“Phakorn” points out that the Thai stock market is on the rise.

'Pakorn' is confident that the Thai stock market is on an upward trend, supported by the recovery of the domestic economy, more stable politics, and listed company performance. Meanwhile, 80 institutional investors from around the world joined in listening to information to build confidence in the Thai economy and capital market at Thailand Focus 2024, reflecting that the Thai capital market is still a target for foreign investors. Mr. Pakorn Peetathawatchai, Director and Managing Director of the Stock Exchange of Thailand (SET), revealed that the Thai stock index, which is currently adjusting upwards, is due to 3 factors: the direction of the Thai economy, which tends to continuously recover, political stability, and listed company performance, which has improved significantly. This can be called an important turning point. 'As for the fund flow that has returned, I think that in the past 2-3 years, there have been 2-3 signs of recovery, but this time, I think there is the least uncertainty, which comes from foreign factors. As for domestic factors, it is clear that they have recovered. This time, I am very confident that the market will recover,' said Mr. Phakorn. For the 18th Thailand Focus 2024 under the concept of 'Adapting to a Changing World', Thailand Focus is an important platform that showcases investment potential in Thailand to institutional investors worldwide. This year, it received a good response from 178 institutional investors from 80 institutions worldwide, and among them were investors from major countries such as Singapore, Malaysia, Hong Kong, the United States, the United Kingdom, and Sweden who were interested in attending the event to listen to the readiness and potential of the private sector, capital market, and Thai economy, which supported confidence and attracted investment interest in Thailand. Executives of 112 listed companies from all industries shared information on business strengths and growth directions through both one-on-one and group meeting formats. Thailand Focus 2 024 will help build confidence and connect investment opportunities for foreign institutional investors, and present the adaptation and progress of the government sector, capital market sector, and private sector in Thailand. The event was honored by government agencies, Mr. Paopum Rojanasakul, Deputy Minister of Finance, who spoke about government policies and projects that will drive the Thai economy towards future growth, and Mr. Sethaput Suthiwatnarueput, Governor of the Bank of Thailand, who spoke about the economic outlook and stability of the Thai economy, including the credit situation in the financial sector. Senior executives in the business and capital market sectors provided information on the adaptation of the Thai capital market, especially in business groups that are adapting to build on Thailand's strengths and the potential to seize opportunities from the new global context. 'Foreign investors are still interested in and following changes in Thailand, driving existing policies forward, and f uture economic development guidelines, which will have a significant impact on investment and growth in the country and Thai capital market. The joint meeting between listed companies and institutional investors also received interest, including listed companies in business sectors that are the country's strengths and companies that conduct sustainable business and care about the environment. Including stepping into the New Economy business," said Mr. Phakorn. "Thailand Focus 2024: Adapting to a Changing World" is organized by the Stock Exchange of Thailand in collaboration with DBS Vickers Securities (Thailand), Kiatnakin Phatra Securities, Bank of America Securities, and TISCO Securities, in collaboration with Jefferies, from August 28-30, 2024 at The Athenee Hotel, Bangkok. Investors and interested persons can view details and follow the discussion content at www.set.or.th/thailandfocus. Source: Thai News Agency