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Investors in limbo as Thailand’s SET ends 2018 down 10.8%

Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China caused heavy capital outflows.

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2018 was a grim year for equities all round, as only two exchanges in all of Asia Pacific — Mumbai and Wellington — ended the year with positive returns.

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Shanghai, (-24.9%) for the year to Dec 27, was the world’s second-worst performer behind Athens (-25.5%).

But according to Nikkei editors Thailand, for example, who raised its key interest rate for the first time in seven years, is among Asian equity markets likely to attract buyers if investors rethink their portfolios as the U.S. economy slows and the Fed reviews its monetary policy.

Foreign investors were net sellers on the SET for the fourth year out of the past five (2016 was the exception with net buying of 77.9 billion baht).

But their net sales in 2018, at 287.45 billion baht, were more than 10 times the 2017 total of 25.75 billion, says the Bangkok Post.

For the year, Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China sapped risk appetite and caused heavy capital outflows.

Indonesian stocks declined the least, falling about 2.5%.

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SET

Thailand’s Stock Exchange (SET)’s board elects Prasarn Trairatvorakul as new Chairman

The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) today resolved to elect Prasarn Trairatvorakul as the 17th Chairman of the Board to succeed Chaiyawat Wibulswasdi whose term has ended

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The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) today resolved to elect Prasarn Trairatvorakul as the 17th Chairman of the Board to succeed Chaiyawat Wibulswasdi whose term has ended, as well as to name Pichet Sithi-Amnuai as Vice Chairman. The current BoG has a three-year tenure, effective from today to February 4, 2024.

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Investment

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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Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

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Asean

Thailand’s Stock Exchange (SET) market report for January 2021

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BANGKOK – The Stock Exchange of Thailand (SET) Index rose in
January, though a new wave of COVID-19 pandemic in domestic market prompted the
government to impose a partial lockdown and the inter-provincial travel
restriction in some areas.

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