Investment bankers predict a sharp jump in activity in the primary market following March’s strong rally on the Stock Exchange of Thailand.
Only one company – Indorama Ventures – listed on the SET in the first quarter of the year, due largely to unsettled domestic politics and uncertainties about the strength of the global economic recovery.
But recent economic data show a steady recovery for the Thai and global economy, prompting companies to revise investment plans and consider testing the market to take advantage of the recent runup in share valuations. The SET index rose by more than 9% in March to close the first quarter at 787.98. After gains over the past week the index closed on Monday at 808.15.