Bangkok Post
Limited upside ahead for rising SET index
Compiled by KHAO Editorial — aggregated from 2 outlets. See llms.txt for citation guidance.
2 แหล่งข่าวยืนยัน
Stock market analysts predict Thailand's benchmark index will continue its rise despite limited upside, saying Thai equities have become increasingly attractive to foreign investors due to deeply discounted valuations and improving earnings prospects.
Key facts
- According to Maybank's research team, the Stock Exchange of Thailand (SET) index gained 5% in May, driven largely by the global artificial intelligence boom, which lifted the electronics sector by 12.2%, making it a key contributor to the
- Construction stocks surged 14.7%, while tourism-related shares gained 7.93%.
- Stock market analysts predict Thailand's benchmark index will continue its rise despite limited upside, saying Thai equities have become increasingly attractive to foreign investors due to deeply discounted valuations and improving
- Arapat Sangkharat, chief executive of Maybank Securities (Thailand), said Thai equities have reached valuation levels that are difficult for global investors to ignore, prompting renewed foreign fund inflows and speculative buying.
- For example, the aviation sector could benefit from a continued tourism recovery, while high-dividend companies remain attractive, with some industries offering dividend yields of up to 8% annually
- Piriyapon Kongvanich, head of equity research at Bualuang Securities (BLS), said the US's proposed 12.5% tariff under Section 301 on imports from countries deemed ineffective in preventing imports linked to forced labour is unlikely to
Summary
Arapat Sangkharat, chief executive of Maybank Securities (Thailand), said Thai equities have reached valuation levels that are difficult for global investors to ignore, prompting renewed foreign fund inflows and speculative buying.
According to Maybank's research team, the Stock Exchange of Thailand (SET) index gained 5% in May, driven largely by the global artificial intelligence boom, which lifted the electronics sector by 12.2%, making it a key contributor to the market's advance. Construction stocks surged 14.7%, while tourism-related shares gained 7.93%.