Bangkok: The chairman of the Stock Exchange of Thailand (SET) has recommended expanding tourism and attracting foreign investors as a solution to the volatile Thai economy. Yuanta Securities estimates that decreasing interest rates worldwide will help support the Thai economy and stock market. Domestic factors, political stability, and economic stimulus measures are expected to drive GDP growth next year to 3.2%. According to Thai News Agency, Yuanta Securities (Thailand) Co., Ltd. organized a seminar titled 'YUANTA THAILAND'S INVESTMENT INSIGHTS 2025' under the theme 'SPOTTING K-SHAPED RECOVERY'. The seminar aimed to connect groups of prominent institutional investors and companies listed on the Stock Exchange of Thailand and the Stock Exchange of Vietnam. It sought to provide institutional investors with in-depth information about each company and help them enhance their knowledge in finance and investment, as well as project the direction of the Thai economy, investment strategies, and analyze the markets of Thailand and Vietnam. Professor Emeritus Kittipong Urapipatanapong, Chairman of the Stock Exchange of Thailand (SET), emphasized that Thailand is facing several challenges but is still experiencing growth due to a strong recovery in the tourism sector and foreign investment. He suggested that the solution for the Thai economy in this volatile world is to build on these strengths by upgrading the quality of the market in all aspects through building confidence in the market, strengthening competitive potential, and focusing on sustainability. Mr. Charuchat Buachart, strategist at Yuanta Securities (Thailand) Co., Ltd., provided investment advice on Thailand Key Highlights, stating that positive factors for the SET Index in 2025 include lower-than-average valuations and a global downward interest rate cycle that will support the Thai economy and stock market. Political stability and economic stimulus from the government are expected to push GDP growth to 3.2%, up from 2.8% this year. Additionally, Foreign Direct Investment (FDI) is anticipated to continue growing in technology and industrial estate groups. However, caution is advised regarding risks from Trump's America First policy, which may delay interest rate cuts and cause the dollar to strengthen, as well as trade tensions. Investment strategies for 2025 include focusing on 1) Yield Play groups (Finance, Utilities), 2) groups that benefit from the Trade War (Industrial Estate: AMATA, WHA, ICT, Utilities), and 3) groups that benefit from economic growth and government policies. Mr. Matthew Smith, Vietnam Head of Research, highlighted that Vietnam's economy has a long-term growth trend due to 1) a growing working-age population until 2035, 2) the expansion of the middle class driving the economy, and 3) increasing FDI figures from manufacturing bases. For 2025, the economy is expected to continue growing due to the upgrade of the Vietnam Stock Exchange Index (VNI) to the FTSE market and the recovery of the property market in the second half of the year. T he VNI index is expected to reach 1,539 points, a 24% year-on-year increase. However, risks remain from uncertain domestic and international factors, such as interest rates, political conflicts, and delays in the recovery of the property market. Recommended investment strategies include focusing on 1) Finance (VCB, ACB, HDB), 2) Utilities (MWG, PNJ), and 3) Technology (FPT). The seminar saw participation from executives of 33 companies with a combined market value exceeding 200 billion USD, representing over 30% of the domestic market value. These companies are noted for their strong business operations and commitment to ESG governance principles. Additionally, executives from five leading Vietnamese companies provided in-depth insights into the Vietnamese economy and explored investment opportunities in the Vietnamese market, which is attracting significant interest from investors.
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