Military coup in Thailand - you holding stocks / property?
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I guess the remarkable family will now go down in history as the family that lost in 6mths Singapore's 6 billion investment in Shin Corp... to maybe 0.6 billion?
66.6
(the above is just a joke, pls don't come and mee siam mai hum and bak chor mee me over this...)
If the ST index stocks does not crash because of massive intervention the other stocks will tank for sure...
If you are holding stocks and property investments... -
One litle known fact... the chief dictator here used to fly personally once a month to Thailand to teach Taksin about politics...
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The coup, led by the army’s chief, Gen. Sondhi Boonyaratkalin, also “terminated” both houses of parliament, the cabinet and the constitutional court. General Sondhi was named acting prime minister.
Overnight, General Sondhi was shown on television in an audience with King Bhumibol Adulyadej, a clear indication that the revered constitutional monarch endorsed the move. -
Christmas is in December. You do not want anything to ruin it. You want to be carefree and relaxed and enjoy the holidays with family and friends.
If you are into stocks and shares; you have a decision to make. Should you be holding on to your stock positions or buy them back end December after dumping them now?
This article came out at the beginning of this month; 2nd Sept 2006 -
Thai shares fall as military stages coup
Most Asian companies see their U.S.-listed shares finish in the red
By Carla Mozee, MarketWatch
Last Update: 5:14 PM ET Sep 19, 2006
SAN FRANCISCO (MarketWatch) - U.S.-listed shares of Thai companies fell Tuesday after the government declared a state of emergency in the capital Bangkok as the army staged a coup, surrounding the now-ousted prime minister's offices with tanks.
"All [Thai American Depositary Receipts] are under pressure. It's a broad-based reaction to it," said Charlie McLaughlin, international equity trader at Jefferies & Co. "That's the only focus in regards to Asia right now."
The Thai stocks that are available in the U.S. trade on the over-the-counter Bulletin Board market. -
Thai Funds Drop in U.S. Trading; ADRs of Asian Companies Fall
By Lu Wang
Sept. 19 (Bloomberg)
``We will see some selling pressure in the next few days,'' Marc Faber, founder and managing director of Marc Faber Ltd., said from Chiang Mai, Thailand. ``The implications are obviously not overtly favorable because it creates a lot of uncertainty.''
The Thai baht staged its biggest drop in four years as tanks rolled into Bangkok. In 1997, the currency's devaluation set off collapses in bonds and stocks from South Korea to Indonesia. Investors said the coup is unlikely to trigger another financial crisis in the region. The country has had 17 coups in the past 60 years.
``It is a purely domestic political event and when the smoke clears, it may be a good time to buy,'' said Kevin Hebner, global investment strategist at Greenwich, Connecticut-based Third Wave Global Investors LLC, which manages over $400 million. -
Thai Funds Drop in U.S. Trading; ADRs of Asian Companies Fall
By Lu Wang
Sept. 19 (Bloomberg)
Criticism of Thaksin has mounted since January, when his family sold its 49.6 percent stake in Shin Corp. to a group of investors led by Singapore's state-run Temasek Holdings Pte for a tax-free $1.9 billion. His government has been unable to carry out new policies since he dissolved parliament in February. -
there goes another asia economic crisis redux......
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got a question, what if the military govt decides to revoke all deal for Shin Corp ? is it a done deal, i.e. has the exchange taken place ? Will there be possibility that the money paid will be gone and we get nothing in return ? Thats hell lots of taxpayer's money.
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The coup situation is so serious?
The Foreign Ministry advises Singaporeans intending to travel to Thailand to monitor developments there closely.
If they decide to travel to Thailand, the Foreign Ministry says they should register with the Ministry through its website at .
This will enable the ministry and its embassy to contact Singaporeans and render them the necessary assistance.
The ministry says Singaporeans already in Thailand should also closely monitor news on the situation there.
They should take the necessary precautions for their personal safety.
During this period of uncertainty, Singaporeans are advised to monitor the news, remain in a safe location and avoid areas where there is risk of disturbance.
Singaporeans who are concerned about the safety of relatives and friends in Thailand can contact MFA or the Singapore Embassy in Bangkok at the following numbers:
Ministry of Foreign Affairs
Hotline: 6332-0000 (24 hours) -
i remember thailand's politics quite violent and coups are no news to the Thai ppl. I wonder how this will turn out, becos Thaksin whilst he is being disliked by Bangkok ppl (middle class ppl), he is well liked in the outskirts by the farmers, etc.
What if his supporters decide to take up arms for him ? Its gonna be bloody and worse than what we see in Taiwan. already there has been reports of scuffles in Taiwan between opposing camp supporters. if something similar happen in Thailand, it will be bloody and violent. Oh my, it brings memories of the 97 financial crisis where trouble ensnarl the region sparked off by some events in Thailand.
