HALISTER1: Foreign Demand for Bonds Set to Extend Baht Strength: Asia Plus

Foreign Demand for Bonds Set to Extend Baht Strength: Asia Plus

(Bloomberg) -- Thai bond yields are attractive relative to many developed markets, which may continue to attract capital inflows from overseas, Kongkiat Opaswongkarn, CEO of Asia Plus Group Holdings, says in interview.
  • Inflows will maintain upward pressure on currency
  • Broad-based rally in Thai equities is unlikely for some time
    • SET index will be range-bound for a while
    • Unlikely to see large foreign fund inflows into Thai stocks
  • NOTE: Baht Reaches Strongest Since 2015 Amid Inflows
  • NOTE: SET Index +2.1% YTD vs +14.6% for MSCI Asia- Pacific Index
To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Sunil Jagtiani, Niluksi Koswanage

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Kongkiat Opaswongkarn (Asia Plus Group Holdings PCL)

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