Annual Membership at Thaistocks.com

Dear Thaistocks.com Visitor!

We here deliver regular no-nonsense investment viewpoints focusing around qualitative on-location proven experienced insights, rather than quantitative number crunching analysis, from afar. I continuously visit in person Thai SET/MAI listed companies since 1989." Paul Renaud.

Members: you do not need to register, just log on.
Users: to see previously for member-only and various other articles, register for free now. Jewels in the Jungle

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Since April 30 1997 we have at this leading web site published regularly -and without interruption- over a thousand different original viewpoints/articles/company visit reports etc.. -along with researched stock investment ideas, various model portfolios, analysis and much Thai nuance investor intelligence.

♣ The Thailand MAI stock exchange president, Mr. Chanitr Charnchainarong, CFA, on Jan. 9 '08, visited Thaistocks.com all morning. The MAI stands for "Market for Alternative Investment" and lists many smaller capitalized Thai companies. Last year the MAI stock index performed twice as well as the Thai SET benchmark index. For a summary of MAI's impressive 2007 performance, see this link . Thaistocks.com is proud to have long foreseen that in Thailand smaller cap value investing produces superior returns. Recently a focus on MAI listed Thai shares has been wise, as they overall are the performance leaders -and I likely to remain so.♣

To view MAI Stock Focus company information, click on the M: M

To view MAI Stock Price quotes and more, click here on Q: Q ♣

"Today I wish to post a "buy now view" idea on LVT (1.39) as this company has a great product and is finally turning around. I think they will report convincing 1 Q. results before this month's end. Consider this my 10 year anniversary idea. Insiders have been buying the NVDR's...." From a member article posted on May 9th '07

For a decade many of you have seen the sort of Thai stock market objective, intelligence and independent opinions we here regurlarly publish. The track record is as long as it is substantial (see link on the left called "Track Record"), most of all: its unbiased as we are un-affiliated.
For various free original articles from the past please see further below, or click on the left side link called "Article Topics" . You must register first.

Expertise, credibility, objectivity, experience and integrity have been the standard here. My core selections, new ideas, company visit reports and model portfolio views -all are updated in vigor for members". Paul A. Renaud

Many smaller capitalized high dividend paying, so called value shares, are all too often ignored by most local traders & foreign and local institutions and this is, strictly and only due, to their smaller market capitalization. Yet as shown here since 1997, these "investor jewels" have overall been superior performing investments for years. The high dividend yielding, mid and small firms represent the true & competitive Thailand. Most are growing faster then the SET average Thai company and yet trading at lower then the local average market P/E ratio..

For a free article explaining our basic theme, please click here

Investment Professional devoted to Growth, Low Valuations and High Dividends.

Benefits of membership to our professional service include:
-- Long here proven track record on delivering often winning Thai stock investment choices, value investment choices. Stock investing always has risks, but as is here demonstrated over time, my chosen investor theme/style and picks has has done rather very well.
-- Participate in our high quality member web lounge where seasoned investors post value added comments, questions, refreshing or alternative view points, disagreements, or broker/industry nuance & complaints and suggestions.
-- Regular, timely and all original articles all posted myself often around Thai stock investment driven actionable & timely ideas. I inform our members instantly when a new article has been posted.
-- Short questions posted at the member lounge are answered by myself within 24 hours. Modern Bangkok

-- The tracking of a model portfolio with regularly posted performance updates. (See "Track Record" link on left).
-- Professional & experienced feedback on all issues, topics or problems experienced by Thai stock investors which are members. Specific investor advise is however never offered.
-- Mini-course on the Thai Stock Market. 10 pages, one page per session. After taking this mini-course you obtain a good general idea about Thai stock market investing and its nuances -and so will know more then most here about the long term wealth building with our investment style.
-- We are a Watchdog for individual investors.Looking out and reporting on potential broker or company biases and/or other industry abuses .
-- Original & research reports & views obtained from regular in-person company visits in Bangkok, then shared with members.
-- Unbiased, independent professional view points on location and reporting on all aspects around Thai stock market investing with near 20 years of experience, right here. Searchable data base on some original and unaltered 1000 past articles.

