Saturday, June 19, 2021

business

Study impact of new Covid wave, SET chief advises investors


Though the new wave of Covid-19 infections will not have a severe impact on listed companies, investors should still evaluate the impact the virus may have on each industry, Stock Exchange of Thailand (SET) president Pakorn Peetathawatchai said on Friday.

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“We believe Thai businesses have already prepared themselves for the Covid-19 fallout,” he said. “Some businesses, like packaging, will gain from the outbreak.”

He also said that he expects the economy to start recovering once more people are inoculated.

Meanwhile, SET rose by 6 per cent in March thanks to progress in the anti-Covid vaccination drive and many countries’ efforts to stimulate their economy, SET’s executive vice president Soraphol Tulayasathien said.

He added that SET also gained from institutional investors’ moves to adjust their investments from growth stocks to value stocks. He added that foreign investors’ net sales in March dropped to Bt87 million compared to Bt18 billion in February.

“The Thai stock market is still attractive because it has a lot of value stocks, while many SET-listed firms were listed in global sustainability indices, such as the Dow Jones Sustainability Index," he said.

Published : April 09, 2021

By : The Nation