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  1. #1
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    SET chief warns investors of bubbles in some stock trading

    SET chief warns investors of bubbles in some stock trading


    SET chief warns investors of bubbles in some stock trading


    วันอังคาร ที่ 09 พ.ย. 2553


    BANGKOK, Nov 9 – Stock Exchange of Thailand (SET) president Charamporn Jotikasthira on Monday warned investors to invest in the market with caution, saying there are bubbles in the trading of some stocks.

    He said the SET composite index had surged rapidly and surpassed the 1,000-point level because Thailand’s economic fundamental is strong, returns on investment in the stock markets are higher than saving returns, and foreign capital continued flowing into Thailand, particularly in the past 3 months.

    He conceded prices of some stocks are higher than they should be. Bubbles are seen in trading of some securities.

    So, he advised investors to invest in the market with greater caution and to seek additional information from securities analysts because the market runs the risk of plunging if foreign investors took profits and withdrew money from the country rapidly.

    However, he affirmed the overall market had not experienced such bubbles.

    Regarding a possible move by the government to collect taxes on the capital inflow to slow the baht appreciation, the SET chief said he had not yet discussed the matter nor did he believe that capital flowing into the stock market would be taxed.

    Rather, he said the tax measure would be taken in the bond market because capital flowing into the market is as high as Bt250 billion while that in the stock market is around Bt60 billion.

    Consequently, should the tax measure really be acted upon, it should have a temporary impact on the bond market, not the stock market, he added. (MCOT online news)
    "Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simón Bolívar

  2. #2
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    http://www.bangkokpost.com/breakingn...o-take-caution

    Korn warns SET investors, be prudent
    • Published: 12/11/2010 at 11:51 AM
    • Online news:

    Finance Minister Korn Chatikavanij has warned investors in the Thai stock market to be cautious as foreign speculators may suddenly withdraw their profits from the country.

    "The liquidity in the system is high. It is normal for the stock index to rise due to higher profits earned by listed companies, but investors need to be prudent if the index rises because of strong capital inflow," Mr Korn said on Friday.

    He said shareholders and executives of listed firms should take advantage of rising stock values and strong foreign capital inflow by attracting this capital into long-term investment through options such as raising funds to improve performance and reduce economic costs.

    "The challenge for the Thai economy and the government is to direct the inflow of capital towards long-term investment," the minister said.

    He said Thai Airways International's stock was previously 13 baht per share, but after the company turned capital into fixed assets by purchasing new planes the price rose to 32 baht.

  3. #3
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    There have been quite a few stocks doubling up or more recently, some with atrocious fundamentals. The money people have turned SET more so than normal into a printing machine, since Thailand is actually doing well in relation to legit global concerns, and in any case they can more blatantly get away with 'legal' manipulation in SEAsia than in the West.

  4. #4
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    Internet Trading on SET for Foreigners - $120,000 salary required

    For those interested - here is what it takes to be eligible to trade on the SET via an Internet account (in this case Siam Commercial Bank). Perhaps someone has posted this - but I searched and didn't find it. Basically, you need to be earning (and prove it) circa USD 120,000 annually. Then you need to have a pre-paid escrow account with them of course.

    ** Foreign retail customers only

    Service conditions:
    Payment condition: Prepaid only
    Commission Rate: 0.15%

    For more information: SCBS Online Call center at +662-949-1234, e-mail
    of total trading value (online), minimum charge 53.50 baht
    scbsonline@scb.co.th , or visit our website at www.scbsonline.com

    Required documents for opening an internet trading account (stocks)
    1. Completed “Application Form” -- sign where marked and fill out all sections in
    Sign here

    2. Two certified copies of the passport

    - A certified copy of bank statement (minimum balance of Baht 1 MB) or;
    document of financial support, choose only one of the followings:

    - A certified copy of income payment slip (minimum monthly income of Baht 300,000) or;

    - An investment draft payable to “SCB Securities Co., Ltd. for Customers” (minimum of Baht 300,000, other currencies will not be accepted)

    3. Cash of Baht 30 for duty stamp fee, foreign currencies accepted (please refer to the exchange rate at www.scb.co.th/index-exchange.htm)

    4. Three certified copies of SCB savings/ current account’s passbook or statement (if any) with clear account owner’s full name and the account number.

    (etc..)
    My mind is not for rent to any God or Government, There's no hope for your discontent - the changes are permanent!

  5. #5
    The Dentist English Noodles's Avatar
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    Quote Originally Posted by StrontiumDog
    SET chief warns investors of bubbles in some stock trading
    He must be spending all that money Michael Jackson left him.

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