Thai Banking Sector-Has the Recovery Begun?

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech
Thai Banking Sector-Has the Recovery Begun?

An SI Board Since October 1998

Posts	SubjectMarks	Bans
17	2	0

Emcee: Lorare	Type: Unmoderated

Introduction Compact

I've started this thread to exchange ideas on what I believe to be one of the best investment opportunities of our generation. When Thailand devalued its currency in July, 1997, the world financial
crisis began. Now, clear signs of a recovery in Thailand are at hand.
Just as US banks recovered in 1992 and Latin American banks
recovered in 1995, I believe 1999 will mark the recovery of the Thai banking sector. The plays here in US dollar denominated ADRS are Bangkok Bank (symbol: BKKPF), Thai Farmers Bank (symbol: TFBPF) and Siam Commercial Bank (symbol: SMCBF). BKKPF is by far the largest and represents 7% of the total valuation of the Thai stock market. Next in size, and not that much smaller is TFBPF. SMCBF is the 4th largest in Thailand and its largest shareholder is the Thai Royal Family. These stocks are currently trading at $1.20 for BKKPF, $1.00 for TFBPF and $.44 for SMCBF. It is my belief that the upside over the next 2-5 years is 10 to 20 fold. Information on these companies is scant in the US and the volume traded on the ADRS is extremely light. For the longer term investor who is willing to do his own due diligence, I truly believe that the opportunity is tremendous. I will try to post those URL's that I've used to examine this opportunity in upcoming posts. My hope is to start a lively exchange with knowledgeable people for the benefit of us all.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
17	I think maybe you're going to get rich (re: Russia). I'd like to look	Jethro	-	12/2/1998
16	Jethro, Thank you for your many insights and considerable knowledge on this sub	Lorare	-	12/2/1998
15	Jethro: Does Tisco have a website? I've seen them recommended before, so	peter michaelson	-	11/27/1998
14	Buying a Thai bank stock anyway? This will give you a BIG edge. Buy through a	Jethro	-	11/26/1998
13	Most Thai banks are in terrible shape. These are not bargains compared to othe	Jethro	-	11/6/1998
12	How to get the financial sector back on its feet? This should help: Bright pro	Lorare	-	10/31/1998
11	Bangkok Post Oct 30, 1998 - BBL loan rates fall by half-point bangkokpost.com	VivB	-	10/30/1998
10	Thanks Guys! Those links are very helpful, especially the ADR link. No doubt th	Lorare	-	10/30/1998
9	Larare, Closed-end fund TVF (Templeton Vietnam and Southeast Asia Fund) is pre	Heretic	-	10/30/1998
8	Lorare: Nice to see this thread. I've been having positive thoughts re Th	peter michaelson	-	10/30/1998
7	Now this is a major move! October 29, 1998 Main Index Soars 4.4% BANGKOK, Th	Lorare	-	10/29/1998
6	Thanks VivB, I found your sites helpful. A great place to look is the Financial	Lorare	-	10/29/1998
5	Thanks for all the helpful information on Thailand posted, especially the quote	VivB	-	10/29/1998
4	This is the URL for stock quotes on these banks. Please note that since they t	Lorare	-	10/29/1998
3	Hi Demon, I think most of us are and should be, but newclips like the following	Lorare	-	10/29/1998
2	thanks for all the insite, i trade BK on and off, but im mostly a DELL™ man. t	DEMON VIII	-	10/29/1998
1	The following are four sites that can be used to obtain information on the comp	Lorare	-	10/29/1998

Go to reply# or date (mm/dd/yy):