Thai Stocks Rise on Strong Bank Earnings

MGR Online•Economy•12h ago

Reader Briefing

Thai stocks trend upward following stronger-than-expected earnings from the banking sector.

•The Thai stock market is supported by positive earnings from TTB and KKP banks.
•Foreign investors have accumulated net purchases of over 71,000 million baht since the beginning of the year.
•Bloomberg reports that foreign funds view Thai stocks as a turnaround with the strongest growth in ASEAN.
•The government is coordinating with China to manage 'grey' businesses in Thailand.

Overview

•The Thai stock market [SET.X] is moving in a positive direction following earnings from TTB and KKP that exceeded market expectations.
•The SET index closed at 1,646.00 points on July 20, representing a 0.42% increase.
•Analysts suggest that if large commercial banks report better-than-expected results, it will signal a positive outlook for the Thai economy.
•High energy prices in Quarter 2/69 did not significantly impact listed companies as previously feared.
•International factors remain pressured by uncertainty regarding the war in the Middle East.
•Siripong confirmed that by January 1, 2027, citizens will be able to use all electric train lines at a rate of 17-45 baht.
•Minister Pipat ordered a study on moving the Bangkok Port to Laem Chabang to reduce budget waste and urban traffic.
•Anutin led the Tourism Authority of Thailand to expand cooperation with Sichuan Airlines and Meituan to attract quality tourists.

Full article content is available on the original source.

Read on MGR Online (Thai Version)View in Google Translate

Source: MGR Online (Original)

View Original Article

Key Entities

Person

Weerawat Wirotphoka(วีระวัฒน์ วิโรจน์โภคา)

Assistant Managing Director of FSS International Investment Advisory Securities.

Siripong(สิริพงศ์)ℹ️

An official confirming the implementation of electric train fares by January 1, 2027.

Ekniti(เอกนิติ)

An official leading the revision of Data Center investment criteria.

Sihasak(สีหศักดิ์)

An official who discussed the management of grey businesses with Xi Jinping.

Xi Jinping(สี จิ้นผิง)ℹ️

The Chinese leader who agreed to handle grey businesses in Thailand.

Piphat(พิพัฒน์)ℹ️

An official who ordered a study on moving the Bangkok Port to Laem Chabang.

Anutin(อนุทิน)ℹ️

The official leading the TAT to expand tourism cooperation with China.

Organization

FSS International Investment Advisory Securities Co., Ltd.(บริษัทหลักทรัพย์ที่ปรึกษาการลงทุน (บลป.) เอฟเอสเอส อินเตอร์เนชั่นแนล จำกัด)

An investment advisory securities firm.

TTB

A commercial bank that reported growth better than market expectations.

KKP

A commercial bank that reported record-high second quarter 2/69 profits of 2.12 billion baht.

Bloomberg(บลูมเบิร์ก)

A major media outlet reporting on foreign fund views of Thai stocks.

Tisco Securities(บล.ทิสโก้)

A securities firm that sees the potential for the index to exceed 1,700 points.

MRTA(รฟม.)

The organization tasked with setting up a TFF to raise funds for compensation.

SRT(รฟท.)

The organization that received a notice from AERA1 regarding the right to terminate a contract.

AERA1ℹ️

A company that sent a letter to SRT to preserve its right to terminate a contract.

WHAUP

A company investing 29 billion baht to expand water and electricity systems.

TAT(ททท.)

Tourism Authority of Thailand.

Sichuan Airlinesℹ️

An airline negotiating increased flights and new routes to Thailand.

Meituanℹ️

A Chinese company partnering with Thailand to attract quality tourists.

SCGP

A company expected to have normal profits of 1.9 billion baht in Quarter 2/69.

Place

Bangkok Port(ท่าเรือกรุงเทพ)ℹ️

A port under study for relocation to Laem Chabang.

Laem Chabang(แหลมฉบัง)ℹ️

The proposed location for the relocation of the Bangkok Port.

Khlong Toei(คลองเตย)ℹ️

The area targeted for development into an Entertainment Complex.