Triple push behind stock market's impressive rise
A strong baht provides opportunities for Thai companies to invest
Among the factors behind the unexpected rise of the stock market in recent weeks are the good signs emerging from the second quarter results of listed companies, says Kongkiat Opaswongkarn, chief executive of Asia Plus Securities, who likened the development to "a ray of sunshine amid continuing global economic gloom".
The Thai bourse is also getting a push from an increasing number of merger and acquisition moves by Thai companies overseas. Last week the SET index was approaching 920 points, a level not seen since 1996.
"Thai companies need to go outside to take advantage of big markets and transform themselves into regional or global names if they have the capability," said Mr Kongkiat in approval of the trend.
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About the author
- Writer: Nina Suebsukcharoen
- Position: Writer
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