TISCO Hopes for Stock Index to Reach 1,500 Points, Expects New Government to Drive GDP Back to 4%

TISCO group highlighted the new government's stability as a crucial confidence booster for the country's economy and stock market. During a post-election seminar on February 10, 2024, Paiboon Nalintrangoon, CEO of TISCO Securities, discussed the clear election results and the overwhelming victory of the Bhumjaithai Party led by Anutin Charnvirakul. The Thai stock market responded positively to the election results, with expectations of political stability and a capable government that can quickly address economic challenges. Paiboon believes the stock market index could reach 1,500 points this year if the new government can restore investor confidence and drive economic growth back to 4% annually. Key recommendations include implementing structural economic reforms, addressing high debt levels, low savings rates, and boosting productivity through innovation in manufacturing and agricultural sectors.