Thailand Now Has the World’s Worst Stock Market

[webfact]

Thailand Now Has the World’s Worst Stock Market

By Anuchit Nguyen

 

Photographer: Brent Lewin/Bloomberg

 

Rising coronavirus cases in Thailand dimmed the outlook for a quick rebound in tourism, sending the nation’s equities benchmark to rank as the world’s worst performer.

 

Thailand’s SET Index’s 5.1% slump on Wednesday, most in six years, came after the government said confirmed cases of the virus rose by three to 40, fueling fears of a wider spread. The benchmark gauge’s 14% decline this year, the most among the world’s key equity indexes, has also plunged it into a bear market from a recent high.

 

 

The virus outbreak hit tourism-reliant Thailand particularly hard because Chinese tourists, its biggest source of foreign visitors, have all but vanished. Income from tourism, accounting for about fifth of the economy, tumbled last month. That’s exacerbated the effects of a severe drought, a delay in the government’s budget and an export slump in Southeast Asia’s second-biggest economy.

 

Full story: https://www.bloomberg.com/news/articles/2020-02-27/thailand-sinks-to-world-s-worst-stock-market-as-tourism-smashed

 

-- Bloomberg 2020-02-27

[ThomasThBKK]

Told you so Thailand.

[khwaibah]

CRASH BAHT CRASH.????

[Halfaboy]

Grab your chances !

[freeman01]

what are good thai stocks to pick up on the deep before the world enter into a zombie apocalypse lol ?

Edited February 27, 2020 by freeman01

[DrTuner]

Because you're worth it.

[CNXexpat]

Wait a little bit and buy. The virus is not forever and then it´s business as usual and the stocks will rise to the old numbers again. Great opportunity. Same as at 9/11 and the days after.

[PatOngo]

Ok, where the face saving counter claim?...……......Bring it on! Lie if you have to!

[saengd]

5 minutes ago, PatOngo said:

Ok, where the face saving counter claim?...……......Bring it on! Lie if you have to!

The Index is down 14% but those are Thai percent, not farang percent, they're not the same thing, you're a farang you wouldn't understand. ????

[PatOngo]

9 minutes ago, saengd said:

The Index is down 14% but those are Thai percent, not farang percent, they're not the same thing, you're a farang you wouldn't understand. ????

I understand enough to keep my money well away from these clowns!

[Fex Bluse]

These damaging articles increasingly appear in subforums that are less popular. 

[strewth mick]

13 hours ago, CNXexpat said:

Wait a little bit and buy. The virus is not forever and then it´s business as usual and the stocks will rise to the old numbers again. Great opportunity. Same as at 9/11 and the days after.

A lot of experts on this forum.

[saengd]

1 hour ago, strewth mick said:

A lot of experts on this forum.

You're right, I suggest you wait until they are at the peak before buying, just to make sure the recovery is real!

[strewth mick]

42 minutes ago, saengd said:

You're right, I suggest you wait until they are at the peak before buying, just to make sure the recovery is real!

I'm waiting for my taxi driver to recommend what to buy

[30la]

Is this the beginning of the fall of the Thai "EMPIRE" ???

[Assurancetourix]

14 hours ago, saengd said:

The Index is down 14% but those are Thai percent, not farang percent, they're not the same thing, you're a farang you wouldn't understand. ????

 

We have known for a long time that Thai and arithmetic has been more than two ;

 

Only in Thailand a cake can be made up of ingredients whose total sum is greater than 100%

 

[soalbundy]

46 minutes ago, 30la said:

Is this the beginning of the fall of the Thai "EMPIRE" ???

No, storm in a teacup, once corona gets the same treatment as influenza and this silly panic dies down teflon Thailand will rise from the ashes, of course the the students who are awakening from their lethargy could prolong and even exacerbate the situation, all previous unrest arises from the students (a worldwide phenomena) the government ignores them at their peril. Anything that lowers the Baht has my approval though.

[fulhamster]

17 hours ago, khwaibah said:

CRASH BAHT CRASH.????

It's still getting stronger

 

[FarFlungFalang]

17 hours ago, khwaibah said:

CRASH BAHT CRASH.????

Baht strengthening against Aussie dollar!

[finnishmen]

i hope baht come down and fast, normal baht has before good 1/50 or better if have 1;70 then baht have right places. now have apnormal high.

[DPKANKAN]

18 hours ago, ThomasThBKK said:

Told you so Thailand.

But it ain't just the Coronavirus causing problems!! There are many more Asian Countries with worse virus.

Thailand your economy is in free fall!! Soon the Baht will crash!! Yeah Yeah!! ????????????????

[khunPer]

☹️

[Baerboxer]

2 hours ago, soalbundy said:

No, storm in a teacup, once corona gets the same treatment as influenza and this silly panic dies down teflon Thailand will rise from the ashes, of course the the students who are awakening from their lethargy could prolong and even exacerbate the situation, all previous unrest arises from the students (a worldwide phenomena) the government ignores them at their peril. Anything that lowers the Baht has my approval though.

 

Indeed. Guess many posters see this headline and get dizzy with excitement at the chance to knock Thailand. They should check out how other stock markets are doing!

[Mac98]

If you believe the market will recover, buy some now. If it drops much further (to -20%), buy more. It only has to recover to barely above this level to break even. 

[johnnysunshine]

Buy GOLD!

[uli65]

Buy Gold, Silver and Bitcoin

[Loongharkok]

8 hours ago, Baerboxer said:

 

Indeed. Guess many posters see this headline and get dizzy with excitement at the chance to knock Thailand. They should check out how other stock markets are doing!

Check how other stock markets are doing you ask?

Well.......they are all doing better than Thailand's.

Thats why Thailands stock market is described as the worst.

Your junta is <deleted>.

[kingdong]

The writings on the wall,1997 all over again,the corona virus will be the straw that breaks the camel's back.

[kingdong]

3 hours ago, johnnysunshine said:

Buy GOLD!

And guns

[baansgr]

Monday morning will be interesting????