Asia Plus Securities (ASP) suggests investors increase their weighting for Thai stocks to 40% from 35%, while maintaining investment in other instruments such as equity-linked notes (ELN) at 10% to reduce risks from market fluctuation, says Therdsak Thaveeteeratham, senior executive vice-president at ASP.
“Thai shares have been spurred by foreign fund flows for all of November after foreign holdings declined much of the year, with Thai equity prices underperforming compared with neighbouring markets since the beginning of this year,” said Mr Therdsak.
The progress in the development of Covid-19 vaccines has turned investors to a risk-on mode, as more funds move to global assets over the past few months, reflected by the rise of…
