Stock Exchange of Thailand SET president Charamporn Jotikasthira on Monday warned investors to invest in the market with caution, saying there are bubbles in the trading of some stocks.

He said the SET composite index had surged rapidly and surpassed the 1,000-point level because Thailand’s economic fundamental is strong, returns on investment in the stock markets are higher than saving returns, and foreign capital continued flowing into Thailand, particularly in the past 3 months.He conceded prices of some stocks are higher than they should be. Bubbles are seen in trading of some securities. So, he advised investors to invest in the market with greater caution and to seek additional information from securities analysts because the market runs the risk of plunging if foreign investors took profits and withdrew money from the country rapidly.However, he affirmed the overall market had not experienced such bubbles.

Regarding a possible move by the government to collect taxes on the capital inflow to slow the baht appreciation, the SET chief said he had not yet discussed the matter nor did he believe that capital flowing into the stock market would be taxed.Rather, he said the tax measure would be taken in the bond market because capital flowing into the market is as high as Bt250 billion while that in the stock market is around Bt60 billion.

via SET chief warns investors of bubbles in some stock trading.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like
SET News : SET wins two international awards, enhancing leadership position in Asia

SET welcomes leading biofuel producer BBGI

Given that its major shareholders are Thailand’s two leading biofuel manufacturers namely Bangchak Corporation pcl (BCP) and Khon Kaen Sugar Industry pcl (KSL), the company has gained the synergy of raw material supply and product distribution.
mai News :mai welcomes veterinary medicines and medical devices "BIS" on May 5

mai welcomes veterinary medicines and medical devices “BIS”

The founders and executives are experienced veterinarians with expertise in this business for over 18 years, resulting in the ability to understand and respond to customers’ benefits and needs
SET News : SET wins two international awards, enhancing leadership position in Asia

Thai listed companies reported THB 986 billion ($29.4 bln) profit in 2021

Companies listed on The Stock Exchange of Thailand (SET) reported considerable sales growth in 2021, resulting from higher commodity prices and satisfactory adaptation to COVID-19 situation. The profitability index has also returned to its pre-COVID-19 level.