Bangkok, SET moves forward with international roadshows throughout 2024 to build investor confidence. Revealing that the proportion of foreign investors jumped to more than 50%, while in February 2024, flows returned to the Thai stock market. In line with other stock markets in the region Mr. Phakorn Peetathawatchai, Director and Manager The Stock Exchange of Thailand (SET) revealed that in early March. SET participated in introducing information about the Thai stock market (roadshow) in Australia. At the 2024 ASEAN-Australia Special Summit, the SET shared information with large Australian funds. with assets under management (AUM) worth more than 2 trillion baht and the ASEAN - CEO Roadshow, an event jointly organized by 6 stock exchanges in ASEAN in Melbourne. There are 17 funds from Australia participating, with a total AUM value of more than 6 trillion baht. Investment themes that foreign investors are interested in include Healthcare, Wealth Being, Green Energy, Solar or energy conservation. Including b eing interested in companies with relatively good ESG scores, which have received a lot of attention in the past. In 2024, the SET is preparing to conduct a roadshow. to investors abroad continuously To attract and increase the diversity of foreign investors investing in the Thai stock market. and build confidence and update information on how the Thai stock market is developing. After this, there are plans to travel to a road show. in the Middle East, Singapore, England, Hong Kong and the United States. The proportion of foreign investors in the Thai stock market Currently, it has increased to 50%, higher than the past level of 35-40%, which is a result of The SET built a domestic investor base faster than the foreign investor base. The trading value of both groups has not decreased. But they increased at quite different levels. The foreign investor base will grow very quickly. Because when there are roadshows abroad, there will be large investors with quite a lot of trading volume. For domestic investors, the SET will provide more promotion and development. Especially small investors Various products are being developed. In order to have appropriate asset allocation (Asset Allocation), that is, diversify investments among many assets both domestically and abroad. Diversify investment risk Helps reduce volatility in investment portfolios. Mr. Sornphon Tulyasathien, Deputy Manager, Head of Corporate Strategic Planning Department, SET, revealed that in February 2024, although investors lowered their expectations of FED interest rate cuts to only 3 times this year, if looking at the overall picture in Risky assets are still hot. Especially Bitcoin and US stocks that has continually risen to new highs As well, the prices of commodities such as oil and gold also increased due to expectations that the dollar was likely to depreciate. In February 2024, there was foreign capital flowing back into the Thai stock market, in line with other stock markets in the region. However, there is still concern from the downward r evision of the Thai GDP forecast by the National Economic and Social Development Council (NESDB). The outlook for the Thai economy in 2024 is 2.2 - 3.2%. There are also factors supporting economic growth from the return to expansion of merchandise exports following the recovery of world trade. and a good expansion of consumption following the continued recovery of the tourism sector. Analysts have begun to adjust profit estimates for companies in related business groups. Meanwhile, the prices of these securities have begun to recover, however, amidst uncertainty from both domestic and international markets. Analysts advise investors to buy stocks based on the High Dividend theme because in addition to receiving consistent cash flow (Passive Income), this group of stocks also has returns that consistently beat the SET Index. Moreover, High Dividend stocks also have the characteristics of Defensive stocks, observed from a Beta value that is lower than the market average. The Thai stock market at the end of Feb ruary 2024 SET Index closed at 1,370.67 points, an increase of 0.5% from the previous month, which is in the same direction as other stock exchanges in the region. However, it decreased 3.2% compared to the end of the previous year. The industrial groups that improved better than the SET Index compared to the end of 2023 include the consumer products group, service group, agriculture and food group, and resource group. The average daily trading value in SET and mai was 47,265 million baht, a decrease of 29.5% from the same period last year. The average daily trading value in the first 2 months of 2024 was 47,185 million baht. Foreign investors net bought 3,246. million baht made in the first 2 months of this year Foreign investors made net sales totaling 27,624 million baht, with foreign investors accounting for the highest proportion of trading value for the 22nd consecutive month. There are 2 new companies listed for trading on SET, namely NL Development Public Company Limited (NL) and Thai Credit Bank Pu blic Company Limited (CREDIT), and in mai 3 securities, namely Phe Public Company Limited. Nele'smatic Solutions (PANEL) Nat Absolute Technologies Public Company Limited (NAT) Euro Creations Public Company Limited (EURO) The Forward P/E of the Thai Stock Exchange at the end of February 2024 was at 14.3 times, higher than the average of Asian stock exchanges which was 12.9 times, and the Historical P/E was 16.3 times, higher than the average of Asian stock exchanges which was 14.3 times. At a level of 15.3 times. Source: Thai News Agency