Connect with us

SET

Election next year could send SET to an all-time high of 2,000 points

SCB Securities has said that growth in listed companies and foreign investment could drive the SET Index to 1,900 this year

Boris Sullivan

Published

on

SCB Securities has said that growth in listed companies and foreign investment could drive the SET Index to 1,900 this year, while the election next year could send the index to a new high of 2,000.

Pornthep Jubandhu, President of the Investment Strategy Department at SCB Securities Research Group, said that despite volatility in capital markets abroad, the SET Index could exceed 1,800 and potentially reach 1,900.

He cited a four-year high in foreign investment that reached 11.4 billion US dollars over the past 12 months.

The International Monetary Fund also upgraded its economic forecast for Thailand this year and next year, in contrast with its downgrade of global performance.

The country’s outlook is further brightened by the current slowdown in capital outflows, along with 20% growth in listed companies.

Rising benchmark interest rates are also expected to benefit industrial zones and banks.

Furthermore, the election next year could provide the market with the opportunity of reaching an all-time high of 2,000 points.

However, macroeconomic risk factors include Britain’s scheduled exit from the European Union, Italy’s budget crisis and the US-China trade war. National News Bureau Of Thailand | SCB Securities: Election next year could send SET to 2,000

Comments

Markets

Thai index falls 10%, SET activates circuit breaker

Today’s circuit breaker, the fifth ever by the SET, is the second this week after the first yesterday, and followed a 2,000-point drop of Dow Jones last night

National News Bureau of Thailand

Published

on

Concerns over the coronavirus disease 2019 (COVID-19) have strongly impacted investment in stock markets around the world, including Thailand.

(more…)
Continue Reading

SET

Thai SET in free-fall triggers circuit breaker

The Stock Exchange of Thailand (SET) lost more than 10% today, triggering an automatic suspension off the market during 30 minutes

Avatar

Published

on

Thai stock exchange nosedived on Thursday morning after the World Health Orghanization declared a global Covid-19 pandemic and the US banned the entry of travellers from mainland Europe.

(more…)
Continue Reading

Markets

Thailand Futures Exchange records 31 percent trading volume rise in 2018

Thailand Futures Exchange PCL (TFEX)’s 2018 derivatives trading volume surged 31 percent from the previous year

Boris Sullivan

Published

on

Thailand Futures Exchange gears up for liquidity and quality in 2019 after 31 percent trading volume rise in 2018 and total trading volume surpassed 100 mln contracts in 2018.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,632 other subscribers

Trending