This forecast is based on a raft of expected economic stimulus measures that the new government pledged to implement during the campaign ahead of the May 14 election, and retail, food, and beverage stocks are forecast to rise the most, according to Sukit Udomsirikul, managing director and chief research officer of InnovestX Securities.
The economic stimulus should boost consumer spending and private sector investment, leading to better economic growth in the second half of the year, Sukit said.
In the first half of the year, the overall Thai stock market saw a 10% decline, with funds flowing out to stock markets in Taiwan, South Korea, and India.
The Thai stock market is gradually recovering, and foreign investors are starting to show reduced selling pressure, making a return to buying more likely, Sukit said. Thailand is considered an attractive market at this point due to…
