2018 deemed perfect time for offshore investment

BANGKOK, 11th December 2017 (NNT) – An analyst has recommended Thai investors consider putting their money into foreign stock markets in 2018, especially that of the United States, where stock values are expected to shoot up following tax reform.

According to Mr Bhudinan Sethanandha, Executive Vice President at CIMB Thai Bank, next year is considered an appropriate time for stock investors to venture into foreign markets after the Bank of Thailand and the Office of the Securities and Exchange Commission resolved to raise the overseas investment ceiling from 75 billion US dollars to 100 billion US dollars.

He particularly highlighted the attractiveness of the US stock market, pointing out that President Donald Trump’s tax reform policy will allow listed companies to earn increased profits and, in turn, drive up their share prices.

As for the Thai stock index, Mr Bhudinan projected it will hit the 1,800-point mark next year, given several positive factors, including more clarity in the election timeframe, continued export growth and recovery of consumer confidence. Nevertheless, investors are encouraged to be extra careful as overall market conditions will likely be more volatile than this year.

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