India opens up to foreign stock investors - CNN

manula · 26 Re: India opens up to foreign stock investors - CNN Thu Jan 05, 2012 8:27 pm

manula

Vice President - Equity Analytics

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Join date : 2011-04-18

monash wrote:manula. I live in Singapore. So I have DBS bank account and they have brokering division too. Therefore i use it for trading and banking as it's convenient for me.
I'm investing on Singapore and Hong kong stock markets. I rarely take broker advices even though brokers are much more reliable, because there is an additional charge. In Singapore, government give clear direction to stock market about the growth and decline of each sector. So investors can have a clear idea which sector they should invest more as their forecasts are very reliable and accurate most of time.

I used to read company financial reports and other websites such as Bloomberg, business week,channel news Asia, Yahoo finance etc. to get information.

Mind you investing in foreign markets is not an easy task. Unlike in CSE, they are very sensitive to global developments.especially SGX. So you have to be updated every day by reading news articles and you should be alert on how other markets like Dow Jones, Nikkei, London performing.

@monash..Thanks for the information ..and i think it will be very easy for you to invest in Singapore and Hongkong market.. because you are stay in SIN so easily can go through the papers/news/company performance easily.. but as i stay in Qatar i think it will be little hard to get the complete proper details. One good thing is as you mention brokers are reliable.. not like in Sri Lanka.. Here we can invest in Qatar Stock Market but many works/books information mainly in Arabic that i could not understand. I was thinking about UK stock market also..same issue comes to my head every time. I was thinking to save in Welath Managment scheme with HSBC. But I mainly prefer to invest in share market. I think better than UK due ecnomoy falling better to invest in Singapore or Hong kong stock marekt. If possible like to get some details.. What is the DBS bank account ..what the DBS bank..can we open the DBS account as a out sider.. (only to know the details).

manula · 27 Re: India opens up to foreign stock investors - CNN Thu Jan 05, 2012 8:31 pm

manula

Vice President - Equity Analytics

Posts : 1171
Join date : 2011-04-18

nkalansu wrote:In Sri Lanka, Central Bank has already given approval to invest up to US$ 100,000 per individual in foreign stocks. They have introduced a special account for that, known as "Outward investment account". But non of the local banks which i have contacted have developed a product/account based on this.

Very poor situation.

Why dont try to open forign bank account like HSBC .. becasue they have branches every where in the world...

Appuhamy · 28 Re: India opens up to foreign stock investors - CNN Thu Jan 05, 2012 9:19 pm

Appuhamy

Manager - Equity Analytics

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Dear Monash, can you please tell me the possibility of doing day trading in Hong kong stock market. thanks in advance

monash · 29 Re: India opens up to foreign stock investors - CNN Thu Jan 05, 2012 9:46 pm

monash

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@ cse guide.. I started investing on foreign market only on last year. Their are some stocks that have high dividend yield range from 4%-8% which is not bad considering strong currency. These markets are very stable. It rarely goes down more than 1% a day. Also when stocks go up it goes up gradually. We cant expect 25% a day like in SL. Very Happy

At CSE capital gains are much higher if you are lucky and do the gamble at correct time. CSE is very similar to Casino when compared to other markets. You can be beggar also a billionaire. Wink

@ manula i don't think living in overseas is a barrier for investing as long as you have internet. more than 90% of information i'm finding through internet. So not much difference between you and me.

DBS (Development Bank Of Singapore) is the biggest local bank in Singapore. They have a branch in Dubai too. Yes you can open an account as foreigner. refer this link.

http://www.dbs.com/sg/personal/deposit/savingsplus/foreigners/default.aspx

cseguide · 30 Re: India opens up to foreign stock investors - CNN Thu Jan 05, 2012 10:17 pm

cseguide

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Dear monash
As a Sri Lankan Can I invest in Foreign market by opening DBS bank account and brokering division of DBS SIMILAR TO YOU DO. For opening of DBS account may I want to come to Singapore.

monash · 31 Re: India opens up to foreign stock investors - CNN Thu Jan 05, 2012 10:30 pm

monash

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cseguide wrote:Dear monash
As a Sri Lankan Can I invest in Foreign market by opening DBS bank account and brokering division of DBS SIMILAR TO YOU DO. For opening of DBS account may I want to come to Singapore.

I assume you have to visit bank. I'm not sure. You better check with bank. For Philip securities i don't think you have to visit. I saw in their website, you can post documents.