Bangkok 28 January-TFEX organized a seminar “Taking advantage of the opportunity to make a profit. Strengthen your portfolio with TFEX.” Analysts expect the Digital Wallet to support 2024 GDP growth of up to 4%, noting that two rounds of government budgets will help stimulate the 2024 economy.
Public Company Futures Exchange of Thailand Limited or TFEX organized a special seminar to celebrate the Year of the Golden Dragon. “Take advantage of the opportunity to make a profit. Strengthen your portfolio with the rich content of TFEX Economic and investment trends 2024 on the 3rd floor of the Stock Exchange, Ratchadaphisek Road, received the attention of many investors, many of whom attended the seminar.
Mr. Kornpat Worachet, Senior Director Krungsri Patanasin Securities chief strategist said at the seminar that the Thai economy in 2023 will adjust its GDP numbers every quarter and the 4th quarter numbers are expected to be lower than expected, while in 2024 Consider that various banks important central We have controlled inflation and are preparing to return to monetary easing and lower interest rates. It is seen that the US 10-year bond has passed its highest point since October 2023. It is expected that the GDP in 2024 of Asian countries will grow in the range of 2-6.3%, higher than developed countries which grow only 0.5- .1%
Among the issues to watch in 2024 is the Chinese economy. They found that China’s manufacturing sector had recovered to above the average pre-COVID-19 level. Although the consumption sector still recovered below average during the same period, the slow recovery of the consumption sector is a factor weighing on the Chinese economy. In addition, China has continued to stimulate the real estate sector in the past year, however, prices of newly built houses continue to fall, reflecting risks in the real estate sector.
There are also negative factors of prolonged tensions in the Red Sea As a result, the volume of transport through the Suez Canal has continued to decrease. If prolonged, it could hinder the recovery of the world economy and support crude oil prices, including the El Niño phenomenon. The temperature around the world tends to increase and this year there is a chance that the temperature will reach a record higher than last year. It can cause drought to many places around the world. Affecting agricultural production is likely to cause prices of soft goods to rise and may be a factor driving the risk of inflation as food prices return again.
for domestic factors It is seen that consumption will grow better from the government’s economic stimulus measures. Tourism is accelerating Look at the number of Chinese tourists traveling to Thailand in December and January-January which has increased. And there is a chance that the Bank of Thailand (BoT) will adjust the policy interest rate faster than expected on the market after Real Yield has been positive for 7 months.
It is estimated that the Digital Wallet policy will be an important measure to help stimulate consumption in 2024 and it is expected that if the Digital Wallet measure is included, it will lead to GDP in 2024 increasing by around 0.5 – 0.6% from the original expectation of 3.5%
Another thing that has been missing for a long time in Thailand. It is a long-term fund with a chance of increasing returns, TESG Tax Deduction Fund, which provides a tax deduction of up to 30% of net income or no more than 100,000 baht and has a project duration of up to one year. 2032 will help support the Thai stock market. which has lacked support from fund groups for a long time, the LTF tax relief fund has come to an end
Mr Charanwet Saksri, Director of the Investment Advisory Department, Classic Ausiris Securities Public Company Limited, said that the government’s budget expenditure This year there will be 2 occasions that will cause exponential growth. GDP can move up to 3.76% However, it will be seen that it should the government sector have small measures to stimulate the economy. in order to get a flow of money into the system And if the large-scale measures currently in place cannot be continued You should look for other sources of funding that will go into the system.
Factors that support investment this year In addition to government measures Still think that the global stock market recovered last year. Except for the Hong Kong and China markets, which declined. which has tended to bounce back recently It should have a positive effect on the Thai stock market as well.-516-Thai News Agency
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