Stocks

  • Business News

    Thai dividend stocks outperform bank deposits

    The quest for investments with steady returns in an era of global volatility and high interest rates has led many investors to gravitate towards dividend stocks. With the potential for yields exceeding 5% and a payout that can reach up to 20% yearly, these stocks offer a lucrative alternative to conventional bank deposits. A study conducted by the Stock Exchange of…

  • Business News

    Thai economy struggles post-election, foreign investment declines

    Thailand’s economy continues to struggle despite the first General Election since 2019, which was anticipated to stimulate growth and attract foreign investors. Instead, the nation has seen its benchmark stock index decline for the fifth quarter consecutively, foreign investment is waning, and the baht is showing the second-worst performance amongst Asian currencies. According to Narongsak Plodmechai, CEO of SCB Asset…

  • Thailand News

    Thai surgeon scammed out of 12 million baht in stock trading ruse

    A prominent Thai cosmetic surgeon fell victim to an elaborate stock trading scam, losing over 12 million baht (US$333,000) in just a fortnight, with the false promise of a 44 million baht (US$ 1.2 million) profit. The scam, known as a Hybrid scam, involved a woman who purportedly managed an investment system within the CLC GROUP app. The 70 year…

  • Business News

    Enhancing transparency and trust: SEC’s cautionary measures

    In a bid to enhance transparency and trust in the capital market, the Securities and Exchange Commission (SEC) is set to introduce cautionary measures for securities that fail to conform to the listing regulations. This initiative will start on April 1. The SEC is also considering a revamp of its listing rules to elevate the quality of listed companies by…

  • Business News

    Stock slide stalls: Thai stock market slump set to stabilise as analysts predict limited decreases

    The Stock Exchange of Thailand (SET) index has been subjected to a downward revision this year, dipping to a three-month low of roughly 1,470 points. This has led market analysts to believe that further decreases are now limited. Kasikorn Securities (KSEC) consequently altered its SET index target to 1,544 points by the close of 2023, a significant drop from the…

  • Business News

    Thai stocks fall 1.3% amid fears of high interest rates impact

    Share prices experienced a surge on Friday, reversing earlier downtrends and Wall Street’s sell-off, as traders weighed the implications of further interest rate hikes by central banks grappling with inflationary pressures. Thai stocks fluctuated between 1,503.23 and 1,539.40 points before ending yesterday at 1,522.59, marking a 1.3% fall from the previous week, with daily transactions averaging 52.06 billion baht. Retail…

  • Business News

    Global investors navigate high interest rates amid inflation control efforts

    Amid recession concerns, inflation, and high interest rates, investors seek promising investment avenues. Stock enthusiasts believe global interest rates are close to peaking, while central banks watch inflation. The US Federal Reserve raised the federal funds rate to 5.25-5.50% in July, the highest in decades. The European Central Bank increased rates by 0.25%, and the Bank of Japan hints at a…

  • Business News

    Tech sector recovery drives global stock market surge despite China concerns

    Tuesday saw global stock markets rise due to strong tech recovery, despite worries about China’s slow economy and US rate uncertainty. Nvidia’s shares increased by 8.5% on Monday, boosting trading in Asia and Europe. In New York, Nvidia’s shares went up by 2.5% before its second-quarter report today, Wednesday. At the beginning of trading, Nasdaq focused on technology and rose…

  • Business News

    Business uncertainty grows as Thai stock slide continues amid Chinese property defaults and Russian turmoil

    Analysts flagged potential downswings to the Thailand Stock Exchange (SET) index due to ongoing business uncertainties in Russia and loan defaults in China’s property market. Over the past week, the SET index experienced a seven day consecutive drop, and despite brief rallying, finished in the red. Concerns stemming from smaller stock performances and news of Chinese property market default have…

  • Business News

    Stock exchange warns investors: Tread carefully on OTO shares

    Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for investors to be cautious and examine information thoroughly. OTO, which offers outsourced contact centre services to government agencies and corporations, faced a spike in trading volume, mainly concentrated among a few investors. Previously placed under the Level 1 trading regulations…

  • Business News

    SET and AIMC to use class action law to protect investors amid Stark fraud probe

    The Association of Investment Management Companies (AIMC) and the Stock Exchange of Thailand (SET) are set to utilise class action law to safeguard investors’ interests as the Department of Special Investigation (DSI) examines potential fraud involving former executives of Stark Corporation. Stark’s shares plummeted by approximately 90% after the SET allowed trading to resume on June 1, causing significant harm…

  • Business News

    Foreign investors sell 100 billion baht in Thai stocks and shares amid global rate rise

    In the first five months of this year, foreign investors offloaded almost 100 billion baht worth of Thai shares, with 33.4 billion baht sold in May alone, due to increasing global interest rates and uncertainties surrounding the formation of a new government. Despite this, the Stock Exchange of Thailand (SET) expressed optimism yesterday, believing that the recent easing of the…

  • Business News

    Thai bourse rebounds as Move Forward Party forms coalition government

    The Stock Exchange of Thailand (SET) made a positive comeback yesterday, following three days of decline in the aftermath of Sunday’s election. The victorious Move Forward Party (MFP) revealed their plan to form a coalition government with 313 members of parliament. Encouraged by the easing of political concerns and the MFP’s prospects of forming a government, local investors responded positively.…

