Thai stock market still tempting for foreign investors despite global volatility

 

BANGKOK, 24 November 2016 (NNT) - Analysts have forecast further volatility in global stock markets, due to the economic policy of US President-elect Donald Trump, but the Thai stock exchange will continue to draw foreign investors. 

During a seminar on the world economic outlook, Usara Wilaipich, Senior Economist at Standard Chartered Bank Limited, commented that Trump’s plan to cut corporate income tax from 35 to 15 percent would lead to US companies overseas pulling their capital back to their home country, which would strengthen the dollar. Trump’s policy, however, would have a minimal impact on Asia. 

Ms. Usara estimated that the Thai stock market would be among those still attracting foreign investors, thanks to the government’s infrastructure investment, an upswing in consumption, and the approaching end to debts run up by the first-car project of the previous administration. 

Prapas Tonpibulsak, chief investment officer of Talis Asset Management, estimated that companies listed in the Stock Exchange of Thailand (SET) would reap record-high profits of over 950 billion baht next year. The Thai Baht, which remains stable compared to other currencies in the region, and a likely increase in foreign exchange reserves will also make the Thai stock market alluring. The SET index is likely to range from 1,400 - 1,800 points next year. 

Meanwhile, Kritcharat Hiranyasiri, President of MTS Gold, forecast a downward trend in gold prices, saying gold may trade at 1,000 - 1,360 dollars per ounce next year as a result of the stronger US dollar and a Fed interest rate hike.

 

-- nnt 2016-11-24

 

Well, duh! Of course it is!

 

Just like Thailand is pulling in tourists in droves, no ISIS and basically no worries about anything.

 

Everything is just awesome all the time. Think less and you'll worry less. Just don't forget to breathe. 

 

 

Glad to read this news  story, good luck to all of  the  investors and

I won't be buying  any stocks any time soon

Geezer

Thank God I have no money or I might have been tempted to rush out and splash out on some of these wonderful shares next week!  

ISIS will go to Indonesia after leaving Syria. Then on to Malaysia and finally to Thailand. 

it's even more true if you are a local (regardless of nationality, that's Thai law) cause you get a tax refund of the corporate tax assessed ahead of the dividend... which is quite a boost. and you can get in and out just ahead and after them because the Thai market is too stuck on price level action in which most stocks never go XD in price.... even though they actually do.. in actual dividends. powered by Farlang Thai Market Doubters and Thai 1997 Worrywarts both of which of there are a still plenty of.

Edited November 25, 20169 yr by maewang99

What kind of reporting is this?  Setting aside for a moment that the conclusions are delusional, it's a story about a bunch of Thai's in the investment business telling themselves that everything is going to be good.  There is not a fact or figure involved nor is there any input from major foreign investors.  Why do people write stuff that is simply a fluff PR piece for the Thai investment community?  Where is the journalism?

For once I agree with an "analyst/economist" Looking at stocks on the US market and a good example is Priceline $1500 for a single share (last time I looked) Stocks here and in Asia are really cheap and it looks like Asia will prosper in the future. Americans will raise rates for sure in December and the Fed could get really brave and do the dirty twice next year. They could strike with impunity during the Donald's first term (goodbye Janet) That will put the skids under Europe as all those Euro's will come to the USA looking for a home. As there is no longer any rhythm or reason in the stock market today and I hear some analysts talking 31,000 next year due to the greed factor. This could also attract some of the hot money flowing into Asia time will tell. Sadly America cannot be an island unto itself in this global world. If rates hit 1 to 1/2 percent next year while Europe  is ratcheting theirs down and bond buying well it could turn nasty. Also this means the US national debt gets more expensive to finance by a factor of 3. Seems I read that the interest rates would go from approximately 250 billion a year to 750. Could be the straw that breaks the camels back but then again the printing presses are rolling non stop.