Stocks discussion No. 4 - 2018
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posted by scrt4u @ Monday, April 02, 2018
10 Comments
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10 Comments:
Welcome to "Stocks discussion No.4 - 2018". Please post your questions or stock picks here.
I was right to sell most of my stock here in a last week or two.From my point of view and experience (24 years on stock markets),SET and Mai will go much more down.So,I am only in some PF and REIT-s now and have only a bit THREL(2500).Reports for 2017 was mostly worse than year before for the most com. here and that many Q in a row.Good thing that THB is strong ,so I can buy USD or EUR or some other currency pretty cheap.I will stay sideline from now-on.This market is going only down.If drop 20-30% more,I will see.
This market does look weak, I have been on the sidelines and cut loss on small positions for the last month now, but luckily offloaded large positions in EA when it was sky high above 60 baht. It is fast approaching the lowest price that sold for last year but will take wait and see approach. Aqua has been a headache and sitting on a net loss of 60k baht but at the current low price is it really worth to sell it? I have been in contact with Aqua company secretary regarding the AGM and he pointed out to me that one reason for shareprice weakness is that the fugitive top shareholder has been offloading his shares the last 6 weeks.
Just curious Jon if you offloaded Aqua why not offload ITD as well given it is down nearly 40% and has a CEO and top shareholder under investigation for illegal acts?
Strong down today again.I think steel industry will plunge very much and some bankrupt.Banks are falling as well,same as industrial stocks and construction.Financials are doing not good as well.It seems that bad numbers we will see again for 1Q 2018.Stay sideline now.Only in some PF and REITS.
Hi,nice to hear somebody comment on AQUA ,) thats a very good reason for the price to be down. ITD,I still hold but nothing close to the amount i had invested in AQUA and the main guy is still in town and not on the run yet ??.,)
I raised 3 million bht in cash before the drop also ad if it wasnt for 2 typos in the last 3 minutes of trading last week,there would have been another 500k more.
So it sounds as if we all did something right ,)
So ime not looking o jump in anytime soon unless SVI gets close or lower than bht4 as this STK always looks after me and the sell signal came as soon as the brokers were advising a buy and all the other crap that they are paid highly to say ,)
Some nice divvys to come and my biggest profit earner on paper (i never count until sold)ESSO is holding up fine against the bears and my divvy will be 16 per cent on the price that i am in.So no plans to sell as it still looks cheap ???sts i have and a nice slice of cash.I only missed PM on the selling (profit) list last week cos i forgot to put NVDR.
So its a case of wait and see and the timing is fine for me as ime travelling around Cambo Laos and Vietnam over the next 6 weeks starting Monday,so i can sleep easy and enjoy,whichever way the SET go,s.
Speak later TTFN Jon
I predict on Monday ,we will get slip more on SET.In a fact,it seems now to me that SET ,leading with banks,financials,tech ,construction ,industrial ,steel,ship com. can slip more 10-25% in a short term,MOST Mid and Small Cup.Some food stocks as well cos. strong THB .If trade war deepens,Chinese cheap products cam "flooded" Thai market with cheap prices .Only tourism and some food stocks and few energy stock and PF and REIT-s look pretty good for a me right now.Only big infrastructure projects and some IPO-s can push market in other way,from my point of view.
Stay sideline from now on.Cut my trade activity more than 95% now and will wait.
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Just back from vacation. Arghh.... the jetlag. The older you get, the harder it is to rejuvenate =D
I did a quick skim through today on most stocks on the active radar, only 2 out of 40 I would even consider buying. But these two stocks are high priced, so the risk is high, but atleast the direction is still upwards, so I'll ride this one for a few days to a week max. The rest is just wait wait wait. Most drop worst than I thought, like Kbank, even at this price, not even attractive to me at all. Glad all of these happened during the vacation. I only held infrastructure funds when I left. Didn't move much, boring as usual, just collect 6% dividend every quarter. However, I am not impressed with the nav for 2018, the growth is only like 3-5%, way too close to inflation for my liking. So I will slowly unload and sell them daily, probably take 5-10 days. The only one I'm keeping and adding would be BTSGIF, this one still looking good and growing. Other shopping mall REITS are just not as attractive as they used to be.
My view towards Thai stocks at the moment is negative and un-attractive. Will not buy in 1-2 weeks time. However, other south east Asian stocks are attractive to me and a few US stocks as well. Will enter when given the opportunity of an end to the downward direction.
Nobody post for a long time?
It is very hard to trade with profit now.I cut almost all my position pretty much.Very hard to find good and cheap stock now with good risk-reward ratio.Still believe in some PF ,but some REIT-s and PF can be pitfall as well.Report 1 Q season is on the way,but not much hope about better numbers.
This thread is closed. Please move to "Stocks discussion No.5 - 2018"
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