Thailand’s stock market sees a ‘baht’ of foreign interest

[snoop1130]

 

Foreign investors have increased their holdings of Thai shares by 1.37% in the first eight months of 2024, reaching a total of 5.18 trillion baht, based on data from the Stock Exchange of Thailand (SET). This rise highlights the growing interest in the technology, financial, and services sectors.

 

By August 2024, foreign investors held over 5.18 trillion baht (US$155 billion) in Thai shares, marking a 1.37% increase from the end of 2023. Their investments comprised 30.8% of the SET’s market capitalisation, which stood at 16.6 trillion baht (US$500 million) at the end of August.

 

The SET’s research department revealed that the top three sectors for foreign investment are technology, financial, and services, with a combined value of 3.81 trillion baht (US$114 billion). Within these sectors, the electronics component industry saw foreign ownership totalling 1.36 trillion baht (US$40 billion), followed by banks at 754 billion baht (US$22 billion), information and communication technology at 666 billion baht (US$20 billion), and energy and utilities at 648 billion baht (US$19.5 billion).

 

Approximately 75.2% of the shareholding value of foreign investors is in the MSCI Thailand index, mirroring the same period in 2023, according to the SET.

The list of the top five foreign investors on the SET remained consistent with the previous year. Investors from the UK led the rankings, followed by those from Singapore, Hong Kong, Switzerland, and the US. The Netherlands, Japan, Taiwan, France, and Mauritius rounded out the top 10.

 

“The SET anticipated the holding of foreign investors increased in September given that Thai share prices rose by 6.6% last month, with net foreign buying of 28.9 billion baht (US$867 million),” stated the bourse.

 

The SET also mentioned that foreign investors returned to Thai stocks at the highest level in 22 months in September. This resurgence contributed to the rapid appreciation of the baht, driven by factors such as falling global interest rates, risk diversification into emerging market stocks, political clarity following the election of a new prime minister, and robust Thai economic indicators, reported Bangkok Post.

 

According to Daol Securities, the four most popular stocks among foreign investors in September were Bumrungrad Hospital (BH), Bangkok Dusit Medical Services (BDMS), CP ALL, and Gulf Energy Development (GULF), all of which continued to perform well.

 

By Bright Choomanee

Picture courtesy of Bangkok Post

 

Source: The Thaiger

-- 2024-10-16

 

 

[lordgrinz]

All of these investors should be ashamed of themselves for supporting this corrupt government. I hope karma truly does come their way.

[Will B Good]

17 minutes ago, lordgrinz said:

All of these investors should be ashamed of themselves for supporting this corrupt government. I hope karma truly does come their way.

 

 

If it does it looks like they'll be using Bumrungrad for treatment.

[realfunster]

Despite this wonderfully positive SET market outlook, for investment performance and many, many other reasons, I know where I will continue investing my hard earned...risk of repatriation taxes by RD or not.....

[Gottfrid]

3 hours ago, snoop1130 said:

This rise highlights the growing interest in the technology, financial, and services sectors.

Another alternative would be that they only see a very unstable market, and just interested to get the bucks and move on.

But no no no! They always believe that Thailand is the promised land and the golden goose that all have soo much interest in.

[soalbundy]

12 hours ago, lordgrinz said:

All of these investors should be ashamed of themselves for supporting this corrupt government. I hope karma truly does come their way.

Money never cared about politics unless it felt threatened by policies, money is pragmatic, all it wants to do is multiply in safety.

[lordgrinz]

1 hour ago, soalbundy said:

Money never cared about politics unless it felt threatened by policies, money is pragmatic, all it wants to do is multiply in safety.

Yes, money is the root of all evil.

[jippytum]

The thai stock market has still some way to go to instill confidence for investors. 

 Many company directors   stole stockholder funds exposing massive fraud in several companies during the previous twelve months. 

[retarius]

Anyone think the Thai stock market might be worth a flutter with, say 5 to 10% of net worth.

I have avoided it like the plague in the past because of the endemic corruption in Thailand...if the government, the police, the army, the local amphoes, and every institution is corrupt what are the chances of the Stock Market being fair to investors. 

[john donson]

inside trading...government connections to make sure to get billion baht contracts... the rest is just gambling

[lordgrinz]

1 hour ago, retarius said:

Anyone think the Thai stock market might be worth a flutter with, say 5 to 10% of net worth.

I have avoided it like the plague in the past because of the endemic corruption in Thailand...if the government, the police, the army, the local amphoes, and every institution is corrupt what are the chances of the Stock Market being fair to investors. 

 

You'd be better off playing the lottery.

[retarius]

10 minutes ago, lordgrinz said:

 

You'd be better off playing the lottery.

I'm actually looking at somewhere for the wife's money....security a must for when I am no longer here. I have provided for her, but have  little or no growth which it sitting in the bank making 1.5%. I am certainly sceptical of the stock market and am doubtful that it isn't all rigged just to benefit the mega rich.  A sad state of affairs. 

[lordgrinz]

3 minutes ago, retarius said:

I'm actually looking at somewhere for the wife's money....security a must for when I am no longer here. I have provided for her, but have  little or no growth which it sitting in the bank making 1.5%. I am certainly sceptical of the stock market and am doubtful that it isn't all rigged just to benefit the mega rich.  A sad state of affairs. 

 

My wife insists on buying condos, which she rents out, they will be her security for the future.

[soalbundy]

2 hours ago, lordgrinz said:

Yes, money is the root of all evil.

Money is neutral, it doesn't care who owns it or what it's used for. People however can use it pragmatically, invest it  to strengthen a company and increase jobs or for good in a philanthropic manner or for evil which causes harm to others while enriching oneself, it is a truly democratic medium which allows all things to all people. I think it was Mark Twain who said, "Man is the only animal that blushes....or needs to", but you can't blame money for greed, that is an intrinsic part of mans  nature.

[outsidetrader]

On 10/9/2024 at 6:50 AM, Denim said:

 

Is that a typo ?

 

Should be .....leaving lingerie  questions.

 

On 10/9/2024 at 11:43 AM, poppysdad said:

Seems a contradiction to use both together judging by the amount of water our air conditioner places outside every morning but I wake up a couple of times a night for a toilet visit with a dry throat and lips. My wife suffers even more so than I do. Before anyone suggests the obvious air conditioning does greatly improve my breathing issues. 

So, anyone have experiences of using both together and was it successful plus any advice on models and make etc. 

 

19 hours ago, lordgrinz said:

All of these investors should be ashamed of themselves for supporting this corrupt government. I hope karma truly does come their way.

Think you are a bit naive and really don't get the bigger picture .Without these mega foreighn funds holding massive holdings , they can dictate and help put pressure on unwanted government's ( not just Thailand) They indeed determine where your baht is heading on the exchange rate .Remember ...they can dump the shares and do so at anytime and right now they will be simply reloading and be net sellers again , which will favour the exchange £€$ when they reverse .

Without the Foreighn funds this country would be in a bigger mess .

They are here to make profits whatever it takes and after a buying spree ( only just started again yesterday for this month ) then they of course sell and in turn brings the exchange rate more user friendly too ..Do some homework as this is how it works ......

Hence the force of the BOT trying to keep a stable bht by buying stocks heavily too and now the interest rate cut .....