BANGKOK, 12 June 2014 – Thailand has seen an increasing capital influx into its stock market since the beginning of June despite military seizure of power.
Mr. Pakorn Peetathawatchai, Stock Exchange of Thailand (SET) Executive Vice President and Head of Corporate Strategy and Finance Division, revealed that the combined value of Thai stocks traded each day since the declaration of martial law stood at 50 billion baht. This indicated that foreign buyers were still very much confident in Thai stocks, driving the SET index up above 1,400 points, higher than Singapore and other emerging markets in this region. He said, besides, that Thailand offers a high dividend payout ratio of 3.2 percent – which can be interpreted that Thai stock exchange market has high potential, stability, and ability to withstand uncertainties.
He further stated that foreign investors were starting to feel more and more confident in the National Council for Peace and Order (NCPO)’s economic policies, adding that as of June 11th, 4.2 trillion baht worth of stocks in Thailand were owned by foreign buyers, an increase of 17 percent compared to the figure in January which stood at only 3.6 trillion baht.
