Industry, Economic, General SET

PaulRen's picture

Risks in owning stocks, amplified in Thai shares.

There is only one thing which makes a stock price go up, more buying then selling.  There are many reasons for a stock price to drop, or even collapsing. In this article I address some of the real risks which come to mind…yes it’s a minefield and -alas amplified with...

PaulRen's picture

The Thai stock market is at crossroads.

At mid year 2023, the Thai stock market is at a major crossroad, will the bad take over the good?  The seemingly entrenched status quo is not helping.

PaulRen's picture

As of mid year the glass is half full. 3 dire concerns. But a silver lining.

As of mid year 2023, the glass is half full as things look a bit more settled.  3 dire concerns I chose to address here.  But conclude with my long held silver lining, if you dare to get beyond the macro troubled reality.  "Investor jewels in the rough".

PaulRen's picture

Thai Stocks performance overall since 2014, is dismal.

Since the current Govt. took over in 2014: if you strip-out DELTA & GULF (2 speculative counters with stratospheric p/e's of 78 and 45) , the SET has done terribly (say around -6 to -7%) over the past 9 years.  During a time USA and other stock markets have doubled, index wise. While...

PaulRen's picture

Is relationship vs. competence banking/good investor advise, now coming to an end?

Is "relationship banking", as opposed to competence, integrity & objective professional investor advise, stalling?

As a young business student at the University of Wisconsin in the 1970’s, I was made aware of an interesting publication called the “Wall Street Transcript” (WST). It was an A5 size large thick printed paper with perhaps...

PaulRen's picture

Relationship vs. competence investor practices.

So called "Relationship banking" vs. competence investor practices too often reign in high-tower offices.

Many global financial centers like say Singapore/Zurich/Geneva foremost practice what is called relationship (vs. performance) banking, and it reigns!
Mostly so because of course its difficult if not impossible to predict

PaulRen's picture

Thai IPO's haywire. Another example.

Master Style Public Company recently IPO's at 46 Baht.  You had to decide between Jan. 17-19th if you wanted any. Yuanta was the broker.  Yet, the selling memorandum was not posted on the SET until Jan. 24th.  Here is the link: (link is external) Hence a rational investor was in the dark about...

PaulRen's picture

Thai SET dominated by the punters/speculators.

SET fails rational investors in reigning in the day-trading speculators on being lame on taming (like they do on other companies), the most active punted stock here.

PaulRen's picture

Always sell when in a bubble. Avoid Thai IPO's for now.

Lots of crying here now by many angry global investors whom failed to nail profits last year when US lead stock/bond markets were clearly exuberant.  Surely its up to investors to at times demand some selling when mkts. are in a bubble.  Regardless of the investor objective. Not just await the...