Foreign investors have been net sellers of 170 billion baht worth of Thai stocks for the year to date, compared to their net-buy position of 200 billion baht last year. This group represents around 40-45%...
The SET Index has declined 16% for the year to date and is one of the worst performers in the region, but the fundamentals of the Thai stock market remain solid. ummmm where is the mine oh yes thats right its in Thailand,,, and despite very positive government stability since the election and cleaning up graft etc there still remains sovereign risk
Institutional Investors are wary of Thailand.... https://www.bangkokpost.com/business/investment/2672166/set-plummets-for-several-reasons
Of course this is all managements fault ;-)
Part of the mining license being granted again includes community relations... so if many are concerned about management doing a good job of developing community relations, showing they are a good corporate citizen, the face painting, the AFL, the bike track etc etc to reduce that sovereign risk and you don't like these aspects of having a mining license in Thailand ... maybe you should get out and stop the whining
Everything is on track except the share price ... have said it before will say it again ... as per Buffett “The stock market is a device for transferring money from the impatient to the patient.”
Yeah the share price may go down before it goes up but do the math Gold AUD if it holds though may go higher @ $3000 AUD ounce x 100,000 ounces next year
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$1.26 |
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Mkt cap ! $323.4M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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5 | 31473 | 1.250 |
1 | 1921 | 1.245 |
4 | 58760 | 1.240 |
1 | 2429 | 1.235 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 7667 | 2 |
1.280 | 2701 | 2 |
1.285 | 1921 | 1 |
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