Skip to main content

Investing in a post-Bhumibol Thailand

Bloomberg recently ran a lengthy and insightful article on Thailand and concerns of societal unrest in the event of long-reigning monarch King Bhumibol's death (Hat tip: Controlled Greed).

Of course, man on the scene & investor Marc Faber (a regular Bloomberg TV guest) is quoted in this article and offers his take on Thailand's share market and the opportunities present for long-term investors. Here's an excerpt from that piece:

"Amid the chaos, some investors see opportunity in Southeast Asia’s second-largest economy behind Indonesia. As of July 7, Thailand’s stock index had surged 30 percent this year compared with a 0.8 decline in the Standard & Poor’s 500 Index. During the same period, overseas investors increased their shareholdings by a net $621.4 million after being net sellers of $4.8 billion in stocks last year.

Publicly traded companies in Thailand are trading at just 11 times estimated 2009 earnings, making them the second- cheapest in Asia after Pakistan. They currently offer a dividend yield that averages 4.7 percent compared with 3 percent for U.S. stocks and as little as 1 percent for Chinese equities, according to data compiled by Bloomberg. That makes Thailand a buy, says Marc Faber, who manages $300 million in Asian shares at Hong Kong-based Marc Faber Ltd."

If you're interested in the history of Thailand, or would just like to read about global investing opportunities, have a look at the full piece above.

Related articles and posts:

1. Marc Faber on US, emerging markets - Bloomberg/Finance Trends.

2. Fiat money and hot money flows in Thailand - Financial Sense.

3. Marc Faber on Thailand, markets - Finance Trends.

Popular posts from this blog

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean ...

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4. ...