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If you choose to join Thaistocks.com as a non-contributing member, you will have access to a number of our resources, past insights and other benefits of joining the TS club by becoming a Registered Free User.  To get started, just complete the process outlined below.

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Contributing Member

We are very pleased to offer two upper tier memberships for those individuals who wish to upgrade their status on Thaistocks.com in order to enjoy the benefits of being a Contributing Member.  We have a six-month membership for €340 (Euro) and a one-year membership for €630 (Euro).   We accept PAYPAL as form of payment.  Both memberships can easily be renewed at the end of the subscription period. Before joining the club, we ask first that you provide a brief introduction about yourself and interest in investing.  Click on the link below and follow the directions.

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Frequently Asked Questions

If you have a question that you want all members to see, this is the place to ask it. If you prefer a direct answer, email Paul at paularen@gmail.com

Company visits are an essential part on getting in person, on location qualitative insights vs. quantitative analysis from afar.  Company visits in person allow for the personal connection and evaluation on how conservative or not, the firm is.  This along with other nuances impossible to asses by phone or through research.  With my US/EU/ASIA long multicultural background I can also attempt to assess the likelihood of legitimacy, integrity and more around the company and its management.  But it would be a mistake to conclude that "the more visits the better", as one only needs a few good ideas a year to make a big investor performance difference...too many visits can dilute or even confuse all this.  Also, sometimes a company which is not so good but getting better can be a good choice discovered through a visit,  vs. a great company (at high valuation) which may be loosing part of its allure can be a less attractive investor choice.  Lately as an example Apple Computer seems to be at this stage, loosing near 30% of its value over the past year. (May '15 to May '16).

Sometimes a visit can result in the wrong impression or outright being mislead...or getting too close.  A risk I have found over the years to be a delicate balance requiring long experience.  I mention at the outset to any visit always conducted in English that I operate on an international standard and will point out at my website any misleading statement...as I do and have in the past.

We have now updated and vastly improved the auto-mail function -and its working great.  My new website has additional features for sending auto-emails that have been enabled.  Any member can opt-out of these emails if they so chose.

Some past articles are free to all registered users but the best & timeliest along with the model porfolio's and the member-forum are available only to contributing members.  Where member contribution helps amortize our costs here.  

I deliver regular added-value timely independent analysis and expertise. The contribution made to join our club should be viewed as a likely smart investment to actionable ideas and know how around the Thai SET.  I have over 18 year documented track record here and an over 30 year professional stock market investor background, including having been for over 10 years an liscenced broker in the US.   Combined my stock ideas very often outperform the local SET benchmark index.  

For example Ticon a stock I much "pounded the table on" in late October of 2005, 18 months later it trippled in price.  DEMCO, SITHAI, TRC, WHA, PYLON, UKEM are just a few outstanding performers I reviewed long before most Thai brokers.   Of course not all my picks work out and stocks do fluctuate in value.  I always advise to diversify any stock portfolio.  The sum of the total has a long record of superior performance well worth the contribution. This is attested in that over 98% or our members stay on, year after year after year.  Yet as always, a past good records can never guarantee future results.

It's 0.25% of the amount of stock bought or sold in Baht, or a total of 0.5% for the round trip on a buy/sell transaction.  (Plus the 7% VAT tax on that commission). Sometimes there is a minimum commission on smallest orders.   If you trade on line with a Thai broker, the transaction commission can be as low as 0.15%.  Beware that Thai stocks bought/sold outside of Thailand often have much higher broker transactions costs. (Commissions).

No, unless you want a bank to act as your stock custodian for holding your shares. But we do not believe this is required nor necessary for individual investors. All your shares are held by the Thai Deposit Center, not the broker (TSD). If you chose an online trading account the commission is only 0.15% per transaction.

No.  Brokers here are called "Marketing Officers". You should be assigned a OK to good English speaking person, and often have a University Business Degree. Their Research Reports, Monthly Broker Statements, and Annual Reports, are published in fairly clear English but this varies much from broker to broker. Any instructions to buy/sell shares can be given via fax, phone, or in some cases e-mail or even e services like What'sApp.  Most all brokers have on-line trading.  You best test their system to see if you like & understand it.  As everywhere, its always most important to enter every buy/sell order very carefully & clearly so to avoid any mistakes.

