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Jan. 2--Stocks soared, bonds fell sharply and the baht remained relatively stable even against a falling dollar. Bangkok property values soared, thanks to cheap credit and confident Thai consumers.
Expect more of the same for 2004. Looking ahead to financial trends in the Year of the Monkey, most signs point toward bull markets and a thriving consumer credit culture on the back of strong economic growth.
No asset class proved more profitable in 2003 than equities. Indeed, the Stock Exchange of Thailand defied even the most optimistic analysts for the year, with triple-digit returns putting the market as the best performer in Asia.
And why not? Corporate profits soared, thanks to low interest rates and a buoyant economy. With interest rates still hovering near historic lows, equities proved to be the ...
Source: HighBeam Research, OPINION: Thai Stock Market Can Expect More Good, Even Better Times...