Of all the stocks listed on the Stock Exchange of Thailand (SET) during 1990-1993, 120 of them had their stock prices double within a year. These firms share some common characteristics. These significant characteristics are changes in trading volume on the foreign board, and quarterly earnings changes.;The significant winners' characteristics are used to form the trading strategies that are applied to the stocks in the SET, excluding the winners, over the period of 1990-1993. Although these trading strategies underperform the SET index, the combined strategy improves the performance of one-criterion strategies in a quarter and a two-year scheme. On a two-screen strategy, the average CAR over a two-year holding period are ;The foreign investments do affect stocks on the SET. It boosts local trading of international stocks on the main board. |