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XGM
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Posts posted by XGM
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15 minutes ago, aldriglikvid said:
Wrong way to think about it, think about engagement:
Shareholding per capita is below 5% in Thailand, and approx 50% in the US. Put differently, it's hard to find someone in their 30s or 40s in the US not invested and doing research of the US stock market - opposite here. It's rare. Not to mention lower valuations. Less competition and lower valuations.
Secondly, analyst coverage here per company is about 1/10th of US dito.
Can you demonstrate how low valuations are advantages? if the valuations are low due to the factors you mentioned why would that change in the future? Buy low P/E, sell low P/E. However, if dividend yields end up being higher then you got a point here. Is this the case?
Regarding analyst coverage, the more eyes there are on a company (not only eyes, but mouths demanding answers from management as well), the better the transparency is. How is poor analyst coverage a positive thing for anyone other than insiders?
To clarify, I don't necessarily disagree with you but it's interesting to see how to substantiate that. I guess what you mean is that the higher centralization of market players results in more inefficiencies?
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1 hour ago, aldriglikvid said:
The great thing about the Thai Stock Market is that you have zero to none global and local competition to stockpicking, so there's ton of money to be made. 0% Capital Gain tax for us locals and only 15% dividend tax.
I agree the market is interesting. Regarding no stock picking competition though, how do you determine that? From SET site it seems that about 50% of the activity this year came from foreign investors.
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On 8/17/2023 at 8:40 AM, Arkady said:
"Yes, but in the case of someone who is not born Thai, Customs require a copy of their passport of original nationality."
I wonder what she'd say if you explained the original nationality was of course renounced "in line with the act"
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21 hours ago, GarryP said:
I was considering opening an Interactive Brokers account, but reading these posts, it makes me wonder whether I will be able to transfer money to an IB account from my Thai bank accounts. All my funds are located in Thailand and I don't have any overseas bank accounts. I did not realize that transferring money overseas as a Thai citizen would be an issue.
IB have recently added a "Transfer from Wise Balance" option to fund accounts (last option in the link below).
https://www.interactivebrokers.com/en/support/fund-my-account.php
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On 8/15/2023 at 2:43 AM, khongaeng said:
Taxes, accounting fees, visas, WPs and everything included will cost you about 4000 EUR per year to open and maintain a company (based on my own experience)
Mind breaking it down to specific items?
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If it feels offensive, I'd either present a very perplexed "I don't understand" face or continuously ask, in the utmost polite manner, different versions of "but why". Using a very calm, innocent and respectable manner disarms them.
With 6 guys in, the last thing the driver wants to do is to waste time.
There's a limit though to the amount of time I'm willing to engage in that though so if I'm in a hurry and another songteo showed up then the driver'd get his 10 baht and I'd be on my way.
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2 hours ago, thailandsgreat said:
Weep hai noi kaap.
Weep is pronounced like this. It is written with thai f but I wonder if Thai people don't often use p at the end?
Yes, "wef" is how Thais would pronounce "wave". Thais don't switch "F"s to "P"s at the end of the word.
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2 minutes ago, Yellowtail said:
Do they not always ask? All I ever have to do is shake my head yes or no.
I guess some do and others don't.
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On 7/24/2023 at 7:49 AM, thailandsgreat said:
For some reason I wasn't understood when I today asked to heat food in 7/11. I then asked in English how a Thai person would say it. A lot of misunderstanding and chaos erupted before they told me I should say "weep pai noi kaap".
Just use the word "wave" (short for microwave) as a verb. "Wave krup" or "Kho wave krup" (a bit more polite).
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In the past there was such a feature, very convenient when repeating recent transactions, either with the same amount or a different one. Sometimes it was available and at other times it wasn't (looked kind of random, I never managed to figure out in which cases). Recently, this feature is absent altogether. Anyone else has the same issue? solution?
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5 hours ago, Neeranam said:
We got in at the right time for sure. I applied Dec 2017 and got my ID card Dec 2020. ????
Kind of discouraging that a total of 3 years from application to completion is now considered amazingly fast...
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On 1/31/2022 at 6:04 AM, DrJoy said:
Sure they will speed up for you , when u pay THB 500,000/- (Hard Cash)
@Arkady
@yankee99
Reading this, I wasn't sure if it's a joke or not (I now realize it was). BTW, didn't read it as a bribe, programs such as Elite Visa charge millions per piece for example, so who knows. -
50 minutes ago, DrJoy said:
@onthemoon is waiting from April 2020, 3yrs + wait
She has just applied this year, at this rate you can imagine when she may be called for an MOI interview !
I recall you mentioned somewhere that they expedite it for 500,000 baht. Was that a serious comment or a humorous one...?
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On 7/25/2023 at 4:04 AM, khunPer said:
apart from functions as a board member-director.
I believe acting as a director might also be deemed as work and require a WP, strictly speaking. As for only owning shares in a company, of course, no WP required.
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@Arkady Understood. BTW is there a difference in processing time between applying using the PR route vs. the marriage route? And to follow on that - for those who don't have PR, is there any advantage of any kind (not necessarily time related) of applying for that first and then applying for citizenship? I guess that in the event of a divorce an application based on marriage will not be worth much - does being a parent of a Thai child change that?
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On 7/21/2023 at 1:04 AM, onthemoon said:
MOI received my docs in April 2020. I was told last year that I should expect to be interviewed early this year.
Is that kind of timeline normal now?
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On 7/20/2023 at 9:22 AM, Arkady said:
Although my application category was later changed to PR, when I first applied I was classified as married
That's interesting, could you elaborate on this? what was the reason for the change and what was the procedure for that?
