Clear election date leads to sound prospect of Thai stock market

BANGKOK, January 28 (TNA) - Thailand's now clear political direction, with the new general election date officially announced on March 24, 2019, should lead to the sound prospect of the country's stock market. Pakorn Peetathawatchai, President of the Stock Exchange of Thailand (SET), made the remarks in Rayong Province in the Thai East on Monday, reasoning that international investors pay attention to the country's clear political direction as it will result in the more stable domestic politics and, thus, their enhanced confidence in the Thai economy. The SET president told journalists that the Thai stock market will organize the "Thailand Focus 2019" event in August, during which international investors will realize the country's more stable political situation with the formation of a newly-elected administration. SET Senior Executive Vice President for the Issuing Division Manpong Senanarong cautioned, meanwhile, there are two major external risk factors that could affect the Thai stock market, including impacts from the ongoing trade war between the United States and China and Britain's exit from the European Union (EU). The SET senior executive vice president said, however, that he believed listed firms on the Thai bourse should keep growing with sound profits in the wake of the general election although the major external risk factors could cause a slowdown to global economies, including the Thai economy, to a certain extent. (TNA)