LH Bank starts share trading on May 10
LH Financial Group will start trading on the Stock Exchange of Thailand on May 10 as the first listing by a commercial bank in the 15-year period.
LH Financial Group will start trading on the Stock Exchange of Thailand on May 10 as the first listing by a commercial bank in the 15-year period.
SET still holds long-term potential for investors willing to endure occasional volatility. Despite high volatility and dips last week, the Thai stock market is still considered attractive for long-term investors who want to start accumulating good stocks at discounted prices or long-term equity funds, say analysts.
Thailand, Malaysia and the Philippines will be adversely affected if crude-oil prices reach the critical level of US$130 per barrel this year, the United Nations Economic and Social Commission for Asia and the Pacific (Escap) says.
Silver has been a lucrative investment option as its price has risen by 70% since January of last year, while analysts expect the rise to continue as the US dollar depreciates.
The Stock Exchange of Thailand Index is expected by some analysts to close the year at 1,200 points thanks to the rosy outlook for listed companies' earnings - a factor that continues to attract foreign funds and which helped pull the SET out of negative territory yesterday.
The Stock Exchange of Thailand (SET) continued its climb yesterday by jumping another 1.34% to close at 1,078.66 points yesterday, in heavy trade worth 42 billion baht.
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