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Promising future for Thai SET in healthcare, tourism, food sectors

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Despite the slow recovery of the Stock Exchange of Thailand (SET) from last year’s significant slump, executives see a promising future in healthcare, tourism, and food stocks. They believe these sectors can offer attractive opportunities for investors and encourage more companies to enlist on the bourse.

 

Manpong Senanarong, SET Senior Executive Vice-President and head of the Issuer and Listing Division, stated that Thailand’s competitive advantage lies in these sectors. The country’s healthcare industry, for instance, is robust, with significant hospital players that can branch out into related businesses like wellness and medical equipment, along with additional value-added services. This growth is backed by Thailand’s transition into an ageing society.

 

Similarly, the tourism and food industries have shown substantial growth. The country’s rich biodiversity gives the food industry a competitive edge, with plant-based food being a new avenue for manufacturers to explore.

 

SET President Pakorn Peetathawatchai echoed these sentiments, pinpointing digital nomads and health tourism as potential growth areas within the tourism sector. However, he also noted that the SET index had fallen 14% in 2023, mirroring the drop in other regional bourses, and has fallen 6.3% year-to-date. This is primarily due to lower-than-anticipated corporate earnings, a slow post-pandemic economic recovery, and the rise in energy expenses resulting from global geopolitical tensions.

 

By Alex Morgan

Caption: PHOTO: via Bitcoin news

 

Full story: The Thaiger 2024-02-07

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

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12 hours ago, snoop1130 said:

Despite the slow recovery of the Stock Exchange of Thailand (SET) from last year’s significant slump, executives see a promising future

Wishful thinking....

Thailand ETF which trades in the US already down 5.5% YTD. Off to a great start (chuckle). Compared with the S&P 500 which is up 5.4% YTD. The tighter they turn the screws (especially on expats) it further shrinks the investable asset pool. Thankfully our investments remains well out of this country and the performance is well, significantly better as a result. 

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