webfact Posted October 9, 2018 Share Posted October 9, 2018 Investors and analysts both rosy on the Thai economy BANGKOK, 9 October 2018 (NNT) – Political clarity and continued economic expansion have bolstered investor sentiment to its highest level in seven months and prompted analysts to forecast the Thai stock market hitting 1,826 points by year’s end. President of the Federation of Thai Capital Organizations (FETCO), Paiboon Nalintarangkul, revealed that investor sentiment for the next three months has surged by 12.01 points to 120.6, the first instance of such fervor in seven months. The positivity has been attributed to clarity in the political situation and Thailand’s continuing economic expansion, two factors many see as only improving over the next three months. Risk factors outlined for the period include the US-China trade war, a policy interest rate hike by the US Federal Reserve and foreign capital inflows and outflows. The Investment Analysts Association (IAA) has released its own set of results from a survey of analysts and fund managers, revealing the majority see the Thai stock market as peaking at 1,826 points and averaging 1,818 points this year on the back of political certainty, domestic growth and good performance among listed companies. -- nnt 2018-10-09 Link to comment Share on other sites More sharing options...
Srikcir Posted October 10, 2018 Share Posted October 10, 2018 19 hours ago, webfact said: investor sentiment for the next three months has surged by 12.01 points to 120.6, Which has had no affect on improving income inequality in Thailand. Link to comment Share on other sites More sharing options...
robertson468 Posted October 10, 2018 Share Posted October 10, 2018 Already there is an outflow of foreign currency from Thailand to USA on the expectation of interest rate rise in the USA. These Guys are a bit like the TAT people who keep saying things are improving, which is why they have put mortgages on the watch list and are concerned about the level of personal debt throughout the Country. Sorry Thailand if the bubble burst again, you will not be in a good place I don't think. Link to comment Share on other sites More sharing options...
simoh1490 Posted October 10, 2018 Share Posted October 10, 2018 6 minutes ago, robertson468 said: Already there is an outflow of foreign currency from Thailand to USA on the expectation of interest rate rise in the USA. These Guys are a bit like the TAT people who keep saying things are improving, which is why they have put mortgages on the watch list and are concerned about the level of personal debt throughout the Country. Sorry Thailand if the bubble burst again, you will not be in a good place I don't think. Well, your last three words are true because Thailand is in a totally different place to what it was when the bubble burst in 97, a totally different place! As for capital outflows: BOT has been actively relaxing rules on capital outflows in an attempt to weaken the Baht, the forecast is for 200 bill baht this year which is the largest amount since 2012, it may however still not be enough to get the job done. And let's not forget, at some point sooner rather than later, Trumps trade war will end and the brakes will come off the Baht. Link to comment Share on other sites More sharing options...
kannot Posted October 10, 2018 Share Posted October 10, 2018 22 hours ago, webfact said: Investors and analysts both rosy on the Thai economy Would this be "Thai investors and analysts" and not worldwide? Link to comment Share on other sites More sharing options...
Eric Loh Posted October 10, 2018 Share Posted October 10, 2018 1 hour ago, simoh1490 said: . And let's not forget, at some point sooner rather than later, Trumps trade war will end and the brakes will come off the Baht. Wonder which will come first for Trump; end of trade war, impeachment or 25th amendment. Link to comment Share on other sites More sharing options...
overherebc Posted October 10, 2018 Share Posted October 10, 2018 55 minutes ago, Eric Loh said: Wonder which will come first for Trump; end of trade war, impeachment or 25th amendment. All three in one day would be interesting but off topic I suppose. Re' investments it seems a long time since I have heard of Multinationals putting large long term fabrication projects into Thailand like a few in LanChabang that employed 1000's of Thai workers for 2/3/4 years. A few rumours but nothing concrete. Is that because of the strong baht or what? Link to comment Share on other sites More sharing options...
zzaa09 Posted October 10, 2018 Share Posted October 10, 2018 6 hours ago, kannot said: Would this be "Thai investors and analysts" and not worldwide? You could say that all are one-n-the-same - worldwide. The same fanciful delusions are homogenous. Link to comment Share on other sites More sharing options...
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