June 28 th 2020. Thai stocks endured a substantial sell off, as most everywhere else when the CV19 hit by mid March. Stocks sold off on margin calls -and panic. With Thai's health care system superior as compared to many other countries, record low interest rates' likely to persist besides some shares cash dividend yields at 4-6%, compared to the Thai 10 year Govt. yield at barely 1.3%, I in mid March turned maximum bullish right at the major market bottom. Days later published my new "bottom fishing" model portfolio -to contributing members! Scroll down at this front opening page, and see the blue ink -and then click on "read more". Then, in early June, I here posted to member to take profit and ended my model which by then was up 32% vs., the SET up 26%. Today, Thailand seemed to have conquered the CV19 virus, but just about killed its economy in the process.
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Thaistocks.com is an intelligent investment club delivering unbiased, objective & professional viewpoints since 1997. INTEGRITY IS MY COMPETITIVE ADVANTAGE. Through this media since April 1997, I have shared proprietary professional viewpoints, articles, over 100 in-person company interviews with managing directors. Here is added value investor intelligence on all aspects to successful long term investing. In early 2017 I turned increasingly Thai stocks frustrated -and so bearish. But the massive SET drop of in mid March, was a "game changer"! May 22th, 2020. After turning max bullish in mid March (see just below) with the SET now up some 30% since, I am today turning more cautious, not least due to broad earnings downgrades starting in the 2Q -and as I perceive the market likely now ahead of itself. Bravado yes on its ability to abate the CV19 virus, but alas at the cost of a serious economic decline, lead by the collapse of the important tourist industry.
March 14th, 2020.Some Thai stocks have now become an investor-bargains, much worth considering.
Only due to the SET market surge and most investors getting in wrong last March I dare today to nail profits, at the 2 month anniversary, just when things get back to some kind of normalcy. But not really, as the Thai economy has taken a horrific blow. It remains...
With some spare time on my hands and the ease to update, along with further movement on the SET since last updated, I here post the latest interim updated model as of 11AM this morning, May 27th. The only stock I have taken profit on to date is CHAYO at...