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SET says Thai stock market remains attractive to foreign investors

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SET says Thai stock market remains attractive to foreign investors

  

BANGKOK, 13 September 2016 (NNT) - The Stock Exchange of Thailand (SET) said the Thai stock market remains strong and attractive to foreign investors. 

SET Senior Executive Vice President, Head of Corporate Strategy Division, and Head of Finance & Investment Division Phakorn Peetathawatchai made the statement after a 5 percent decline in the Thai stock market from 1,550 to 1,430. He brushed it off as nothing out of the ordinary for traders to sell off their stocks at a profit. 

The stock and currency markets has been showing volatility ahead of the US Federal Reserve meeting, which will be held soon this month. Mr. Phakorn said that even if the Fed decides to increase the interest rate policy, it will have little impact on the Thai stock market, given the Kingdom’s strong economic foundation. 

He claimed that the Thai stock market will continue to generate higher returns than any other stock market. The SET main index closed at 1,548.44 points in August, a 20 percent increased year-on-year. It was also the highest increase of any Asian nation. 

However, Mr. Phakorn cautioned investors to study company profiles thoroughly before deciding to invest.

Information and Source

 
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-- nnt 2016-09-13
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Nice ... taking the highest in August at 1,548 instead of the actual number of 1,436 as of now.

Makes numbers look much nicer and hides the fact that Set has lost just 100 points in the last 2 weeks ... that's just 7% loss in 2 weeks.

 

But it makes people happy even if it's all fake.

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2 hours ago, webfact said:

5 percent decline in the Thai stock market from 1,550 to 1,430.

 

Not really 5% but 7,8 % in only 2 weeks .. and as wrote brain150 .." if people are happy " I'm also happy  :cheesy:

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At least at a casino they might serve you drinks and nuts.  In the Thai stock market you have to be a nut to invest :cheesy:

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6 hours ago, Jimbo2014 said:

At least at a casino they might serve you drinks and nuts.  In the Thai stock market you have to be a nut to invest :cheesy:

If you work legally, you can buy LTF (Long Term Funds) and get very decent rebates on your taxes plus the returns on the LTF over 3-5 years. Its not as crazy as you think. I made some decent returns doing that. 

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9 hours ago, brain150 said:

Nice ... taking the highest in August at 1,548 instead of the actual number of 1,436 as of now.

Makes numbers look much nicer and hides the fact that Set has lost just 100 points in the last 2 weeks ... that's just 7% loss in 2 weeks.

 

But it makes people happy even if it's all fake.

 

Did you even read the article? His comment follows the drop in the SET from 1548 to 1430 as he clearly and correctly stated  as being nothing out of the ordinary for traders to sell off their stocks and take profits. This is how the market moves and has done so many times in the past only to move higher once a bottom has been found. An astute investor would take this as an buying opportunity to buy following these sell offs. Take note of the recent movements in the DOW as an example. Are you sure your forum name is  displayed correctly as brain150 and should maybe have been displayed as braindead?

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13 hours ago, Jimbo2014 said:

At least at a casino they might serve you drinks and nuts.  In the Thai stock market you have to be a nut to invest :cheesy:

 

  Or drunk!

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13 hours ago, Jimbo2014 said:

At least at a casino they might serve you drinks and nuts.  In the Thai stock market you have to be a nut to invest :cheesy:

 

  Or drunk!

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13 hours ago, Jimbo2014 said:

At least at a casino they might serve you drinks and nuts.  In the Thai stock market you have to be a nut to invest :cheesy:

 

  Or drunk!

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18 hours ago, apalink_thailand said:

If you work legally, you can buy LTF (Long Term Funds) and get very decent rebates on your taxes plus the returns on the LTF over 3-5 years. Its not as crazy as you think. I made some decent returns doing that. 

 

Perhaps on funds you will do ok as by sheer development muster Asia must move forward and until recently demographics and a low starting base have moved the economy forward in Asia.  But IMO investing in individual companies is a huge risk here.  There is poor transparency and many owners treat companies as family businesses.  The legal environment is weak and government interference in business is high.  Even with the big banks there is very poor transparency concerning potential bad loans.  I guess the same could be said for some western companies listed on western stock exchanges (as 2008/9 proved) but I think financial auditing for long running and well managed companies is far stronger in most developed countries.  I would consider any investment in the thai stock market as highly speculative.

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A few days ago Bangkok Post had an article citing 'domestic factors', 'other events' and warned investors to brace for a sharper dip.

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