#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.
Investors scratch their heads as Finance Minister Predee quits
EconSep 02. 2020
By The Nation
The resignation of Finance Minister Predee Daochai has caused uncertainty among investors, UOB Kay Hian strategist Kitpon Pripisankit said.
He said the situation has caused uncertainty among investors over treasury reserves, Gross Domestic Product growth and the roll-out of economic stimulus measures after the Bank of Thailand’s measures expired.
“We believe this is a good decision because the finance minister should receive support to move on policy, but the conflict at a Cabinet meeting showed that outsiders do not have any political power,” Kitpon said.
“With Predee tendering his resignation, the roll-out of economic stimulus measures may not benefit the country much or may be delayed, causing the country’s economy to slow during the rest of the year,” he stated.
Kitpon also said the index would not fall sharply as liquidity is still at a high level, but stocks would come under pressure from a slow economic recovery as most listed companies’ performance still rely on economic activities, with the exception being technology stocks, which have been able to escape the impact of the economic slowdown.
“Investors should pay attention to stocks that have performed well during the Covid-19 pandemic, such as those to do with electronic parts, agriculture, food, and insurance, and stocks whose performance will improve even though the stock market is still unable to rise to the 1,500-point level as seen before the pandemic emerged,” he added.
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