Bangkok (NNT/VNA)- The Stock Exchange of Thailand (SET) expects continued volatility in capitalmarkets due to the trade dispute between the United States and China, butforeign investor confidence in Thailand remains strong due to the country’srobust economic foundations and profit growth among listed companies.
SET President Dr.Pakorn Peetathawatchai revealed that last year, the SET index shrank 10.8percent from the year before, due to global disruptions from the ongoing tradetension between the United States and China. However, he added that Thailand’seconomic foundations remain strong and continued to post higher growth lastyear, with several publicly listed companies reporting higher profits.
This year, the SETPresident expects further volatility from fluctuating oil prices and theuncertainty surrounding trade policy between China and the US. However, thedomestic outlook is more positive, with listed companies expected to post continuousgrowth.
Foreign investors havealso continued to display confidence in the country. Capital outflows from Thaistocks have been offset by an investment in long-term debt instruments.According to Pakorn, the general elections scheduled for this year is one factorcontributing to investor confidence.-NNT/VNA
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