Bangkok, April 29 – “Srettha” noted that the stock market is often volatile. causing the Thai capital market to lose confidence from foreigners points to the Thai government ready to create good governance pushing Thailand back to become a regional economic hub
Mr. Srettha Thavisin, Candidate for Prime Minister, Pheu Thai Party and Chairman of the Advisor to the head of the Pheu Thai family. The tweet concluded that There is concern in the case of a company’s stock. The value in the stock market is 1 trillion baht, the price fluctuates more than 15% within a single day. This should not happen in large stocks such as the Thai Stock Exchange, the second largest in ASEAN.
He also expressed concern about the manipulation of Thai stocks, partly due to the minimum number of minority shareholders. Causing the number of shares in the market to be low when there are few The stock price is therefore higher than it actually is. But the penalties for manipulating stocks in Thailand are not serious. Takes a long time to prosecute causing some companies to have minority shareholders much lower than the criteria until some groups of investors can spin stocks or drive stocks into the corner Make huge profits from the stock’s skyrocketing value in a short period of time.
Currently, there are some cases that are medium-sized companies. have a market capitalization comparable to large companies, for example, one-sixth of PTT’s has a market capitalization greater than PTT, which is financially detrimental to retail investors and make foreign investors lose confidence in the Thai capital market
If the Pheu Thai Party becomes the government will come to promote the Thai capital market to crack down on misbehavior Increasing strictness on companies with minority shareholders below the threshold. Supporting stocks with concrete governance, such as issuing certificates from the stock exchange Confident that the Thai capital market will be more reliable and stable. when combined with the economic policies of the Pheu Thai Party, such as the policy of going out to negotiate trade with foreign countries Fintech Center Creation Policy New Business Area Policy Confident that it will proudly make Thailand stand out as a regional economic hub once again. .-Thai News Agency
Source: Thai News Agency