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On 7/19/2023 at 7:15 PM, khongaeng said:
Supposedly you are supposed to get 5 points if you are on a house registration for 5 years, but they did not give me those points even though I was on a yellow book for 5 years. You do not need to be registered for a minimum amount of time (if you are married to a Thai). I think the points in the residency section are geared towards Permanent Residents.
Got it. If I had any thoughts of getting registered and waiting 5 years to apply - not any more.
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28 minutes ago, Arkady said:
A useful exercise is to read the Nationality Act in Thai with a translation at hand to note down all the key words. Since this vocab is repeated over and over in the text, it will eventually sink in as you read.
Great practical advice, thank you.
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2 hours ago, DrJoy said:
If not married to a Thai, you have to sing Thai National Anthem, Royal Anthem from memory, in a clear precise tone.
I am married to a Thai, but since I am not registered in any Tabien baan I want to explore any other possibilities to gain more points. I speak Thai on a daily basis for many years but my vocabulary is rather limited to the topics I normally discuss. I don't know how to evaluate my level. It is way higher than what the average expat can produce but that's not really a very high standard to compare oneself to. As for reading, I can read short and simple texts when I am familiar with the vocabulary (knowing the context helps a lot as well). Absolute zero in writing.
I don't know the anthems but I assume that shouldn't be terribly hard to learn with some help. -
14 hours ago, Dogmatix said:
Re level of Thai required it is intermediate level Thai. You need to be able hold a reasonable conversation and answer questions. If you are applying without a Thai spouse, you need to be able to sing the National and Royal anthems unaccompanied and handle an interview of about 10 minutes by yourself at the MOI- if married to a Thai your are interviewed with your spouse who may help you. Reading and writing is not required but you may offer to do the reading and writing tests to get more points. Knowledge of the Thai language is only an absolute requirement, if you don't have a Thai spouse but it is hard to get through the process without being able to communicate in Thai at all and you may need the points allocated for Thai language.
Anthems: should the applicant sing it all "from memory" or can a piece of paper with the lyrics be used?
Reading and writing tests: are there example texts / questions available anywhere to get an idea about the difficulty level?
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Is there a summary of the current requirements and the main steps that one needs to go through? the specifics of the points system for each type of criteria, level of Thai required to gain this or that amount of points, salary (I see that this point was actually covered in a recent post) etc?
Undoubtedly there's tonnes of useful information in this thread but reading through 270+ pages is challenging. -
Keep all the incorporation documents, company's "nangsue lablong", VAT registration and basically every document apart from ongoing day to day operations. Originals. Make your own backups. With some initial assistance, it is really not that hard to know what's what.
I also recommend going over the monthly documents as well - withholding tax forms etc. Those forms may appear illegible but they are the same each month so you only need to learn the structure once.
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On 6/30/2023 at 10:59 PM, Neeranam said:
It's worth getting the Yellow Housebook, that some farang call Tabien Baan.
By getting that, and some other things, I got a Thai ID card.
I assume you mean gaining points for citizenship application. Will be interested to hear more. Did you post your experiences here? I noticed a long 2007 thread of another poster on this topic but I guess things might have changed since then.
Thai stocks
in Jobs, Economy, Banking, Business, Investments
Posted
My questions were indeed very basic and yet you did your best to dodge them. Low valuation is advantageous when the inherent reasons leading to it change at some point during your investment horizon. If they don't, the valuation isn't "low", it's "justified", and from an investment perspective - useless. Justified by who's opinion? by the market's opinion, and that's all that matters. Now if you could demonstrate higher dividend yields for example, showing the valuations are indeed objectively low, then you might have a leg to stand on. No numbers were shown to support your claim.
So, low valuations - not substantiated. Next.
Then, instead of any supporting facts, we got a writeup showing an admiration to the US financial sector. Anyone with any idea at all about the nature of this business knows the function of most financial analysts isn't to discover any hidden value but to generate as much business as possible to whatever financial institution they're working in - namely - commissions and management fees of all stripes and colors. I hate it break it to you but the income of investment banks and most other financial institutions doesn't come from superior returns but from client fees, a decades long fact summarized by the famous question "where are the clients' yachts??" (google it). Indeed if you put your trust in Bank of America's or JPM's buy and sell recommendations you are better off buying the Nasdaq or whatever equally random action you wish to take. And if you are not aware mutual funds rarely ever beat the market after fees then I suggest you do go back and do some serious research.
Now let's talk buy-side analysts, hedge funds, and others that are indeed in the business to find value. One could claim they are not active in the Thai market and leaves a lot on the table. Sounds nice, but as my first reply here showed you, in actual numbers, that foreign investors are a very significant part of the Thai market. And we are not talking Joe from Ohio or Jane from Mississippi. Those are foreign financial institutions, American, European, Asian and what not that move about 50% of the monthly market turnover. Yes, they are here. It may come a s surprise to you, but they are indeed very much aware the Thai market exist, and the point of looking for value in such emerging markets isn't lost on them. No, you are not the first to think of it, I am truly sorry to disappoint you. JPM, CS, UBS, and more have taken the pain to become actual registered members of SET due to their large activity, and many others are active without being members, using foreign and local staff to analyze local equities, with infrastructure and resources you do not posses.
So, low competition - not substantiated. And even if you have a point here, you as a foreigner have an inherent disadvantage due to language barriers (the issue the OP seems to rightly struggles with) but more importantly since you'd be the last to know what goes on, after all the insiders have acted. With any apparent advantage due to lower competition you'd still need to fight a uphill battle with the disadvantages of a less transparent market that has poor coverage, almost of all of in Thai (if you still don't see how this is important, I suggest you go back to the beginning and read again).
Bottom line - as I mentioned, we deal with facts and numbers here. Not fiction. You haven't shown any, and I doubt you can. I guess it's due to your limited time to engage ????