On March 8, 2019, Mr. Kasem Phanratnamala, a director and head of research at CIMB Thai Securities, revealed that the target for the Thai stock index in 2019 is set at 2,000 points. This optimism is largely driven by the upcoming elections, which are expected to boost investor confidence in the stability of the new government, leading to an influx of capital back into the country. As for external factors, the ongoing negotiations between the United States and China remain uncertain, but it is believed that the elections will enhance investor confidence, contributing to the recovery of the Thai economy.

Meanwhile, Ms. Kachakorn Namkiatsakul, a representative for sales and repurchase of investment units at Phillip Securities (Thailand) Public Company Limited, stated that the Thai economy in 2019 is not expected to differ significantly from 2018. She sees the target for the Thai stock index this year at 1,780 points, with a price-to-earnings ratio of 15.7 times. Investors remain concerned about the prolonged conflict between the U.S. and China, as well as the uncertainty surrounding Brexit, with clearer outcomes expected by March 29, 2019. Domestically, investors still hope for the stability of the new government post-election and believe that the policies implemented will improve the Thai economy, including the continuity of the Eastern Economic Corridor (EEC) development project. If this project is expanded, it could further boost Thailand's economic growth.

Mr. Pronthep Chuphan, Senior Director of Investment Strategy at SCB Securities, stated that he sees the Thai stock index for the entire year at 1,800 points, with investors hopeful for the government following the elections. Recommended stocks for investment in 2019 include large-cap stocks such as Amata Corporation and Siam Global House, which stand out in terms of investment and consumption and have contributed to domestic economic growth. Additionally, the hospital groups, Bangkok Dusit Medical Services and Bangkok Chain Hospital, are highlighted, as their stock prices have not yet risen like other stocks.

It is also believed that the dissolution of the Thai Raksa Chart Party will not impact the Thai economy, as it does not delay the election date. Most investors still expect political stability post-election and have high hopes for policies that will promote the Thai economy.

 

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