Fact is, most astute global individual investors are often best off to invest directly with a local domestic broker -in the country they like. This rather then go through their own home based non-Thai broker. Some advantages are: reduced trading commissions and rarely any fees for dividend collecting or rights offerings etc.. And the currency conversion is done at the time of allocating the capital, not back and forth each time. Many investors from around the world have reported hitches in expense and execution of Thai stocks from brokers not based in Thailand. Dividend Obsessed

Paul A. Renaud, March 23 '08.

"I haven't calculated my return on the thaistocks.com subscription fees, but it must surely be obscene.... Well, you are building up extra karma. Without a doubt you provided the most profitable info and viewpoints of any such service or broker I have ever used Mahalo for your service". As two members recently wrote us.
To see a recent company visit report click here

I believe investing in stocks is like owning a share in that business. We pride ourself on experienced and professional honest regular viewpoints on location, which are not biased nor altered in any way or by anybody. Here there are no inherent conflicts of interests here and I am not afraid to share what I currently believe, while never giving specific investment advice.

My long experience here adds significant value & fresh ideas to ones' own chosen investment strategy and decisions. Selection of companies reviewed are solely based on investment merit -and I then track its performance and update for members as time goes on.

Thaistocks.com never engages in specific investment advice. Thaistocks.com only expresses Paul Renaud's own & timely and regular opinions and viewpoints - straight as he sees it. At this site I have demonstrated again and again, that often if you get beyond the business news and fancy broker research solid investment options can be found on the Thai stock exchange! Thaistocks.com sharing on this since 1997 is the accumulation of that achievement.

The historical investment record is as long as it is impressive, here take a look for yourself. Many of you have followed and monitored my views for years and so saw first-hand that there is much to be gained through a membership. Some of the best investments since 1997 have been high dividend yielding mid and small cap's which truly represent the real Thailand. This is my forte and I provide a regular flow of ideas on this winning investor theme.
Since the global and local trend in brokerage transaction commissions are ever lower, objective individual company research by brokers is often, understably, ever more elusive. Local brokerage research routinely ignore some of the best investment values, as we show since 1997. It is the nouveau astue investors'' own responsibility, to get well beyond just the broker reports and pay for unbiassed reports by proven professionals. You should at leat re-invest on independent research on what you save with the in recent years on lower broker commissions.

To consider a TS.com membership click here

Thaistocks.com is a top quality state of the art publishing web site, updated several times a week. We have a caliber member forum "lounge" where sophisticated investors regularly share their own viewpoints, concerns, industry knowledge and valued insights - all adding to the member knowledge bank.

I answer all member questions and have and will report on industry abuses or nonsense. If a member has a problem I will investigate and here report and publicize his/her experience, if so warranted. We have no affiliation of any kind and so are only member committed!

Our search engine and article categorization allow for very easy navigation of our vast past and present material. Comments can directly be inserted into any article. Screened and pre-approved outside objective analysts can make postings directly - and many other state of the art tools are readily at hand.

All past material is remains here posted in its original version, with no alterations, changes ,censorship or omissions!

I regularly visit in person Thai listed companies and their factories. I take a "gloves off" approach and then make my own proprietary intelligent reports, for members. While all of us can draw wrong conclusions at times, the record recently and since 1997 shows regular winning selections.

"Firms with higher growth, lower risk and higher payout ratios, other things remaining equal, should trade at much higher multiples of earnings than other firms". Investment Valuation, by Aswath Damodaran Published in 2002 by Wiley Finance. Yet on the SET this is precisely not so. Most smaller & mid cap stocks have considerably lower then market volatility, higher dividends besides higher growth rates. And yes, lower p/e ratios.

