Politics remain risk factor for Thai bourse

Foreign investors would pour over Bt60 billion into the Thai stock market, if Thailand demonstrates greater political stability, said Stock Exchange of Thailand Chairman Pakorn Malakul Na Ayudhya.

He said that foreign investors are still concerned with political conditions. If this negative factor is cleared, foreign investment will resume as return on investment here could be over 20 per cent on the back of low price-to-earning ratio. The Thai market is also less affected from the subprime crisis than elsewhere, he noted.

He said that foreign investors have so far shifted their investment to the bond market.

Statistically, during the first three months of this year, foreign net sales totalled Bt14-Bt15 billion but they are net buyers in the bond market, valuing Bt20 billion.

- The Nation

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Politics remain risk factor for Thai bourse

Foreign investors would pour over Bt60 billion into the Thai stock market, if Thailand demonstrates greater political stability, said Stock Exchange of Thailand Chairman Pakorn Malakul Na Ayudhya.

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