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Is Thailand’s stock market poised for a recovery?
By Beansprout  •  June 12, 2024
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...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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