HoonSmart.com >> TISCO Asset Management Co, Ltd catches the rhythm of Thai stocks shrinking Serve the trigger fund “TISCO Thai Equity Trigger 5M#10” (TEQT5M10), terminate the project when the investment unit price reaches 10.50 baht from within 5 months, indicating the strong financial status of Thai banks. There are many positive factors in the country. As for Thailand’s stock price, it is at an attractive level. Thailand’s domestic consumption and tourism growth is improving Inflation is not high. supporting the index by 1,700 points
Mr. Saharat Chatsuwan, Deputy Managing Director of Asset Management Company (TISCO Asset Management Co, Ltd) revealed that in the past the Thai stock market fell sharply due to concerns about the bankruptcy of SVB Bank, which TISCO Asset Management believes should not cause problems from the kind of happen with a bank in Thailand Because every bank has a strong financial position. Liquid assets to support liquidity stress situations (LCR) are maintained at a level above the threshold. And the loan to deposit ratio (LDR) is not very high. because the economy is steadily improving while the capital adequacy ratio (CAR) is above 14%*
In addition, Thailand has many unique positive factors waiting. The share price is at an attractive level with a price to earnings per share (P/E) ratio of around 14.65 times, which is lower than the 5-year average of 18.15 times of the tourism recovery domestic consumption sector The interest rate is low and elections are clear All these will be the main factors supporting Thai stocks to rise above 1,700 points.
From the positive factors above So TISCO Asset Management Co, Ltd took the time to offer the Thailand Stock Trigger Fund. By offering the value of TISCO Thai Equity Trigger Fund 5M#10 (TEQT5M10), risk level 6 (high risk), set a target to terminate the project when investment units have a value of 10.50 baht/unit within the 5 month Time period, open for sale for the first time between 20 – 22 March 2023, minimum subscription value 1,000 baht
“Thai stocks are likely to benefit further, mainly from the recovery of domestic consumption, which is mainly driven by the tourism sector. From the policy, we travel together in Phase 5 and the fact that Chinese tourists are opening up the country. Including the domestic elections expected to herald the dissolution of parliament in March. Including Thailand’s low inflation rate. Therefore, it is estimated that the Bank of Thailand may not raise interest rates anytime soon,” Sahrach said.
Investors cannot redeem this investment unit during the 5 month period. Therefore, if there are negative factors affecting such an investment, investors may lose a large amount of their investment. Setting a target of 10.50 baht per unit is not a guaranteed return on investment. If the value of the investment unit does not reach the target within the specified period Investors can buy/sell/change investment units every business day. The goal that causes the termination of the project is still ongoing. The goal of completing the project is the goal before deducting actual expenses (if any) Investors should understand product features, conditions, returns and risks before making an investment decision.
