JP Morgan, a leader in global financial services, revealed at the JP Morgan Thailand Conference that Thailand's stock market is considered the most attractive in Southeast Asia.
According to JP Morgan, the Stock Exchange of Thailand (SET) index is likely to rise 7% and reach a new high of 1.800 points this year. In terms of sectors, JP Morgan continues to see opportunities in various sectors such as consumer discretionary spending and healthcare.
In December 2022, the SET index rose by 4%, mainly in the electronics, energy and consumer products sectors.
Source: PR Thai Government
About this blogger
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Known as Khun Peter (62), lives alternately in Apeldoorn and Pattaya. In a relationship with Kanchana for 14 years. Not yet retired, have my own company, something with insurance. Crazy about animals, especially dogs and music.
Enough hobbies, but unfortunately little time: writing for Thailandblog, fitness, health and nutrition, shooting sports, chatting with friends and some other oddities.
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In 1996 I met the Vice President of Moody's Investment Service about one of my books. The man was interested in learning more about the background…
I drove that man around BKK in my car on a Saturday and when we passed the stock market I told him it was a “gambling den”. “In the USA, inside information is punishable by law, but here you don't buy shares unless you have inside information.” All "families" - not meant as in Sicilian families - have conglomerates of all kinds of companies to constantly move money around and to throw sand in the eyes of accountants and auditors. I once bought a small Volvo S40 "second hand" that had already been registered with 4 different companies in a few years and had therefore served as a tax write-off.
A while later, when my VP friend's eyebrows had descended back to normal and the grimace on his face had disappeared, I said that Thai households are in debt to the top of their heads – not losing face, you know. you do. Of course he knew that from the National Bank of Thailand. I then said I had a Scottish friend who couldn't get a mortgage loan until I told him to drop a percent or so under the table.
Furthermore: there are many so-called non-performing loans, etc. The household debt compared to GDP (GDP) is at a very high level, so that the National Bank has already warned several times that banks must increase their reserves.
However, as in all countries, there is a hunger for shopping after the years of forced covid-19 prison glued to the TV at home. In tropical countries, shopping is more pleasant than sex, I'm afraid.
JP Morgan and those other so-called investment (read speculative) banks earn their money for a small part from commission on the sale and purchase of shares.