Wednesday, June 13, 2007

Thailand Court Ruling Creates Stock `Buying Opportunity' Ahead of Election

(Bloomberg) -- Thailand's stocks, Southeast Asia's
worst performers this year, staged their biggest two-day rally
this year after a court ruling on May 30 paved the way for a
national election. More gains are likely, history shows.

``All of these worries about politics are a great buying
opportunity,'' said Doug Barnett, a 51-year-old fund manager
who's been investing in Thailand since 1990. His Thai Focused
Equity Fund Ltd., a $300 million hedge fund, includes Banpu Pcl,
the nation's largest coal miner, and Bank of Ayudhya Pcl, the
sixth-largest bank by assets.


Read more at Bloomberg Exclusive News

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