Foreign capital that once flowed out is now showing signs of returning to the Thai stock market, as the SET Index has risen nearly 30%, surpassing global stock market returns of about 10-12%, with foreign investment net inflows positive for the first time in 3-4 years.
At this juncture, the government is advancing a major roadshow led by Prime Minister Anutin Charnvirakul, touring Tokyo, New York, and London alongside FETCO and the Stock Exchange of Thailand to meet foreign investors and promote Thailand's new economic growth story.
From digital and AI industries attracting foreign investment to the recovery of listed companies’ profits, the aim is to transform momentum from the capital market into actual economic investment, betting that Thailand’s new cycle will bring not only rising stocks but also investment and growth reaching the real economy.
Ekapop Pienpiset, spokesperson for the Office of the Prime Minister, revealed that the trip to the United States was to attend the 81st UN General Assembly. Prime Minister Anutin Charnvirakul initiated a concurrent roadshow event with the private sector, the Federation of Thai Capital Market Organizations (FETCO), and the Stock Exchange of Thailand (SET) to rapidly build trust in Thailand's economic growth potential and to invite investors to invest in Thailand.
Specifically, the Thai capital market has shown outstanding growth this year, partly due to government policies promoting new industries such as digital and AI. Additionally, investment promotion applications have surged, and recently, all three major credit rating agencies revised Thailand’s outlook to Stable, marking a golden year for the Thai capital market. As listed companies grow and increase in number, economic activities expand into real industries, which in turn affect domestic spending and employment.
. (This part contains only a single word 'โอกาสนี้' meaning 'On this occasion' or 'This opportunity' but no further text.) Paiboon Nalinthrangkura, Chairman of the Federation of Thai Capital Market Organizations (FETCO) commented on joining Prime Minister Anutin’s delegation visiting Japan, the United States, and the United Kingdom, saying it is an ideal time to communicate Thailand’s economic potential and opportunities to foreign investors. This year has shown clear signs of increased foreign investment inflows to Thailand, reinforcing international investor confidence in the Thai economy.
"This year marks the first time in 3-4 years that the Thai stock market has experienced net positive foreign investment inflows after a long wait. Notably, compared to all Asian stock markets reporting figures this year, Thailand is the only country with positive foreign inflows, underscoring investor confidence. Furthermore, this year also marks the first time in 4 years that the Thai stock market’s returns have outperformed global markets, with the SET Index rising nearly 30%, while global stock markets increased only about 10-12%."
Paiboon said that in recent years, Thailand’s economic growth has been relatively low. However, under Prime Minister Anutin’s government, efforts to drive change and promote investment in Thailand have been well received internationally. This is evidenced by increased foreign investment promotion applications at the Board of Investment (BOI), reflecting confidence that encourages activities and economic expansion across various sectors, benefiting other parts of the economy as well.
. (Empty or linking word only) Assadech Kongsiri, Director and Managing Director of the Stock Exchange of Thailand, said the Stock Exchange is pleased to join the Prime Minister’s delegation in Tokyo, where they had the opportunity to discuss with the Thailand team, including the Ministries of Commerce and Foreign Affairs and related agencies, exchanging views and exploring ways to strengthen cooperation with businesses and foreign investors, especially Japan, whose companies show strong interest and potential to invest in Thailand.
Regarding the Prime Minister’s trip to the United States to attend the 81st United Nations General Assembly (UNGA81), time was allocated for capital market activities to meet over 30 institutional investors in New York, both in group meetings and one-on-one discussions. This positive interest from foreign investors in Thailand’s economy is a valuable platform to communicate Thailand’s economic potential and growth trajectory amid ongoing global volatility.
Additionally, the SET plans to highlight three key positive factors of the Thai capital market to foreign investors:
(1) The strong return to growth in the earnings of Thai listed companies for the first time in 3-4 years,
(2) The economic transition toward new industries, representing a long-term growth story that institutional investors find attractive,
(3) The enhancement of national competitiveness according to policies prioritized by the Prime Minister and Deputy Prime Minister.
“The Stock Exchange of Thailand’s key objective for this trip is to communicate and foster understanding to promote long-term investment in the Thai capital market. Every 100-point rise in the SET Index corresponds to about 1 trillion baht increase in market capitalization from securities trading. When sellers profit, it generates spending that cycles back into the economy, strengthening Thailand’s economy in the long term and benefiting the country overall.” Assadech said.
The government spokesperson concluded that this trip is a significant opportunity to showcase Thailand’s potential and build foreign investor confidence in long-term investment opportunities in partnership with the government and private sector to drive continued economic growth.
For stock and investment news with Thairath Money to help you achieve "Good Finance, Good Life," visithttps://www.thairath.co.th/money/investment
Follow the Facebook page: Thairath Money at the link belowhttps://www.facebook.com/ThairathMoney