The Stock Exchange of Thailand (SET) has been cautious in adjusting its strategy to keep up with both the floods and the European debt crisis. Pakorn Peetathawatchai, chief marketing officer of the SET, said that even though the current euro-zone public debt crisis would have more impact on sentiment in the Thai market than the […]
Tag Archives | The Stock Exchange of Thailand
SET may reduce listing target
The Stock Exchange of Thailand may lower its target for new listings of companies that have Board of Investment (BoI) incentives this year after floods have hit industrial estates in the Central region. SET president Charamporn Jotikasthira said yesterday that the exchange might revise several of its targets this year after floods swamped many provinces. […]
SET expected to be more volatile this week
The Thai stock market looks cheaper as it begins to price in risk factors overseas. Financial risk in the European Union (EU) has apparently increased, even though the European Central Bank (ECB) is providing more liquidity and is intervening in the fixed-income market. It appears that several banks in the EU cannot easily access funding, […]
Kittiratt opposes SET privatisation
Ambitious plans by the Stock Exchange of Thailand (SET) to position itself as the Wall Street of Southeast Asia could be thrown in jeopardy after the government announced its opposition to transforming it into a private entity. The SET has been working for more than four years on a plan that would transform the organisation […]
Investors warned to keep watch on Euro debt crisis
Major banks and the Stock Exchange of Thailand (SET) have warned that investors should keep a close watch on efforts to resolve the European Union’s escalating sovereign-debt problems, as the crisis could affect the Thai economy, including the capital market. Meanwhile, lower September inflation figures released yesterday could leave more room for the Bank of […]
Thai stocks rebound after plunge
The Stock Exchange of Thailand ended its dramatic three-day tumble with a gain of 4.71 per cent yesterday, on hopes that euro-zone nations are planning steps to rescue debt-riddled nations. However, stock analysts expect more foreign sell-offs after the “technical rebound”, on uncertainty over any measure being capable of permanently ending the euro-zone debt woes. […]
SEC warns against panic selling
“The nosedives in the SET index, gold and silver prices are in line with global levels. The SEC has closely monitored the situation and would like to assure all of the stability of the trading, settlement and delivery system as well as the financial stability of facilities like the depository centre, securities companies, mutual fund […]
Fears of investment drought
The turmoil in global financial markets and fears of recession in Europe and the United States may scare investors away from Thailand and other developing countries, which need capital to boost their economies, Finance Minister Thirachai Phuvanatnaranubala said yesterday. “I’m more worried about abrupt capital inflows and outflows than the impact of an export slowdown,” […]
SET dives below 1,000
Thai stocks yesterday plunged 3.79% to close below 1,000 points, the lowest close since March due to investor panic over the global economic crisis after the Federal Reserve warned that the US faces a grim economic outlook with significant downside risk. The Stock Exchange of Thailand index dropped 39 points to close at 990.59 in […]
US, EU woes fail to dampen Thai outlook
Despite continuing economic problems in the US and Europe, the Commerce Ministry remains confident that export growth will reach 15% next year generating a total of US$224 billion in revenue. Addressing a meeting in Bangkok of trade officials stationed abroad, Commerce Minister Kittiratt Na-Ranong said this year’s exports will certainly meet the 15% goal after […]
