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Thai stocks recover: What’s driving the rally and can it last?
By Beansprout  •  September 30, 2024
Thailand's blue chip stocks have surged in recent months. Discover the key drivers behind the recovery and whether this upward momentum can continue. What happened? Thailand's blue chip stocks have experienced a remarkable rebound in recent weeks. The SET Index reached 1,454.26 points as of 26th September, reflecting a gain of more than 10% since July. This uptick signals renewed confidence in the Thai equity market. With the renewed confidence in the Thai equity market, Thai Singapore Depository Receipts (SDRs) have bounced strongly too. Among the standout performers are Delta Electronics and Gulf Energy, which have delivered returns of 39% and 51%, respectively since 1 July. Additionally, Thai SDRs like Advanced Info Service (AIS) and CP ALL are currently trading at their highest levels since their launch. Let us dive deeper to understand what caused Thai stocks to rebound and if it might be worthwhile revisiting stocks that offer exposure to the Thai market. What is helping to drive improved sentiment to the...
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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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