On this market latest jolt, what to bargain-hunt invest in?

The Thai stock market suddenly took a tumble, or a jolt as I lately warned could happen.

My view, as long term investor, is to endure the current latest market disorder and if you can focus/buy my new pruned list of growth stocks and other best ideas here they are.   I am very earnings growth confident on my narrowed down newer selections, namely at current prices:  AUCT (7.30), EPG (12.90), BWG (1.83), TPCH (16), ILINK (19.40), WHA (3.08), keep accumulating DEMCO (5.80) if you don’t have enough...I note it was the only stock on my radar screen which tuned up today, with the SET down a further 2.3%.  Of course there are others I like but the above are the ones I would focus/strong buy on this latest market deluge. Nobody knows what the SET index does in the short term nor is there a bell going off at the bottom, but I am very confident the above companies combined will report impressive earnings growth into next year.  High dividends stocks I chose are BJCHI (5.50), DCON (0.61), MAJOR (27.25) and TTCL(19.40) the latter 2 as both decent dividend yielders besides high quality mid cap's.

The investor theme is earning winner stock focused during turbulent times, dividends along with its high visible growth. Its still investor legitimate to be willing to pay up with relative high p/e ratio’s because the enduring low interest rate environment.  High growth deserve to be at a market p/e premium -and at some point before end of 2017 considerably higher prices can be seen on this group.  As always there are political and market sentiment risk here as elswhere but these should lead, once the current uncertainties have worked out.

Last week the Thai market turned down loosing over 6.5%, this fueled heavily by local institutional selling which moved in concert. Today the market sold off more due to Europe opening lower besides the US Dow loosing 400 points last Friday.  The SET for now has lost its bearing and this was instigated by domestic institutions which prompted me to write the following letter to the Bangkok Post, if they publish it I will make note here.  I don't mention the web sites' name here as they never publish this anyway.

Best Regards,

I wish to contribute the following letter to the editor of Bangkok Post, for publication:

In just the past 7 trading days the SET tumbled over 100 points. This as the stats' now demonstrate is most all due to Thai domestic institutional indiscriminate selling which sort of ganged-up and decided to unload all together at once, together. 

Its a disgrace because the many unsuspected individual unit owners of these funds want/decided to own SET shares, not a fund playing around orchestrating a sell-off by raising cash -together all at once!  Unit owners of these funds do not invest and pay fund mgt fees for such destabilizing tactics, bordering on collusion!

When retail investors decide to buy a Thai stock mutual fund its because he/she wants to indirectly own Thai listed shares through that fund, not a fund/institution which dumps shares indiscriminately all at once sort of manipulating the market. This goes 100% against what the funds unit owners want and are lead to believe they get and pay for.  Worse, this destabilizes the SET and undermines investor confidence to all other responsible investors. 

The Thai SET has been on the gradual increase and showed renewed stability of late.  This was mostly brought on via foreign institutional investors buying for months showing confidence in Thailand. All the while, the domestic institutions got left behind -as the published stats show us. So frustrated these to the point of orchestrating the present market panic sell-off, at once in just one week, which the regulators and we all should take note and frown about.

Paul A. Renaud.