Introduction

paulren's picture
                                                 Thaistocks.com is about value & rational investing since 1997. 
            Thaistocks.com is the oldest continuously & original running web site in ThailandApril 30 '2020, marked our 23'rd Anniversary.
 

We are not investment-financial advisors/nor fund managers, just publishers of unbiased & experienced/professional viewpoints.  "INTEGRITY IS MY COMPETITIVE ADVANTAGE".   My message to many of you:  Investor apathy.   Beware in becoming or are already an investor "pre-mortem" or so called Permabear. Where one deliberately most only considers worst case scenarios and so solely see and fear downside in any investment -resulting in never dare taking the plunge. Stuck in investor mediocrity for years, just as so many have in the recent past -and likely in the future.

Thaistocks.com is an intelligent investment club sharing unbiased, objective & professional viewpoints full time, since April 1997.  Through this media I have posted proprietary professional viewpoints, articles, over 100 in-person company interviews with managing directors full time since 1997.  I present added value investor& unbiased intelligence viewpoints on all aspects to successful long term  investing in Thai stocks.  In early 2017, I turned increasingly Thai stocks frustrated -and so bearish.  But the massive SET drop of in mid March 2020, was a "game changer"!    

Why is the US stock market in general doing OK, while (its) economies are not?  Stocks appear overvalued to those whom don't understand stock valuations' are inversely related to the level of interest rates, which have gone to zero or even negative in many developed countries.  Also stocks are driven by liquidity and sentiment which is buoyant in these now dire times, but getting better with a CV19 vaccine roll out.

IF you are interested in pursuing an experienced investors' bargain hunting strategy in SE Asia's second largest economy with shares washed out despite some positives emerging now, feel free to contact me at:  paularen@gmail.com   With over 30 years on location full time engaged in Thai stocks and a professional background, you can see my resume here: https://thaistocks.com/content/about-us-0 

 

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Thai IPO's average year 2018 performance and beyond, are not shown.
For transparency Thai brokers and/or the SET should at regular intervals publish composite average IPO % performance, over time.  Here I tabulated it at -9% return assuming equal IPO Baht investment in all, at the offering price in year 2018.  Yet, this is not representative as some of the best performing were near or impossible to get.  Conclusion on this yardstick, the Thai retail investors did overall poorly investing in Thai IPO's here in year 2018 and 2019 did not look any better, nor does year 2020.  Yet, Thai IPO's, often hyped lack good returns over time.  And its never reported. 
The largest IPO, CRC listed at 42 Baht in early Feb.2020, lost some 25% shortly thereafter -and still trading some 20% lower at year end 2020.
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The changing colors of the Thai stock exchange,  SET.  Participation in the SET by individual retail investors has all but dwindled in recent years.  The % of total trading volume by individual investors used to be around 65 to 75% for many years, but increasingly so this year its dwindled to less than 35%.   Is the SET president or the broker-industry wondering and asking why?  See this SET link where one can monitor the participating percentages, as shown by investor type:
https://marketdata.set.or.th/mkt/investortype.do?language=en&country=US
 

"In SE Asia there are many great stock investor opportunities as the mega institutions only chase large caps. In fact some 70-75% of the Thai economy is generated by smaller or mid-sized companies.  Hence there are real "diamonds in the rough"...and these "taste great and are less filling"... but you will not find them in billion dollar institutional portfolios and rarely advocated by Thai brokers."   Paul A. Renaud. 

Thaistocks.com excels at investor performance over time through the rational and responsible value investing concept  -as seen objectively from a pro's investor point of view. Value investing here means growing earnings per share over time along with high dividends in understandable & what I perceive to be good investments, away from the tourist industry. We are not stock promoters nor punters, never receive any remuneration of any kind from any listed company!  We here in the past published responsible & unbiased viewpoints, uninterrupted since 1997.

As here documented to members all along: the full track record from year 2003 to inclusive 2015.  Since year 2003, I  regularly posted 6-month model portfolio's which can be accessed only by members.  Hence a documented track record as witnessed by all members all along until year 2016.

"I have appreciated your viewpoints this past year and am very happy with the results   Thanks again. I much look forward to reading the most intelligent economic/investment writing about Thailand to be found anywhere in the world.  Especially in terms of the performance of my investments. But also in expanding my knowledge of the workings of the SET."  A Member comment.  

Comments given in the past by professionals:  Click here - 
30 year expertise, viewpoints and independent research -full time- so to help create new wealth through the value and high dividend investing theme. This through my long on location expert knowledge, experience and strong connections in the segment of smaller and medium-sized Thai companies. Thai Stock Exchange is open to foreign investors since 1976.  I know it like very few others here.. despite many traps for some of us its the right and rational way to higher investor returns over time -along with often lower than market volatility.  


We are not stock promoters and never receive fees/payments in any kind from any companies we follow or view positively here!   I focus 100% on what I do best which is finding high dividend stock "gems" and then so shared to our members.  ****   


For 30 on location I have with focus, passion, high ethics and determination excelled giving viewpoints as seen from the Thai stock value investors' point of view..  The many years continued model portfolio's track record -as witnessed by our members all along- is validated as follows: 

 Calendar Years:     2003   2004   2005   2006    2007   2008   2009   2010    2011    2012     2013   2014:

% change each year: 88% (14)%  82%   32%  42%   (40)%  55%  50%  17.8%  45%  (year 2012),  12.8% (year 2013), 37.95% (year 2014)

Simple average, over past 12 years:         34.7 %,  per year.
Geometric average, over past 12 years:   28.8 %,  per year.



Above shown track record is with no financial leverage...no stock shorting or hedging/puts which larger portfolios employ.  I realize, this is "armchair investing" and not necessarily my own, yet it's all based on documented model portfolio to contributing members all along.  Of course future returns will go down and up and there are never guarantees.  Past performance is never a guarantee to future returns and since 2016 smaller and  mid cap stock have overall much lagged the SET index, as I here have started to point already 3 years ago. This lagging has continued well into late 2019.  But the V19 horror has become a game changer and a new order is emerging.

To know more about -and to contact us click Click here - 

Best Regards,

Paul A. Renaud.
www.thaistocks.com
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Paul A. Renaud

from Morgan Stanley USA, to over 30 years on location analyzing the Thai stock market.  

"Devoted to growth, low valuations and high dividends."  " Integrity is my competitive advantage".
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www.thaistocks.com