Stocks
- Lifestyle
5 ways to create passive income in Thailand
Ever thought about a scenario where your bank balance accumulates even when you are not actively working? This is a common aspiration and within the context of Thailand, it can become a reality with an array of opportunities available to achieve a consistent revenue stream. You have the option to invest in high-income portfolios, pursue a career in English teaching,…
- 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
New ESG fund could boost Thai stocks by up to 70 billion baht
Analysts predict that a forthcoming environmental, social and governance (ESG) fund could draw investments of between 20 and 70 billion baht into 114 stocks listed on the Stock Exchange of Thailand’s (SET) ESG index this year. The long-term savings fund, which is set to be established later this year, will be focused on investing in domestic ESG stocks and bonds.…
- 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
Political change, Thai PM appointment poised to boost stocks
The anticipated appointment of Thailand‘s 30th prime minister this week is predicted to bolster stocks likely to benefit from political change and the policies and stimulus measures proposed by the Pheu Thai Party, reported Bangkok Post. Brokerage firm Asia Plus Securities (ASPS) projects the 11-party coalition, which declared on Monday its possession of 314 MP seats, will secure enough senatorial…
- 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
Nvidia valuation drops despite rally as earnings estimates outpace share price
Nvidia Corp’s impressive stock rally in recent days has seen the chip developer’s valuation decrease, as measured by the forward price/earnings (P/E) ratio. Over the last three sessions, the company’s stock has risen more than 31%, with a 3% gain reaching $401.11. Despite this, Nvidia’s P/E multiple has fallen due to Wall Street’s earnings expectations for the company rising even…
- 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…
- Thailand video news
Asia News Today | Asia’s stocks fluctuate, gold and Bitcoin rally
In the Asia Pacific region, only Japan, South Korea and Australia have so far officially condemned the actions of Russia after its invasion of Ukraine yesterday. They’ve said they will join with the US in imposing international sanctions but have so far declined to add unilateral sanctions. Indonesia has taken a slightly different tack and is calling for negotiation and…
- 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…
- Economy News
Thailand’s GDP forecast to fall up to 9% this year
Thailand’s GDP is set to fall 7-9%, year-on-year, according to the Joint Standing Committee on Commerce, Industry and Banking. The fall is, not surprisingly, being fallout from the catastrophic drop in tourism and lower exports. Kalin Sarasin, chairman of the Board of Trade of Thailand, says the expected contraction was revised downwards from 5-8%. The committee also predicted exports would drop…
- 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 plummet nearly 4% in Monday SET trading
The Stock Exchange of Thailand finished yesterday at 1,435.56 points, a decrease of 59.5 points, or nearly 4% – that’s compared to Friday’s close on the SET. The daily trade volume for Monday was 76.431 billion baht, with an index high of 1,474.12 and a low of 1,435.56. Asian bourses were hammered as confidence was inhibited by rising cases of the…
- 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…
