This article was created in partnership with ASEAN Exchanges. The views and opinions expressed are Beansprout's objective and professional opinions.

What happened?

Investors appear to be taking a renewed interest in Thai stocks, with global funds buying Thai equities by the most in more than a year recently.  Indeed, there appears to be some glimmer of hope in the Thai stock market, with data points pointing to a potential economic recovery in the second half of 2024.  Firstly, the Thai Cabinet has approved the 500 billion baht (US$13.5 billion) “digital wallet” stimulus policy, which will give 10,000 baht (US$270) to 50 million Thais to be spent in their local communities.  Next, tourist arrivals have staged a strong recovery following the waiver of visa requirements for Chinese tourists. International tourist arrivals reached 5.98 million from the beginning of the year until 25 February, a 48% increase compared to the same period last...