Thailand’s stock market fortunes continue to grow on last year’s successes but, with the 1997 crash still fresh in investors’ memories, is it enough to convince the doubters to invest in other instruments, asks Simon Montlake in Bangkok.
Underpinned by a strong economic recovery, Thailand’s stock market was among last year’s high flyers with a 22% climb, a trend that has continued in 2003. While foreign funds are benefiting from Thailand’s growth story, domestic investors remain the driving force in Thai equities. This is partly because most are forbidden to invest their capital in overseas markets.
