SET eyes speculative trade in shares of 3G-linked firms | Bangkok Post: business

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TELECOMMUNICATIONS

SET eyes speculative trade in shares of 3G-linked firms

The Stock Exchange of Thailand has expressed concern about unusual price movement in telecom stocks as investors speculate about the outcome of the highly anticipated auction of 3G wireless broadband licences later this month.

Prasert Apipunya, the vice-secretary-general of the National Telecommunications Commission (NTC), said regulators discussed the issue recently with SET market surveillance officials.

Trading activity has been heavy in the telecom sector and prices highly volatile in some cases, even before the NTC made bid documents available last month.

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Writer: Komsan Tortermvasana
Position: Business Reporter

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Your comments

  • Chitradom

    Discussion 5 : 05/09/2010 at 04:16 PM5

    Actually "Discussion4", for your information there will be only two licenses available this time around not three (n-1).

  • joking are you?

    Discussion 4 : 05/09/2010 at 12:43 PM4

    What is this the joke of the century? Three licensees are "auctioned" to 3 bidders? How can you call this an auction?

    Mr Prasert said nobody would be able to guess which bidders had offered the amounts shown on the NTC's screen.
    Mr. Prasert must be very naive - not sure if he knows how this is handled in Thailand - here is how it works Mr. Prasert - if you are one of the bidders you get together long BEFORE any bids are submitted - the bids are then fixed between them at a certain percentage above the minimum bid.

    This is how it has worked for ages here - there is no multibillion Baht deal in this country without corruption and monkey business involved!

  • Northman

    Discussion 3 : 04/09/2010 at 12:17 PM3

    The Thai Elite Mega rich families gain another few million baht,but dont worry, they have the millions of farmers and field workers interests at heart and they are not considering a fourth home abroad or sending their kids out of Thailand to get a foreign education.....another day in "Amazing" Thailand!

  • This Gusted

    Discussion 2 : 04/09/2010 at 11:58 AM2

    Afterthought: those who do NOT speculate when they buy shares - in other words: know for a fact that the shares they are buying will definitely go up - violate the law.

  • This Gusted

    Discussion 1 : 04/09/2010 at 11:07 AM1

    I hope the headline "SET eyes speculative trade in shares of 3G-linked firms" is incorrect.

    After all, unlike insider trading, speculative trade in shares is not against the law.

    Anyone who buys shares does so hoping, expecting or speculating that - but never knowing if - they will make gains, be it through a rise of the share price or from payouts (dividends) or both.

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