Thailand, the gateway to southeast Asia, is a very beautiful country. It is also a growing emerging economy, with many stocks increasing over 30% in the last three months. Some interesting trivia about Thailand:
1. People have lived in Thailand since the paleolithic period.
2. It is 21st in GDP purchasing power parity.
3. It had the the world's highest growth rate from 1985 to 1996.
4. It is the top exporter of rice.
5. 55% of the land is used for rice production
6. Tourism is only 5% of the economy.
7. Major products include textiles, footwear, fish, rubber, jewelry, cars, computers and electronic equipment.
8. It is ranked 42 in the Economist's Worldwide Quality-of-Life Index.
Here are some Thai stocks that trade in the United States:
Advanced Info Service PCL (AVIFY.PK) is a provider of cellular services and mobile phones. The stock has a price to earnings ratio of 16.
Charoen Pokphand Foods (CPOKY.PK) is a producer and provider of meat and other food products. The stock has a PE ratio of 12.
Delta Electronics (DLETY.PK) manufactures and sells electronic components, including switching power supply products and power management products.
Hana Microelectronics Public Co. Ltd. (HNMEY.PK) manufactures integrated circuit boards, light-emitting diode products, radio frequency amplifiers and printed circuit boards. The stock has a PE ratio of 9.
PTT Exploration & Production (PEXNY.PK) explores for and produces petroleum products. The stock has a PE of 15.5.
Sahaviriya Steel Industries (SAVXY.PK) makes and markets hot-rolled steel sheets and coils. The stock has a PE of 4.
Shin Corp. ADR (SHNZY.PK) is in the business of wireless telecommunications, satellite communications and the Internet. The stock has a PE of 13.
TT&T Public Co. LTD (TTTBF.PK) provides landline telecommunication services.
Thaicom PLC (THMNY.PK) is a provider of telecom and broadcasting satellite transponders services.
You can also invest in Thailand through closed end funds. Thai Fund Inc. (TTF) invests in Thailand stocks in a diversified group of sectors. The fund pays a yield of 1.5%. In the last three months, the fund has been up over 30%.
The Thai Capital Fund Inc. (TF) also invests in a diversified group of Thai companies across all market capitalizations. It pays a yield of 1.2% and has increased by about 40% during the last three months.
To see articles on other stocks from countries around the world, check out WallStreetNewsNetwork.com.
Author does not own any of the above.
By Stockerblog.com
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