Latest news with #FETCO
The Star
08-07-2025
- Business
- The Star
Thailand's stock investor confidence turns bearish in June
BANGKOK, July 8 (Xinhua) -- Thailand's stock investor confidence worsened in June due to domestic political uncertainty, international conflicts, and fund outflows, a survey showed on Tuesday. The investor confidence index, which predicts market conditions over the next three months, stood at 58.45 last month, plunging from 110.36 in May to the "bearish" zone, according to the Federation of Thai Capital Market Organizations (FETCO). Investor morale declined among all categories, with proprietary investors down 61.9 percent, foreign investors down 55.6 percent, institutional investors down 42.1 percent, and retail investors down 14.2 percent, the FETCO said in a statement. The Thai capital market experienced high volatility in June as the local political situation fueled investor anxiety over the government's stability, along with border tensions with neighboring Cambodia and the Iran-Israel conflict, said FETCO Chairman Kobsak Pootrakool. Kobsak told a news conference that the outcome of trade negotiations between the United States and its trading partners, coupled with geopolitical issues in the Middle East affecting oil prices and potentially impacting the global economy, are external factors to monitor. Locally, a constitutional court order suspending Prime Minister Paetongtarn Shinawatra pending an ethics investigation could adversely affect the implementation of key economic policies and harm the private sector's long-term investment strategies, he said. He noted that the Thai economic slowdown expected in the latter half of the year, driven by weakened exports and a decline in inbound tourists, was also a concern.
The Star
13-06-2025
- Business
- The Star
Thai investor confidence holds steady amid economic concerns
Local growth: People shopoing at Bangkok's Chinatown. Stimulus packages, an anticipated local economic recovery and incoming fund flows are the primary positive influences lifting investor confidence in Thailand's economy. — Reuters BANGKOK: Investor confidence in Thailand remained in a 'neutral' zone in May 2025, influenced by hopes of government stimulus and domestic economic recovery, and tempered by concerns over sluggish local growth and global trade tensions. The latest Federation of Thai Capital Market Organisations (FETCO) Investor Confidence Index registered 110.36 for May 2025. The survey, conducted between May 19 and 31, anticipated market conditions over the next three months. FETCO chairman Kobsak Pootrakool said that government stimulus packages were the primary positive influence, followed by an anticipated local economic recovery and incoming fund flows. Conversely, the 'sluggish Thai economy' was identified as the most significant drag on sentiment, alongside the ongoing trade wars and concerns over financial discipline. Elaborated on the breakdown by investor type, Kobsak noted an increase in confidence among retail investors (up 38.5% to 59.09) and proprietary investors (up 25.0% to 75). However, institutional investors saw a dip (down 15.9% to 110). Foreign investor confidence, in contrast, surged by 125% to 150. During May, the Thai capital market experienced volatility due to both domestic and international factors. While the easing of US trade policy provided some relief, slower-than-expected local economic growth dampened spirits. The Office of the National Economic and Social Development Council revised Thailand's 2025 economic growth forecast down to 1.8%, a significant cut from its earlier prediction of 2.8%. Highlighting the economic slowdown, private consumption in the first quarter of 2025 expanded by only 2.6% and industrial production over the past five quarters saw a meagre 0.5% increase. — The Nation/ANN
