But the bourse is still maintaining its goals for a market cap from new IPOs at
The ongoing political stand-off, however, is partly to blame for the sharp decline in the SET's average daily trading value to
Mr Charamporn said the SET remains attractive because of its low price-earnings ratio of 11.8 (compared with regional peers' 13-15) and a low debt-to-equity ratio of 1.4.
Given the local political unrest, the SET has delayed its six international roadshows until the situation clears and has also postponed a mini-
"The Thai stock market has felt a double impact from both global and local factors, so there has been thin trading volume and foreign investors continue their selling spree," said Mr Charamporn.
Foreign funds are flowing out of emerging markets and into developed markets, and currency depreciation in
Global factors have hurt the Thai stock market less than other emerging markets, thanks to solid economic growth, high foreign reserves and subdued inflation.
The SET index has fallen 1.4% this year, outperforming Singapore (-6%) and
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