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BUSINESS

Thai brokerages upbeat on H1 for local markets

Business, Nuntawun Polkuamdee, Published on 13/01/2023

» China's reopening, continued inflows of foreign funds, and anticipated spending for Thailand's national election scheduled for early May should put the Thai stock market in the spotlight in the first half this year, according to analysts.

BUSINESS

China optimism spurs Asian shares higher

Business, Nuntawun Polkuamdee, Published on 14/01/2023

» RECAP: Asian markets mostly rose again yesterday on optimism about the impact of China reopening on regional corporate performance, while the dollar remained under pressure after data showed a further slowdown in US inflation.

BUSINESS

Bitcoin up after US inflation decline

Business, Nuntawun Polkuamdee, Published on 16/01/2023

» Bitcoin jumped above US$19,000, its highest level since November 2022, as US inflation fell to 6.5%, raising analysts' expectations that the Federal Reserve will increase interest rates by only 0.25% at its meeting later this month.

BUSINESS

Gold price to reach eight-month high

Business, Nuntawun Polkuamdee, Published on 17/01/2023

» The price of gold is expected to reach an eight-month high of US$1,950 an ounce this week on looming fears of a global recession after the latest US inflation rate fell to 6.5%, said SET-listed Hua Seng Heng Gold Futures.

BUSINESS

Oil funds generate best returns for second consecutive year

Business, Nuntawun Polkuamdee, Published on 18/01/2023

» Oil funds offered the highest cumulative return in 2022 of 14.6%, topping the list for the second year in a row, while technology funds were the main laggard, with a negative return of 43.5%, according to investment research and financial services firm Morningstar.

BUSINESS

SEC issues notice on digital asset custody

Business, Nuntawun Polkuamdee, Published on 19/01/2023

» The Securities and Exchange Commission (SEC) has issued a notification requiring digital asset business operators that have custody of customers' digital assets to have a digital asset wallet management system to store digital assets and cryptographic keys.

BUSINESS

J.P. Morgan bullish on Thai bourses

Business, Nuntawun Polkuamdee, Published on 19/01/2023

» Global financial services firm J.P. Morgan has upgraded its rating for Thailand's stock markets to overweight from neutral because of returning Chinese tourists, with the SET Index forecast to hit 1,800 points this year.

BUSINESS

Analysts see potential in Thai capital market as Asean hub

Business, Nuntawun Polkuamdee, Published on 20/01/2023

» The Thai capital market has good potential to develop and remain a regional leader amidst global challenges and rapid changes in financial markets, say analysts.

BUSINESS

Pre-holiday cheer lifts many Asian bourses

Business, Nuntawun Polkuamdee, Published on 21/01/2023

» RECAP: Asian stocks shook off worries about rising interest rates and economic risks to advance yesterday as many investors took profits before the Lunar New Year holiday closes many markets in the region next week.

BUSINESS

Bluebell aims to triple growth in bond sales

Business, Nuntawun Polkuamdee, Published on 23/01/2023

» Bluebell Securities, the operator of an online bond subscription system, is aiming for 300% growth in bond sales to 15 billion baht this year and plans to launch four new products starting in the second quarter.