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Shayne Heffernan Thai Stocks Preview

Thai Stocks, Thai Insurance, Siam Commercial New York Life, Ayudhya Insurance

Shayne Heffernan best buys in Thailand today are Insurance companies, Thai Insurance, Siam Commercial New York Life, Ayudhya Insurance.

The Thai Insurance Public Company Limited is a Thailand-based company engaged in the non-life insurance business. The Company offers a wide range of insurance products, including fire insurance, marine insurance, automobile insurance and miscellaneous insurance. Its miscellaneous insurance is comprised of construction, machinery installation, water tank explosion, individual accident, travel accident, health, cancer, business interruption and other insurance policies. The Thai Insurance offers its products in both personal and commercial lines, mainly for retail customers as well as small and medium sized enterprises. The majority of its revenue is derived from its automobile insurance sales. The Company operates eight branch offices in Rayong, Chonburi, Khon Kaen, Nakhon Ratchasima, Chiang Mai, Phitsanulok, Nakhorn Pathom and Chiang Rai.

Siam Commercial New York Life Insurance Public Company Limited is a Thailand-based company engaged in the provision of life insurance business. The Company provides services throughout the country. It offers four types of insurance: ordinary life insurance, including whole life insurance, term insurance and endowment insurance; industrial life insurance, such as government officer life insurance; group life insurance, which is primarily provided for both public and private companies as employee benefit plans, and corporate business insurance, which is specifically developed for financial institutions, covering the risk of loss of loan arising from death and disability of borrowers, such as mortgage insurance. The Company also operates in the investment business to generate additional income by using insurance premiums to invest in equity, debt, derivative and mutual fund markets, as well as deposits and loan granting.

The Ayudhya Insurance Public Company Limited is a Thailand-based company engaged in the provision of non-life insurance. The Company’s services is divided into three: individual insurance, which include motor insurance for private vehicle, personal accident, travel accident, cancer protection, fire insurance for dwelling, burglary and golfer’s indemnity; business insurance, which include motor insurance for fleet, group personal accident, fire, property all risks, business interruption, machinery breakdown, boiler, constructor’s all risks and erection all risks, public liability, hull and marine cargo insurance, and package insurance, which include motor, personal accident, group personal accident, property damage under Ayuhya Suksan plan and fire insurance under economic plan. The Company operates 19 branches, which are located in Thailand provinces.

In Bangkok Yesterday The Stock Exchange of Thailand main index went up 4.40 points or 0.40 to close at 1,101.35 points at the end of trading session on Wednesday Afternoon. The trade value was 32.74 billion baht.

Top five most active;

CPF closed at 30.75 baht, up 0.75 baht (2.50%)
JAS closed at 3.38 baht, down 0.04 baht (1.17%)
SCC closed at 384.00 baht, up 4.00 baht (1.05%)
IVL closed at 53.50 baht, down 1.50 baht (2.73%)
MAJOR closed at 14.60 baht up 1.00 baht (7.35%)

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

For More Information Contact

Chutinush Taksinapinunt (ANISTA)

Business Development Director

Heffernan Capital Management

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