Siam Commercial Bank Loy krathong Nite.

Siam Commercial bank (SCB) was the first Thai bank established in 1907 .As of June 2009, SCB had the highest market capitalization among Thai Financial Institutions (Baht 246 billion) and has asset size of Baht 1,299 billion - the third highest in the country.
On the 2nd November2552,Thailand celebrates the Loy Krathong festival. It takes place at a time when the weather is fine as the rainy season is over and there is a high water level all over the country and a yearly event.
***Thai calender year is marked (2009 + 543 =2552)
***SIAM is the old name for Thailand with its capital city in ancient Ayutthya.

“Loy” means to float and a “Krathong” is a lotus-shaped vessel made of banana leaves. The Krathong usually contains a candle, three joss-sticks, some flowers and coins.Streets vendors here are superb in this hand made craft most of whom are the woman folks.

There goes the krathongs thanking the Goddess of water floating all over the canals,khlongs,rivers and ponds.Whatever bad luck in the stock market can also be washed away in this auspicious festival.
Siam Commercial Bank held this eventful day for its valued customers and employees at this International Trade Service Centre which is just 300meters from the Menam Chao Phraya,the longest river in Thailand.It's near Bangkok Royal Orchid Sheraton Hotel.
Any international business people needing Trade Information Sources or Trade Contacts in Thailand will find this centre useful for a startup.

The buffet party with many games stores as well were held within the vicinity of the building compound coupled with a live band orchestra entertaining its guest.This view is seen from the extremely pack river cruise boat.

A closeup view of the building front facing the river.

The main entrance is by the side with a large colonial style stairway and having large portraits of King Rama V and King Mongkut welcoming its visitors,a nice architectural design building.
Inside the building near the conference room,there were many portraits of all Siam previous kings.This photo here is HRH Prince Jayanta Mongkol,Prince Mahisara Rajaharudaya.(January 30, 1866 - April 15, 1907) is a son of King Mongkut, Rama IV.He is the founder of Siam Commercial Bank,and also known as "Father of Thai Banking"
The start of the celebration with this grand half hour fireworks display illuminating over the skyline of Bangkok city on the Chao Phraya.The huge crowds which includes myriads of foreign tourists from all over the world helps boosting the Thai economy.
In the Northern Provinces,Chiangmai the second largest city in Thailand,also the second home of most westerners is the focus point.The crowds here includes the locals and higher degree of multi-international tourist.

In this photo the "farangs" or westerners were also participating in lighting the huge lanterns to be released towards the sky.It's called the Yee Peng Festival.
Yee Peng is the annual festival held to celebrate the full moon in the northern capital of Chiangmai on the day proceeding Loy Krathong by one day in November. The word “Yee Peng ” is the northern Thai terms referring to the full moon of the 12th lunar month in the Buddhist calendar.

Last Update 06 Nov 2009 16:59:57
Last:Baht83.00 (+4.25 )(+5.40%)
Prior:Baht78.75
Open:79.75
High:83.00
Low:79.50
Volume (Shares):12,158,800
Value ('000 Baht):985,257
Average Price*:81.03
* Automatching on Main Board Only
Par (Baht) :10.00
Ceiling(H):102.00
Floor(L):55.25

The first week Dow's candlestick is already a confirmed bullish candlestick.Bulls are 232.41 points ahead of the bears:33.69.

Next month December is the last quarter of the year,most funds are again repositioning their portfolios in November ahead of a shorterned holiday season trading market next month.December is also the Quadraple Witching month so expect very high degree of volatility as seen during the first week November's trading days.That is the many "tail"(upper and lower shadow of a burnt candlestick.)It is wise to execute very short term trading to capitalise on the high volatility opportunities.