Because these are too often in the often over-rated service sector like Banks & Energy; not exports, tourism or domestic consumption and manufacturing which Thailand is most competitive at. Most larger capitalized stocks are relatively expensively valued and pay less dividends. However since year 2001 we have pointed out a few select large capitalized stocks as well. As example we picked Banpu at around 18, its worth 22 times of recent. Recently CPN and PS were featured as well as JAS. However, we prefer select smaller cap shares as they are often undervalued, have faster growing earnings and pay higher dividends. Why should smaller capitalize Thai growth companies sell at the discount to the market p/e? Even while they pay higher dividends and have higher growth rates.

True, most good things come with some effort and skill and sometimes inconvenience.  Depending on your investing appetite, you may have to bid-up some stocks to a higher market price, just so to get a larger size.  Or alternatively be patient by just nibbling away to accumulate a good position, or sell out an existing one.  Yet for most individual investors here liquidity is not really a big issue.  Again, you don't have to buy/sell all at once.

Time and time again we see how once a a stock is discovered trading volume (liquidity) often soars!   If you are patient and can be happy to collect a dividend while you wait, selling later at some point is rarely a problem.  When buying a few smaller value shares consider this as one position. That way you have diversified the so called unsystematic risk.  Members quickly see from my reports & company visits how truly many interesting companies there are here.  And how well overall over time they have performed so well.  Only about 70-90 companies out of over 500 listed companies here are followed by the brokerage research community.  Some 320 or moe are totally neglected and some are true "diamonds in the rough".  If you are obsessed with reasonable valuations and future above average earnings growth, as we here are, you will want to look well beyond the "top 50 SET" stocks!

Often this is true, but in Thailand many mid-size and smaller sized (mostly desirable manufacturers & exporters of basic products, domestic consumption), are trading at a still fair valuation despite strong earnings growth prospects and/or being the leader in their industry.  This is mostly due to dogma 'top down' institutional investing which has created an artificial and huge, mis-pricings. Lower market correlation and high current cash dividends are additional factors reducing the level of risk to any rational global investor. As a group these have combined often outperformed the SET indexes for years.  Yes, even in USA Dollars as recently the Thai Baht has been a stronger currency!  For some more on this topic see past performance link External Research.

Because institutions have strict mandates (rules) which prohibit them to invest in any stock, unless they its shares trade US$ 1-3 million per day. This often means if a Thai stock does not trade 1-3 million US$ per day, it's not even considered. This is an enormous restriction in an emerging market like Thailand and so virtually creates a "hand-cuff" enviroment on the best values. Hence most institutions do not own the true values in SE Asia stock markets. I have often called this "behavioral mispricings".

Sometimes yes. Its a more lazy way to invest.  But in SE Asia, restricitive factors have created a distorted local stock market and progressively so for over a decade. The hard-working mutual fund investor/clients, mistakenly believe they are getting an ownership in hard-working and industrious Asia.  Instead, due to severe fund investment restrictions on liquidity, fund clients/investors are buying indirectly only the very largest capitalized firms too often ignored faster smaller capitlized companies. Hence to many it pays to be more investor pro-active and through Thaistocks.com, you can find and learn about many value stocks in leading industries which pay dividends all along.  But you got to go beyond the brokers, the funds and most biz news!

Over the years I've selectively point out larger stocks as well.  Yet long observed the often smaller faster-growing companies are better investment choices over time -as I know how to pick them.  Good folks, unsuspectingly through various funds, so invest in only large(st) capitalized Thai stocks;  this can be a big investor mistake.  SE Asia's success is mostly about manufacturing, tourism and exporting.... For cultural reasons well explored in a book called "Trust," by Francis Fukuyama, in Asia its often the smaller companies which excel.  This is due, in part, to culture and history; just the opposite of what is mostly sought and chased around by the big global mega (size constrained) instructional investors. Such often have no choice but to invest only in very large trading and capitalized shares.  With the SET well below 1400 currently I can see some good values in select mid cap. stocks as well.

I continuesly show how to beat the SET index through regularly published 6 month model portfolios which are accesable to contributing members only. We show the returns over time of these at our front page, year by year since 2003. I here would loose all credibility if this was not in fact documented to our members. Overall 2007 has shown substantial returns for our members, far in excess of the SET averages and while 2008 was a set back its been superior performance year after year, especially year 2012, where DEMCO's, PYLON and STPI prime selections here, soared 120% in value as of year to date Oct 1 2012.  Since publishing these portfolio's the returns over a dozen years demonstrate a near 30% annual performance, on average.