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...