Mr. Montree, Kim Eng's chief executive further said recently: "The SET index is highly influenced by a number of volatile large cap stocks. Unlike in developed countries the large cap stocks are among the most volatile". Kim Eng is Thailand's largest broker by market share.

I remain dividend and value obsessed and view stock market investing performance from a medium time point of view, say 1-2 years. Long term investing is an active process demanding regular but not over attention, surely it is not a "buy and hold" forever passive endeavor.

The goal and demonstrated achievement since our inception here is creating sustained long term new wealth. Frequent trading for added profits along with unclear investment objectives & tools is not wise and too often the commissioned broker is the one most rewarded. Trading is a on-off proposition as so called stop loss orders are not available on the SET.

While year 2004, 2005, 2006, 2007 and so far 2008 have been difficult on the Thai stock exchange. Yet, I was able to show again how to beat the markets averages with some superior individual stock ideas, much favored here. Like example (TRC, DEMCO, LVT, UEC, UMS, TICON, SPALI, SAT, and various others). Recently TRC moved up over 100% after I visited this company in person and then viewed with a strong buy expression to members at mid year '07. Similar with UMS, UEC, SAT, LVT...all solid choices here of recent. TICON has been stale and SNC was the disappointment of my picks recently. I visited all these companies in person and more; then report my findings to members. Since I found other winning selections for members to take a look on April 2 '08

"I strive to deliver excellence with timely ideas, long local experience and Thai market savvy, well the beyond broker or news reports. I do not here circulate nor post broker research, all material is my own. Members can follow first hand my very own investment strategy and selection viewpoints and based on company interviews in person." Paul A. Renaud, March 21 '08. For membership information, please click here

Best Regards and Welcoming you as a new Member!

Paul A. Renaud.
www.thaistocks.com
"devoted to growth, low valuations and high dividends"

Thaistocks.com SA.
25, Avenue De Bude
1202 Geneva, Switzerland
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Paul A. Renaud
from Morgan Stanley, USA
to over 18 years on-location analyzing the Thai stock market.
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www.thaistocks.com
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Q-Ray

News

Industry, Economic, General SET: On Thai Stocks, wake up to the MAI index.

MAI stands for Market for Alternative Investing, but the reality is that it has stood for superior investments, and I think this theme will continue in year 2008. Wake-up and smell the coffee is my message going into year 2008.

Here I review some of the raw stat's on the MAI as the year 2007 comes to a close. The numbers tell it all.

Company Visit: Demco, the company visit.

Here is my full report for members on the Demco company visit.

As exactly first published on February 14 ’07, for members only. One month later we made this report available for to all viewers. Demco soared well over 60% in price since, at which time I started viewing this selection with a "take profits". Recently this stock corrected back to below 5 Baht, where I visited this company in person again in mid November 2007. The full and complete update on "Demco Act 2" is now on hand, as posted here for members only on November 24 2007.

Demco’s business is a growth industry and one for many years to go, as electricity demands are ever more used & complex, and in all kinds of new applications. This company should so benefit for years to come. The company now is making some meaningfull synergistic expansions...

Introduction: Thailand Stocks, a brief introduction.

April 30 '2008

So called 'top down' investing, as practiced vigorously by the global institutions has been in full swing in emerging markets for more then a decade! This practice has given rise to immense and continuously increasing stock market pricing inefficiencies.

With global interest rates at low levels, and recently reduced even further due to the US home mortgage fall out, individual investors here in Thailand and around the World are rightly so catching on.

The mid to smaller companies are the long proven premium choices: as these overall have more stable stock prices, much higher cash dividends and well above average earnings growth. This is a complete reversal as compared to the U.S. or Europe, where larger companies are associated with stableness besides attractive dividends.

Thaistocks.com has here documented since 1997 how one can achieve superior returns by being underexposed in the largest capitalized Thai shares and over exposed in value growth stocks, with high dividends. Seek deep values along with high dividend yields and growth rates, not high trading volume levels. This theme is the long proven superior investment performance method.