CA – United States — Innovators exist in all aspects of an economy. Making investment decisions in Asia is something that InvestAsian strives to achieve quarter after quarter. Every once and a while, we see a startup business in Asia that has the potential to help our InvestAsian audience with their intake of relevant investment information and data to help you make more informed decisions. That startup is called StockRadars (http://stockradars.net).
According to the technology publication, Techcrunch, SiamSquared (developer of StockRadars) has a partnership with AIS, Thailand’s largest operator which is owned by Asian telco Singtel, after placing as a finalist in its domestic startup competition.”
Oftentimes United States investors choose not to invest in foreign markets simply because of a lack of information. One such foreign country with that opportunity is Thailand.
According to the publication, MarketWatch, “For those with a hearty appetite for volatility, Thailand still remains a good long-term play. As of this writing, the benchmark index of the Stock Exchange of Thailand, Thaidex SET50 ETF (TDEX: +1.85%) is roughly where it was in October 2013, and trending up.
Foreign investor access to the Thai market includes major domestic companies such as Thai Airways International PLC (THAI: -0.63%) and Thaicom Pcl (THCOM: +2.01%) which is available as an ADR; three ETFs and several funds, including the iShares MSCI Thailand Investable Market Index Fund (THD: +2.49%) the Thai Fund (TTF: +1.64%) and the Thai Capital Fund; and imminently the DMS Thailand Select 33 Index Fund which mirrors the NASDAQ Thailand Select 33 Total Return Index.”
StockRadars allows for easy access of data to the Thai stock market and has raised substantial capital to further its development.
“The deal is undisclosed, but TechCrunch understands that it is around $800,000 and at a $5-10 million valuation for the Thai startup. StockRadars currently covers the public markets in Thailand and Singapore, where it claims 150,000 users. CEO and co-founder Teerachart ‘Max’ Kortrakul told TechCrunch that the money will be used to expand the 18-month-old service into Indonesia and — over time — other parts of Asia Pacific including Australia, Hong Kong and Taiwan.
StockRadars is a free product for investing in public stock. Users can pay for ‘radars’, which are essentially layers of intelligence and analysis that help identify “hidden gems” in the stock market, as Kortrakul puts it.”
Let’s see where it goes!