Foreign investors flock to Thailand, fund flows hit 70 billion baht, two Chinese firms eye IPO

MacroCorporate Action
โดย thunhoon.com·Read original
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Deputy Prime Minister and Finance Minister Dr. Ekniti Nitithanprapas revealed that global capital flows are ready to relocate and invest in Thailand. Net foreign buying in the Thai stock market from the beginning of the year to July 21 reached 70 billion baht, partly driven by infrastructure reforms and fiscal discipline, especially the unlocking of direct power purchase agreements for clean energy across all industries, attracting modern investment. Meanwhile, during a trip to China, two Chinese companies were found to be interested in joining the BOI To IPO program: an optical communication business that manufactures optical transceivers with an investment value of 50 billion baht, and a modern automotive business. The optical transceiver company wants to raise funds and could be the first target in the program, with discussions planned with the stock exchange to speed up the listing process. Regarding the TISA project, the Ministry of Finance is conducting further studies and will complete them by this September. The President of the Stock Exchange of Thailand, Asadej Kongsiri, stated that the large fund inflows stem from confidence in the Thai economy, increased direct investment through the BOI, and fiscal stability, making the Thai stock index one of the best-performing indices in the world, with foreign inflows increasingly coming from long-term funds. The Chairman of the Federation of Thai Capital Market Organizations, Paiboon Nalinthrangkurn, said that foreign investors are still waiting for the right moment to invest more, after the index rose to touch 1,650 points, with net buying this month reaching 43.5 billion baht and the P/E ratio excluding DELTA still at just 13 times, which is considered low.

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