The head of one investment company has said Thai investors should look to have part of their portfolio devoted to foreign real estate.
Stock analysts have said the Stock Exchange of Thailand (SET) Index would return to its 1,400-point mark, if the government’s new economic team is able to regain investor confidence with its stimulus package.
After falling on Monday the SET yesterday rose by 22.82 points to stand at 1323.88 points. An analyst had earlier said the drop in the domestic market was in line with global trends.
The analysis came from Win Udomrachtavanich, the Chief Executive Officer of One Asset Management. He said the Thai cabinet’s new economic team would not impact the stock market in the short-term however, its economic policy is likely to make an impact on the market in the medium- and long-term.
Win strongly said he believed the SET Index can rebound and reach 1,444 points, despite current market fluctuations. He suggested investors focus between 50 and 60 percent of their investment portfolio on reliable returns such as bonds, followed by the foreign real estate sector and local stock market at between 20 and 30 percent.
Bank of Thailand Spokesperson Jirathep Seniwong Na Ayutthaya said the the local stock market’s trajectory reflected similar trends in other global markets. He added that the monetary market in Thailand would move in parallel with its counterparts in the region.