Chills. -
1997 financial crisis was caused by the floating of the baht that eventually lead to a chain reaction among other asian countries.. not some millitary coup or violent protests..Originally posted by red_amoeba:i remember thailand's politics quite violent and coups are no news to the Thai ppl. I wonder how this will turn out, becos Thaksin whilst he is being disliked by Bangkok ppl (middle class ppl), he is well liked in the outskirts by the farmers, etc.
What if his supporters decide to take up arms for him ? Its gonna be bloody and worse than what we see in Taiwan. already there has been reports of scuffles in Taiwan between opposing camp supporters. if something similar happen in Thailand, it will be bloody and violent. Oh my, it brings memories of the 97 financial crisis where trouble ensnarl the region sparked off by some events in Thailand.
Chills.
I'm pretty sure the Thai nation will be able to resolve this issue as quickly as possible in order for its economy to move on. Its current 'intrim governemnt' has pledged to take direct orders from its Monarch, the King which we all know commands more respect and love than 10 thaksin put together. -
so thaksin's failure is blind appliance of singapore style politics there?Originally posted by onceinabluemoon:One litle known fact... the chief dictator here used to fly personally once a month to Thailand to teach Taksin about politics... -
it is Singaporean's failure to allow brute force politics to be forced on us without making a single sound.Originally posted by Ito_^:so thaksin's failure is blind appliance of singapore style politics there? -
U think Temasek is likely to pay those money and get nothing in return? If it is a done deal, there is nothing anyone can do about it. If it is not a done deal, there should be contractual mechanisms in place to ensure that the deal does not take place due to the occurence of a material adverse change in the country's political situation. The only thing Temasek should get worried about is the fall in the value of their investment.Originally posted by red_amoeba:got a question, what if the military govt decides to revoke all deal for Shin Corp ? is it a done deal, i.e. has the exchange taken place ? Will there be possibility that the money paid will be gone and we get nothing in return ? Thats hell lots of taxpayer's money. -
Its not the first time our leaders waste our money in a flash...
it is not a wonder someone decided to step down also... -
but i dun like how thailand's military gets so involved in politics.Originally posted by mistyblue:it is Singaporean's failure to allow brute force politics to be forced on us without making a single sound.
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I don't like how our politics brainwash our people using public mediaOriginally posted by Ito_^:but i dun like how thailand's military gets so involved in politics.
Still with military getting into politics, I didn't see that much blood shed.
I think Thailand is a unique country.. -
With the Thai Coup taking place, several issues will concern Singaporeans -
Firstly, Temasek's takeover of Shin Corp for a sum of S$3 Billion was the final push that place Thaksin in a continuous nose dive.
Secondly, prior to Temasek's take over of Shin Corp, it was already known that Shin Corp is already facing a very tough telephone market with profits continuously shrinking. With many Thais seeing the takeover as a national loss - as the take over meant the loss of Thai satellite and its accompanying national bandwidth slot - a boycott of Shin Corp services was being called.
What will be the worth of this S$3 Billion Temasek takeover of Shin Corp now ?
Thirdly, after forty-five years, MM LKY has recently hinted that Singapore may have to use a 'Military Coup' to resolve a 'freak election result' - which will bring an 'Alternative Party' to form a new Singapore Government. This begs the question if MM LKY insist on abrogating the Peoples' Choice for an Alternative Party' in view of events that leave Singaporeans losing faith and confidence in the incumbent Political Party in bringing any solution to the Peoples' problems ?
Is the SAF, the Singapore Police Force and all other government uniformed organisations to be made use of as tools of the Incumbent Ruling Party ?
At least in Thailand, the Thai Military that dismissed the Ruling Government had declared its allegiance and loyalty to the Thai King and Royal Family.
Who will the SAF, Singapore Police, Civil Defence and any other uniformed military and para-military groups pledge their allegiance to, when the supposedly elected-President is also a known political appointee, whose existence and authority is held to ransom by the Ruling Political Party.
Any random Presidential decision made without consultation with the Ruling Government, will incur its displeasure and a stinging rebuke will soon be forthcoming in the form of new legislations to curb such independent actions from an Elected President. (Reference made to the late elected-President Ong Teng Cheong's famous attempts to seek the extent of the Singapore Reserves that he is supposed to protect.
Can Singapore politics and political systems develop into positive institutions that will last into posterity ? -
Sporeans better leave BK now!!!
there r more 2 come!! I heard my military frds in Thailand said there r tankers from o/s BK really to roll in there!!
