ASEAN KEY DESTINATIONS
1,000 no barrier for Thai bourse
The Stock Exchange of Thailand index closed on Friday at 951.9 points, up 4.8, thanks largely to net foreign buying of 1.01 billion baht. For the year to date, the index has gained nearly 29 percent, with net foreign buying more than 24 billion baht in September alone.
Fund inflows are being drawn by positive economic trends and listed companies' earnings prospects.
Prospects of further baht appreciation will also benefit the capital market, as foreign investors will potentially benefit from both currency and capital gains.
He said the rise in valuations has come very quickly, leading many companies to potentially miss a window to list on the Stock Exchange of Thailand or the Market for Alternative Investment this year, as new listings typically take one to two years to prepare.
Chanitr Charnchainarong, the SET group head for issuers and listings, said that for the year to September, five companies entered the SET and MAI.
Six to eight companies and three property funds are expected to list on the SET and the MAI in the fourth quarter, with a combined size of 8-9 billion baht.
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