  • Business News

    Thai stocks dampened by US interest rate hike concerns

    Thai stocks are projected to face a challenging investment environment in the coming month due to the potential negative impact of the recent US interest rate hike on regional US banks. Tisco Securities has expressed concerns over the situation, with Apichart Phubancherdkul, Tisco’s head of strategy research, stating that “investment conditions in May are not bright”. The US Federal Reserve…

  • World News

    Asia News Today | Taiwanese army reserves on high alert

    Hundreds of Taiwanese army reserves have carried out training exercises after a call from the Taiwanese president calling for “unity” as the island keeps an eye on China’s reaction to the invasion of Ukraine. Taiwan has kept its military reservists on high alert over the past year.About 400 personnel took part in target training and combat simulations yesterday in efforts…

  • World News

    Asia News Today | Shares in Asia-Pacific decline & oil prices to surge

    Shares in Asia-Pacific have declined in today’s trade as oil prices continue to surge, with the ongoing Russia-Ukraine war continuing to weigh heavily on investor sentiment. The Hang Seng led losses across the region, dropping more than 4% at one point before a small bounce back. Shares of HSBC plummeted 6%. China’s Shanghai composite shed 1.42% and the Shenzhen composite…

  • World News

    Asian stocks rise with new Russian sanctions, market volatility increases worldwide

    Asia markets ticked higher at opening on Friday, encouraged by a rebound of the US stock market, after Russia was struck with a flurry of international sanctions. US President Joe Biden has announced a new round of sanctions against Russia, crippling its ability to conduct business in major currencies. Many indexes were in the green on Friday morning, including Tokyo’s…

  • World News

    Asia News Today | Asian stocks sink over Russian incursion, China ramps up microchip production

    Russian President Vladimir Putin has formally recognised two breakaway regions in eastern Ukraine as independent. He’s used this diplomatic word-play as a reason to order the Russian army to launch a so-called peacekeeping mission into the area. His actions are a significant ramping up of diplomatic tensions in the ongoing Russian/Ukraine crisis.The president has ordered his defence officials to deploy…

  • Economy News

    Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down

    US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors reacting to rising Covid-19 cases in the US and Europe, peppered by nervousness ahead of next Tuesday’s US presidential election. The increased…

  • Things To Do

    Things that have changed in Thailand in the Covid Era | Top 10 | VIDEO

    Top 10 things that have changed in Thailand during the Covid-era Things have changed. In some cases they’ve changed a lot and may never be the same again. Many people are suffering as a result of the impacts of lockdowns and the border closures. Some people are being forced to re-invent their lives as a result. Here are some of…

  • Economy News

    Price of gold rises but investment not without risks

    A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion within the last year, a 30% increase in the value of its assets. gold…

  • Covid-19 News

    World financial markets take stock of record losses

    Global stock and oil markets plunged around the world yesterday (Wednesday) as enormous sums of stimulus, thrown at fragile economies, failed to offset concerns that the worsening Covid-19 coronavirus pandemic will tip the global economy into recession. The Dow Jones Industrial Average was hit by more brutal losses to finish below the 20,000-point level for the first time since 2017.…

  • Thailand News

    Thai stock exchange pulls 30 minute circuit breaker

    The Stock Exchange of Thailand (SET) had pulled a 30 minute “circuit breaker” to suspend trade between 9:59 and 10:29am leading to a fall at 11am, when the SET fell by 78.95 points, or 7.08%, to 1,035.96. Foreign investors made net sales of 1.929 billion baht in the stock market and 13.646 billion in the bond market. Most global stock…

  • Economy News

    Thai stocks tumbles, SET drops nearly 6%

    Thailand’s stock exchange, the SET, plunged yesterday along with the region’s other bourses. The index dropped amid concerns over the growing global Covid-19 coronavirus pandemic. The SET dived 74.57 points, or nearly 6%, to 1,175.32 points. This all happened shortly after the open in a turnover of 9 billion baht. The SET50 index, Thailand’s top 50 listed companies, faired even…

  • Economy News

    Local investor sentiment dampened by Brexit woes and slump in Chinese economy

    The British pound fell today as investors fret over PM Boris Johnson’s chances of pushing his Brexit deal through the British parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades. The pound rallied almost to US$1.30 yesterday following news that negotiators had hammered out an agreement that would…

  • World News

    Hong Kong stocks open lower, another weekend of strife ahead

    PHOTO: AFP More protests in Hong Kong over the weekend, and threats of interruptions to communist China’s 70th anniversary celebrations starting tomorrow, is weighing heavily on investors this morning. Hong Kong stocks opened lower this morning, extending losses at the end of last week, a day before mass pro-democracy protests planned in the city on communist China’s 70th anniversary. The…

  • World News

    Pound lifted by British PM’s latest defeat, Asian equities struggle

    The British pound bounced today after UK PM Boris Johnson again failed to get MPs to back a snap election, while Asian equities drifted as investors await a key European Central Bank meeting and developments in the China-US trade talks. Just before Westminster lawmakers broke up for five weeks they inflicted yet another defeat on the new PM, who has…

  • Business News

    Asian stock markets follow Wall Street’s lead downward this morning

    Asian stock markets have followed Wall Street’s lead this morning falling sharply as investors made their concerns apparent about economic recessions in some of the larger economies. They also reacted to more threats of instability from the trade war between the US and China. The Stock Exchange of Thailand (SET) Index dropped 1.6% during this morning’s trading. US markets led…