There will be blood shed in Thailand!!! -
Originally posted by Atobe:
On another note, Temasek's buy-out of Shin Corp could have been a move orchestrated by its subsidiary, Singtel, as Shin Corp may have been a potential competitor in the telecommunications regional market.
With the Thai Coup taking place, several issues will concern Singaporeans -
Firstly, Temasek's takeover of Shin Corp for a sum of S$3 Billion was the final push that place Thaksin in a continuous nose dive.
Secondly, prior to Temasek's take over of Shin Corp, it was already known that Shin Corp is already facing a very tough telephone market with profits continuously shrinking. With many Thais seeing the takeover as a national loss - as the take over meant the loss of Thai satellite and its accompanying national bandwidth slot - a boycott of Shin Corp services was being called.
What will be the worth of this S$3 Billion Temasek takeover of Shin Corp now ?
Thirdly, after forty-five years, MM LKY has recently hinted that Singapore may have to use a 'Military Coup' to resolve a 'freak election result' - which will bring an [b]'Alternative Party' to form a new Singapore Government. This begs the question if MM LKY insist on abrogating the Peoples' Choice for an Alternative Party' in view of events that leave Singaporeans losing faith and confidence in the incumbent Political Party in bringing any solution to the Peoples' problems ?
Is the SAF, the Singapore Police Force and all other government uniformed organisations to be made use of as tools of the Incumbent Ruling Party ?
At least in Thailand, the Thai Military that dismissed the Ruling Government had declared its allegiance and loyalty to the Thai King and Royal Family.
Who will the SAF, Singapore Police, Civil Defence and any other uniformed military and para-military groups pledge their allegiance to, when the supposedly elected-President is also a known political appointee, whose existence and authority is held to ransom by the Ruling Political Party.
Any random Presidential decision made without consultation with the Ruling Government, will incur its displeasure and a stinging rebuke will soon be forthcoming in the form of new legislations to curb such independent actions from an Elected President. (Reference made to the late elected-President Ong Teng Cheong's famous attempts to seek the extent of the Singapore Reserves that he is supposed to protect.
Can Singapore politics and political systems develop into positive institutions that will last into posterity ?
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With the buy-out, it removes one competitor from the field swiftly, allowing Singtel to plow on with its long term regional plan to reach out into the asian market.
In this case, there would not have been any interest in profit-making, since the move was aimed to close down and possibly liquidify a rival business.
But since such decision-making processes are not explained to the public, the actual reasons behind the takeover bid will never be known. -
not always no blood shed..Originally posted by mistyblue:I don't like how our politics brainwash our people using public media
Still with military getting into politics, I didn't see that much blood shed.
I think Thailand is a unique country.. -
Originally posted by BillyBong:
Your statement sound temptingly convincing, and I was inclined to take it at its face value.
On another note, Temasek's buy-out of Shin Corp could have been a move orchestrated by its subsidiary, Singtel, as Shin Corp may have been a potential competitor in the telecommunications regional market.
With the buy-out, it removes one competitor from the field swiftly, allowing Singtel to plow on with its long term regional plan to reach out into the asian market.
In this case, there would not have been any interest in profit-making, since the move was aimed to close down and possibly liquidify a rival business.
But since such decision-making processes are not explained to the public, the actual reasons behind the takeover bid will never be known.
However, on checking some available information in the public domain, it will be interesting to consider another point of view that should raise further concern to the S$3 Billion dollars spent - in a 'gungho manner' - on taking over of Shin Corp.
SingTel interest in Thailand is but only a small Representative Office called simply - SingTel Thailand - established in 1998 'to provide support to our business customers in Thailand'.
Temasek's independent actions in taking over the entire Shin Corp group had aroused only a minor interest in SingTel's statement of taking a small stake in the main income contributor to Shin Corp - Advance Info Services , which hold 55 per cent share of the Thai market, but with revenue on the decline.
With global mobile phone business claiming victims to even established players, forcing the early closure of unprofitable units, the writings were already on the wall before SingTel's announcement of a sharp fall in revenue for 2006. -
Originally posted by Atobe:
I tot they were the problem in the first place and they created some of the problems we have today ... I have yet to see them resolve any issue sensibly in recent times...
Thirdly, after forty-five years, MM LKY has recently hinted that Singapore may have to use a 'Military Coup' to resolve a 'freak election result' - which will bring an [b]'Alternative Party' to form a new Singapore Government. This begs the question if MM LKY insist on abrogating the Peoples' Choice for an Alternative Party' in view of events that leave Singaporeans losing faith and confidence in the incumbent Political Party in bringing any solution to the Peoples' problems ?
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a simple theory of sugar coating coverup without leaving any evidence/residue behind....Originally posted by mistyblue:I tot they were the problem in the first place and they created some of the problems we have today ... I have yet to see them resolve any issue sensibly in recent times...