• 4 minutes Permian in for Prosperous and Bright Future
  • 7 minutes Amount of Oil Usage in the United States
  • 10 minutes America Could Go Fully Electric Right Now
  • 53 mins Something wicked this way comes
  • 1 hour Kalifornistan, CO2, clueless politicians, climate hustle
  • 6 mins Tesla Battery Day (announcements on technology)
  • 44 mins JP Morgan Christyan Malek, report this Summer .. . We are at beginning of oil Super Cycle and will see $190 bbl Brent by 2025. LOL
  • 5 hours US after 4 more years of Trump?
  • 1 day Natural Gas Saves Southern California From Blackouts
  • 46 mins Why NG falling n crude up?
  • 17 hours Famine, Economic Collapse of China on the Horizon?
  • 24 hours .
  • 19 mins Ten Years of Plunging Solar Prices
Trade War Weighs On Western Automakers In China

Trade War Weighs On Western Automakers In China

Western automakers in China are…

How COVID-19 Is Transforming The Auto Industry

How COVID-19 Is Transforming The Auto Industry

Dealerships are looking to pre-owned…

Global Economy Throwing Up Red Flags For Oil

Global Economy Throwing Up Red Flags For Oil

Investors are feeling increasingly gloomy…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Thailand Punches Through to New Highs

With hotel occupancy in the dumps at 20%-30%, and parts of downtown Bangkok still in ruins from the May riots, you would think the call to buy Thailand (TWD), (TF) two months ago was a complete bust.

You would be wrong. Since then, the Thai ETF has tacked on an amazing 20%, the Thai Capital Fund is up 24%, and the Thai Baht has strengthened, making it one of the top performing stock markets of 2010. Even with the collapse of tourism, GDP is expected to come in at a healthy 6% this year, a figure American economists would kill for.

The country's robust manufacturing sector, which accounts for 66% of Thai GDP, versus only 6% for tourism, continues to drive the country onward and upward. Think of Thailand as China, with the infrastructure already built out. Ford Motors (F) has announced the construction of a $450 million plant to build the Focus, while Nissan (NSANY) says it will assemble its compact. Toyota (TM) and GM are expected to follow suit with the expansion of existing facilities.

Carl Van Horne, then the chief investment officer of JP Morgan, once taught me a rule that I have found incredibly useful: follow the direct investment; the stocks markets always play catch up. Thailand continues to be a place where international investors want to be. Buy on dips, if we get any.

Courtesy: Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Anonymous on August 28 2010 said:
    I taught recently in Thailand at the Asian Institute of Technology. Before that I stopped in Bangkok a couple of times on my way to work in Australia. I was very satisfied with my students in Bangkok, almost all of whom were Thai, and at least half of whom were graduate engineers. If anybody asked my opinion, I would say that Thailand is a country to bet on.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News