Investors and analysts both rosy on the Thai economy

Political clarity and continued economic expansion have bolstered investor sentiment to its highest level in seven months and prompted analysts to forecast the Thai stock market hitting 1,826 points by year’s end (Photo: thainews.prd.go.th)

Bangkok (NNT/VNA) – Political clarity and continued economic expansion have bolstered investor sentiment to its highest level in seven months and prompted analysts to forecast the Thai stock market hitting 1,826 points by year’s end. 

President of the Federation of Thai Capital Organizations (FETCO), Paiboon Nalintarangkul, revealed that investor sentiment for the next three months has surged by 12.01 points to 120.6, the first instance of such fervor in seven months.

The positivity has been attributed to clarity in the political situation and Thailand’s continuing economic expansion, two factors many see as only improving over the next three months.

Risk factors outlined for the period include the US-China trade war, a policy interest rate hike by the US Federal Reserve and foreign capital inflows and outflows. 

The Investment Analysts Association (IAA) has released its own set of results from a survey of analysts and fund managers, revealing the majority see the Thai stock market as peaking at 1,826 points and averaging 1,818 points this year on the back of political certainty, domestic growth and good performance among listed companies.-NNT/VNA