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Thai market remains persuasive to foreign funds

Thailand’s stock market remains positive in the eyes of funds management companies from the U.S. and Europe, the Stock Exchange of Thailand president Patareeya Benjapolchai told reporters during a road show trip to Boston, New York and London.

Despite the economic contract, the country’s infrastructures remain strong with relatively low-level of non-performing loans in the banking sector and sufficient liquidity in the consumer market.

The country’s long political conflicts have been resolved and the government is now better stable.

Over the last two months, foreign investors were net buyer of more than 10 billion baht with turnover above 100 million baht daily, or accounting for more than 2.0 percent in the Thai equity market.

However, the international fund management still views the Thai bourse as small market with restrictions on foreign investors’ activities, comparing to its neighboring Singapore’s stock exchange, which receiving highly rated in term of flexibility, trading access and tax incentive.

Ms. Patareeya said the road show will give the international investment funds with boarder prospects of the Thai economic outlook and the market’s information disclosures.

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1 Comment

  1. Nice Post. It is quite interesting…
    Thailand

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