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thaibutty

Member Since 2008-02-28
Offline Last Active 2012-04-12 15:26

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In Topic: Thai Stocks For Mid To Long Term Investors

2011-07-04 17:15:49

ExpatJ, on 2011-07-04 10:28:38, said:

Looks like good news for those of us invested in Thai stocks: a very positive response in the markets to the red party win- the thai stock market has had its biggest opening jump that i can remember- my portfolio is up 5% in the first hour this morning

Thia baht also strengthening.

From Bloomberg ""The majority victory is a very welcome outcome and foreign investors will come back very quickly," said Frances Cheung, a senior strategist at Credit Agricole CIB in Hong Kong. "It cleared a part of the uncertainty and sentiment will stabilize.""

Too bad that I went mostly in cash beginning of last week, so I missed big gain since mid last week and specially today. However, the stocks which I kept, were all up. Interesting ot note that it was mostly foreign buying that drove the market, while domestic investors were largely selling. As I do anticipate problems in the weeks to come, I am not overly optimistic on the market.
If the PT is going to keep their promise and try to increase minimum wages this will certainly kill the economy and cause major inflation. So I will stay out of the market for now.

In Topic: Thaksin Allies In Thai Election Landslide: Exit Polls

2011-07-03 18:12:09

Throatwobbler, on 2011-07-03 17:54:11, said:

hardy1943, on 2011-07-03 17:34:17, said:

thaibutty, on 2011-07-03 17:21:15, said:

I am really interested to see, how exaclty they want to raise the minimum wages to 300 baht all around the country, without bringing thousands of companies and small business owners into bankruptcy.

You ever been at 7 11 where 3 are behind the counter 1 register open and store full.Pay one good employee 600 and you are still even. Keep on dreaming :lol:

So what you are saying is that PT's policies will lead to massive unemployment.

someone has to pay for all the people who hand out unnecessary paper tickets for park houses. Or the guards with the whistles or the he insane numbers of totally helpless staff in so many places. You think that business owners are going to pay them with 300 baht a day for a totally useless job???

In Topic: Thaksin Allies In Thai Election Landslide: Exit Polls

2011-07-03 17:28:49

themockrat, on 2011-07-03 17:18:44, said:

thaibutty, on 2011-07-03 17:16:09, said:

I am watching Thai TV and it says Phuea Thai did not win a single seat from any province in the South! So much as to all Thais support the reds or Thaksin bullshit. All Thais in the South that I know detest Thaksin and the Red Shirts. Funny enough, that they paid 500 Baht per person and still didn´t get a single seat from the south.
As the southern provinces get far less seats than the north and isaan, it doesn´t change a thing. But still interesting to note.

Just in Thai TV as well. Central and Southern provinces, as well as Eastern Seaboard are all won by the Democrats, while the north and Issaan are won by Phuea Thai. Country is very much divided on this topic.

If the Democrats won the entire South, all of Bangkok, all the Central and Eastern Provices, they must be going for a landslide Democract victory then.

:whistling:

Democrats won the South which gets them a total of around 50 seats. Bangkok is 15, all the small provinces in the central are all just a few seats each. They get more seats there than Phuea Thai.
However, East and North have a much bigger population all together, giving them more seats in the parliament all together. In Issaan Phuea Thai is getting over 100 seats, while the Democrats get 3.

In Topic: Thaksin Allies In Thai Election Landslide: Exit Polls

2011-07-03 17:21:15

I am really interested to see, how exaclty they want to raise the minimum wages to 300 baht all around the country, without bringing thousands of companies and small business owners into bankruptcy.