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Strategies & Market Trends : Thai Funds

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To: Heretic who wrote (9)9/17/1997 8:16:00 PM
From: Polartee   of 107
 
Thanks for the info as this helps me set an exit level.

The Wall St. Journal reported the NAV for TC (but not TTF) as of Friday, Sept. 12.

NAV P Premium % change 1-year
4.94 7.5 51.8% -45.5%

Compared to last Friday, the NAV is up but the price is down and thus the premium is down.

Also here's a WSJ interactive edition report of today:

Stocks Fall on Political Jitters

BANGKOK, Thailand -- Stock prices slumped
Wednesday amid worries that the country's prime
minister would dissolve parliament to avoid political
disgrace.

The Stock Exchange of Thailand index fell 9.81 to
517.40. Declining shares outnumbered advancing ones
137 to 74, excluding foreign shares.

Trading was subdued. Volume was 59.1 million shares
traded, down from 71.4 million shares changing hands
Tuesday.

Dealers said investors sold shares as the political
situation grew increasingly volatile. Many investors, they
said, reacted to reports in two English-language
newspapers suggesting that Prime Minister Chavalit
Yongchaiyudh may dissolve parliament as a key to a
graceful exit.

Mr. Chavalit is scheduled to face a no-confidence call
against himself on Sept. 26. He has been urged to
resign, since his critics have blamed his government for
not acting quickly enough to resolve Thailand's
economic crisis. The volatility of his political future
prompted speculation that Mr. Chavalit will dissolve
parliament to avoid trouble.

Traders said the effect from the downgrade of seven
Thai financial institutions' credit ratings by Standard &
Poor's was mild, with the action widely anticipated since
S&P placed these institutions on review for possible
downgrade in August.

Among them, Bangkok Bank was unchanged at 114
baht, while Thai Farmers dropped 1.50 baht to 85.50
baht.
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