Stimulus measures set to revive stocks

Business executives have expressed optimism that the underperforming Thai stock market could see a significant improvement in the second half of 2025, based on their hopes that the government's stimulus measures have been effectively implemented to address the country’s economic weakness.

- NAREERAT WIRIYAPONG

Following a sharp contraction over the past two years, the Stock Exchange of Thailand (SET) has dropped by 16% so far this year, making it the second worst performer globally after the Lebanese stock exchange, which has fallen by 25% year-to-date, according to the Investment Analysts Association (IAA).

“Thai equities are very cheap in terms of valuation for the time being, particularly when compared to what we saw three years ago. That is the top selling point of the SET that makes the bourse appealing to investors,” said IAA chairman Paiboon Nalinthrangkurn, who is also chief executive of Tisco Securities.