Banks see growth in fees, service income Signs of recovery in the Thai economy and stock market in the first quarter raised equity and mutual fund investment, as well as fee-based income for Thailand’s banking sector. Ten SET-listed commercial banks reported combined fees and service income of 43.4 billion baht in the first quarter this…
Economy still likely to grow The Thai economy is expected to grow 2.6% this year as the third wave of Covid is unlikely to affect the Stock Exchange of Thailand (SET) Index as much as the previous waves, says Asia Plus Securities (ASPS). Investors are recommended to increase investments in the electric vehicle (EV) and…
Investment themes turn more towards cyclical plays March has started out with very good news. Vaccine distribution is now under way in Thailand, with more than 30,000 people vaccinated so far. This comes not a second too soon as the lockdown during the first two months of the year had dragged the economy back down.…
Business Department Aims to Promote SME Listings BANGKOK (NNT) – The Business Development Department has vowed to step up support for medium-sized wholesale and retail operators listing on the Stock Exchange of Thailand (SET) to raise funds to finance business expansion, in addition to ensuring their good corporate governance. Deputy director-general Poonpong Naiyanapakorn said the department…
SET trading rose 43% in February, signals recovery Trading value on the Stock Exchange of Thailand (SET) in February rose 43% from the same period last year, with stocks in the food, banking and industrial sectors outperforming and providing a strong sign of a global economic recovery. Soraphol Tulayasathien, the SET’s senior executive vice-president, said…
Key economic data to determine direction of SET Index next week Five issues would affect the Stock Exchange of Thailand (SET) Index next week, an expert said on Sunday. An analyst at Kasikorn Asset Management expected the SET to have support at 1,485 and 1,500 points, but resistance at 1,520 and 1,530 points. He said…
Risk-Averse Thai Investors Clash With Central Bank’s Baht Goals (Bloomberg) — The Bank of Thailand is scrapping obstacles for Thais to invest directly in foreign equities in an effort to stall the baht’s relentless rally, but will need to overcome locals’ traditional risk aversion for the program to succeed. Regulatory changes include raising the cap…
Fund Inflows to Propel Thai Stocks Already at Record Valuations (Bloomberg) — Thai stocks, already trading at record-high valuations, are poised for further gains as foreign funds invest on optimism Covid-19 vaccines will help the tourist-dependent economy recover, according to Thailand’s biggest private money management firm. The SET Index could rise by as much as…
Thai Airways adds another 21.5 billion baht debt in Q3 report Thai Airways has accumulated more losses, on top of a decade of annual losses, for the latest quarter. At the moment the national airline’s debt is four times higher than last year’s debt. The airline, already struggling, has been mostly grounded since the end…
Shrinkflex (SET: SFT) is Listed on the Stock Exchange of Thailand BANGKOK, Nov 6, 2020 – (ACN Newswire) – Shrinkflex (Thailand) PCL (SET: SFT) is a leading provider of integrated labeling solutions featuring plastic shrink films in ASEAN. On October 29 the company was listed in the Market for Alternative Investment (MAI). SFT executives are…