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.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
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