Vayupak One fund manager promises a THB 150 billion investment in Thai stocks on October 1 prior to entering the market on October 7, comprising securities, infrastructure and real estate units, on a quest for the highest return targeted at 9%. KSS speculates the trending Vayupak will carry SET index to the most outperformance in Asia – MSCI intends to increase the weight in November.
Mr. Korapat Worachet, Director of Investment Research and Service of Krungsri Securities PCL or KSS views that SET will maintain the uptrend henceforth, provided the THB 150 billion speculative capital to start buying Thai stocks in the coming October – being a new investment unit with over 10-year period, together with successive investments from TESG fund in November.
“We haven’t seen such capital for a long-term fund for quite some time – Vayupak investing in Thai stocks will instill more confidence in both local and foreign investors”, said Mr. Korapat.
Meanwhile, SET has outperformed other Asian markets during Q3/2024 due to its underperformance against peers in the first half of 2024. Despite the recent rally, most Thai stocks still have wider discounts, thus, drawing the attention of foreign investors. Overweight from MSCI and FTSE, as opposed to the previous underweight, can be looked forward to in November during the rebalancing.
