BANGKOK, 28 August 2014 – The Stock Exchange of Thailand’s chairman believes that the Thai stocks as a whole would improve by leaps next year, thanks to the formation of a new government.
Newly appointed chairman for the SET Sathit Limpongpan stated that the profit margin of all SET-listed companies is expected to increase by 12-13 percent in 2015, higher than this year’s growth at 9 percent.
According to the chairman, Thailand’s economy would expand as a result of government policies to invest in mega infrastructure projects. For this reason, it would continue to draw a number of investors into the emerging markets.
He further stated that the new administration has fulfilled its promises by taking action in carrying out economic stimulus measures, and that the gradually recovering global economy would improve Thailand’s overall economic sentiment.