Stock Exchange of Thailand Says Capital Inflows Are Genuine Long-Term Investments, Not 'Hot Money'

Assadej Kongsiri, Managing Director of the Stock Exchange of Thailand (SET), disclosed that one of the most significant positive developments in the past year is the record-breaking investment promotion requests submitted through the Board of Investment (BOI), with numerous intent signatures. However, the most critical aspect is translating these into actual investments, real job creation, and generating economic circulation that will lead to increased national income and wealth. Assadej emphasized that political stability is crucial for investor confidence. The past two weeks have demonstrated that government stability and security are key factors for investors, and a quickly formed government with full policy-driving authority can boost confidence among domestic and international investors. The capital flow into the Thai stock market since January shows signs of genuine investment rather than speculative 'hot money', with index increases driven by buy-and-hold strategies rather than immediate profit-taking. This reflects a positive ownership behavior in the early year. Moreover, the fourth-quarter GDP figures, which exceeded expectations, provide additional positive momentum. Assadej believes many factors are aligning and should move in the same direction to maintain a positive market atmosphere.