BANGKOK, July 10 – The SET reveals that investors are keeping an eye on the prime minister's choice. Ready to accelerate to attract investment After the turnover is thin, the first half of the year smiles, the trend in the second half many positive factors Prepare to join hands with many agencies. Prevent Investment Scams
Mr. Pakorn Peetathawatchai Director and Manager The Stock Exchange of Thailand said that the selection of Prime Minister and establishment of a new government If it's clear will affect the Thai stock price index for investment trends in the second half of the year It started showing positive signs. Therefore, there are many companies applying for listing on the stock exchange. It also expects that listed companies' performance in the fourth quarter will turn out well, despite the monsoon from the global economic slowdown. In addition, the capital outflow problem began to improve. It is expected to flow back in the second half of the year.
SET also join hands with the Office of the Securities and Exchange Commission, Thai Bankers Association Investment Analysts Association Join the anti-fraud campaign on July 24 because there is a problem with fraud. persuaded to invest in the Thai stock market a lot Therefore, investors are encouraged to study and analyze information of listed companies correctly. And how is it related to stocks that you want to invest in?
As for the case of asset sequestration And moving forward to punish STARK executives, it is considered that cooperation with many agencies, including ESI, the SEC, has progressed and coordinated closely. Make the litigation process progress quickly. to build confidence in investment because regulators and the stock market Want to create new retail investors to invest in the stock market more after organizing SET In The City at the end of last week It is considered that the new generation is interested in studying a lot of investments. Therefore opened more investment accounts SET Requires retail investors to increase from the current 6 million accounts. to absorb and reduce the impact of capital inflow-out problems of foreign investors And create more trading value in the stock market, admitting that now the trading value is thin due to many factors slumping
Mr. Soraphol Tulyasathien, Deputy Manager, Head of Corporate Strategic Planning Division The Stock Exchange of Thailand revealed that the short-term Thai stock index If the process of selecting the Prime Minister is clear, it will send a signal similar to the appointment of the Speaker of the House of Representatives. The stock market will respond well. If the selection process is protracted or unsuccessful, the stock market will slow down investment or turn to suspend investment in the stock market of other countries instead.
As for the return of assets in each group in the first half of 2023, it was found that investors are increasingly interested in risky assets. Especially in growth stocks and large technology sectors. In addition, high-yield debentures yield higher returns than overall debentures, reflecting the investor's view that the global economy will not enter a severe recession. Meanwhile, analysts expect to see signs of a massive fiscal stimulus from the Chinese government to help bolster its sluggish economy. This may have a positive effect on Thai listed companies which benefit greatly from trading with China. including the tourism sector
In June 2023, the World Bank expects the Thai economy in 2023 to expand by 3.9 percent, supported by domestic demand and tourism. Admitted that the confidence of investors in the Thai stock market has decreased from the beginning of 2023 due to the default of debentures of some listed companies. As a result, investors are concerned about investing in the equity market. and bonds Therefore, selling pressure was seen in medium and small-sized stocks. but domestic politics Getting better after getting the chairman of the council resulting in various indices getting better Considering the SET's Forward PE ratio is still relatively lower than the historical average. Causing domestic individual and institutional investors to return to net purchases in the first half of 2023.
As for the investment atmosphere in the Thai stock market at the end of June 2023, the SET Index closed at 1,503.10 points, a 2.0 percent decrease from the previous month. and a decrease of 9.9 percent compared to the end of the previous year. Moves in the same direction as other stock indices in ASEAN.
for industry Better than the SET Index compared to the end of 2022, including technology, finance, services and consumer products.
The average daily trading value in SET and mai was 47,893 million baht, a 33.2 percent decrease from the same period last year, with the average daily trading value in the first 6 months of 2023 at 58,670 million baht, with foreign investors selling net for the fifth month In June 2023, foreign investors sold a net of 8,617 million baht. Foreign investors have the highest proportion of trading value for the 14th consecutive month. In June 2023, there are 1 new listed company trading in the SET, namely Bangkok Lab and Cosmetic Public Company Limited (BLC) and mai 2. The stocks are TBN Corporation Public Company Limited (TBN) and Thai Parcel Public Company Limited (TPL). which is at 12.8 times and Historical P/E is at 20.6 times, higher than the average of Asian stock markets at 14.
Source: Thai News Agency