More capital inflows expected after Thailand's new general election

BANGKOK, March 25 (TNA) - The newly-elected Thai government after the March 24 new general election, if stable, should attract up to about 100 billion baht into the country's capital market. Paiboon Nalinthrangkurn, Chairman of the Federation of Thai Capital Market Organizations (FETCO), made the remarks in Bangkok on Monday, saying the expected amount of new capital inflows is based on a key condition that the newly-elected government is backed by up to 300 votes in the Thai Parliament, making it become a stable administration. The FETCO chairman, who is also Chief Executive Office (CEO) of TISCO Securities Co., Ltd., told journalists that he foresaw the more bullish Thai capital market in the second half of this year in accordance with the recovering world economy, boosted by an anticipatedly-good solution to the ongoing trade war between the United States and China and the improving world trade consequently. The FETCO chairman, thus, assessed that the Stock Exchange of Thailand (SET) index should reach 1,750-1,800 points later this year. Meanwhile, Kavee Chukitkasem, Deputy Managing Director of Kasikorn Securities Public Company Limited, cautioned, however, that the SET index could first decline in the second quarter of this year to 1,450-1,500 points due to an expectedly-moderate business performance of listed firms on the Thai bourse during the period. (TNA)