In January 2024, the Stock Exchange of Thailand reported that there was a decrease in investments in the Thai stock market due to lower-than-expected economic expansion in the 4th quarter of 2023.
This led to reduced profit forecasts for listed companies in 2023. Foreign capital inflows have only occurred in years with raised profit estimates. Despite the outflow of foreign capital, the value of foreign stock holdings relative to market capitalization remains close to historical averages. The Price to Book (P/B) ratio of the SET Index is still low, while SET’s dividend yield increased to 3.24%.
Thai stock market situation
- At the end of January 2024, the SET Index closed at 1,364.52 points, down 3.6% from the previous month. with returns similar to the regional average
- In January 2024, industry groups that improved better than the SET Index compared to the end of 2023 included:…
