ALTHOUGH the Thai stock market was hit by several internal and external factors this year, as of December 15 the SET Index closed at 1,519.65 points with the being a 17.98% growth, Thai News Agency quoted Stock Exchange of Thailand President Kesara Manchusree as saying today.
The Thai bourse also has the highest liquidity in the region for the fifth year running this year at 53.208 billion baht a day.
Listed companies are performing well, Ms Kesara said, adding that this year’s IPOs (initial public offerings) totaled 155.605 billion baht. The market cap of both SET and MAI is15.25 trillion baht which is an increase of 21%.
However she warned that the 2017 will be a challenging year with both Brexit changes and Donald Trump taking over as the president of United States having an impact.
Even so, the Thai government will be making large infrastructure investments in the new year and will be launching Thailand Future Fund to finance these projects.
Meanwhile Pakorn Peetathawatchai, SET’s senior executive vice president, said that the Thai bourse did better than those of Vietnam, Indonesia and Taiwan this year with the Thai index being the best in Asean.
Moreover SET PE ratio is 15.69 times while MAI 27.07 times while dividend yield from investing in SET 3.21% per annum and from MAI 1.29% which is higher return than bank deposits.
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