saving accounts, if even a small amount of this money moves into higher dividend paying stocks, a huge Thai stock market re-assessment can take hold. With more stable Thai politics in place now I expect year 2009 to be the year more local Thai's invest in the stock market here. January 10 '09. Stocks over time move up and down with earnings and dividend more then anything else. I have a current list of strong favorites which so should perform very well into year '09 and '10. This due to still solid earnings fundamentals, low debts and zero US consumer or sub prime exposure. Besides this, sharply dropping commodity prices now on world markets are increasing profit margins on my favored selections. Since April 30 1997, we have at this leading web site published regularly -and without interruption- over a thousand different original viewpoints/articles/company visit reports etc.. -along with researched stock investment ideas, various model portfolios, analysis, critiques' and much Thai nuance investor intelligence. ♣ "Expertise, credibility, objectivity, experience and integrity have been the standard here. My core selections, new ideas, company visit reports and model portfolio selections -all are updated in vigor for members... I strive to deliver excellence with timely ideas, long local experience and Thai market savvy, well beyond broker or news reports. "I do not circulate here nor copy broker research, all material is my own. Members can follow first hand my own investment strategy, model portfolios, selections and opinions. Not advise. There are frequent member forum postings answered in 24 hours all delivered in a state of the art electronic publishing platform. Unbiased research is here derived from 2 decades on location experience. Paul A. Renaud. June 4 '09. To know more about us: please click on the link on the left "About us". For membership information, click here To contact us: please register first then click the link "contact us" shown on the left hand side to registered users. Best Regards and welcome to the experienced & unbiased insights of thaistocks.com, Thaistocks.com SA. Original count since April 30 1997: Q-Ray To view Palm Hill Vista Villa Estate Phuket Thailand, click here: /index.php?module=pagesetter&func=viewpub&tid=2&pid=216 NewsIntroduction: An brief introduction to Ts.com -what we stand for and offer.A short letter to our first time visitors. Here is a general introduction and summary of membership -and a bit of who we are and what I stand for. April 30 '09 will mark our 12 year anniversary! Industry, Economic, General SET: On Thai Stocks, wake up to the MAI index.MAI stands for Market for Alternative Investing, but the reality is that it has stood for superior investments, and I think this theme will continue in year 2008. Wake-up and smell the coffee is my message going into year 2008. Here I review some of the raw stat's on the MAI as the year 2007 comes to a close. The numbers tell it all. Company Visit: Demco, the company visit.Here is my full report for members on the Demco company visit. As exactly first published on February 14 ’07, for members only. One month later we made this report available for to all viewers. Demco soared well over 60% in price since, at which time I started viewing this selection with a "take profits". Recently this stock corrected back to below 5 Baht, where I visited this company in person again in mid November 2007. The full and complete update on "Demco Act 2" is now on hand, as posted here for members only on November 24 2007. Demco’s business is a growth industry and one for many years to go, as electricity demands are ever more used & complex, and in all kinds of new applications. This company should so benefit for years to come. The company now is making some meaningfull synergistic expansions... Introduction: Institutional feedback given by other professionals.Here are some short comments which were given unconditionally to Paul Renaud when asked if they had anything to say about us. Of course, no comments or feedback has been omitted nor changed from this inquiry.Introduction: Thailand Stocks, a brief introduction.June 30 '2008 So called 'top down' investing, as practiced vigorously by the global institutions has been in full swing in emerging markets for more then a decade! This practice has given rise to immense and continuously increasing stock market pricing inefficiencies. With global interest rates at low levels, and recently reduced even further due to the horrific US home mortgage fall-out, individual investors here in Thailand and around the World are rightly so catching on. The mid to smaller companies are the long proven premium choices: as these overall often have more stable stock prices, much higher cash dividends and well above average earnings growth. This is a complete reversal as compared to the U.S. or Europe, where larger companies are associated with stableness besides attractive dividends. Thaistocks.com has here documented since 1997 how one can achieve superior returns by being underexposed in the largest capitalized Thai shares and over exposed in value growth stocks, with high dividends. Seek deep values along with high dividend yields and growth rates, not high trading volume levels. This theme is the long proven superior investment performance method. |
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Thaistocks.com - the objective information & research site on investing in the Stock Market of Thailand since April 1997. Thaistocks.com SA 25 Avenue De Bude 1202 Geneva, Switzerland. "Devoted to growth, low valuations and high dividends" Contact Us - All rights reserved. Sitemap |
Recently the dividend yields of companies in the MSCI EAFE index (which tracks stocks in developed countries in EU, Australasia and the Far East) averaged around 5%, vs. 3% for USA's S&P 500 index. Dividend yields on smaller Thai growth stocks, as we find them here, bring double this return! My universe of chosen picks here often have near double digit current dividend returns and good expected future growth rates. June 27 '09.
e current Thai stock market valuation still low. A value investor buying opportunity around selected key choices which promise to produce good earnings in the still tough economic enviroment. 
Paul A. Renaud.