Thai Stock Market Faces Slow Growth Trap as Investors Shift to Bonds Amid Fed Rate Hike Concerns

Key summary

Monica warns that Thailand's stock market acts as a temporary parking spot for capital before funds move to better-performing markets, citing foreign investor holdings dropping from 80 billion baht to 15 billion baht due to interest rates. The SET index fell 2.87 points to close at 1,573.01 after testing support near 1,550, with trading volume at 584 billion baht. Monica compares the low-risk 5.20% yield of 10-year bonds against 6-8% dividend stocks but higher risk. Specific stock updates include PTTEP at 155 baht (down from a mid-month high of 157.50), HANA closing at 50.25 baht (-4.29%), KBANK at 235 baht (+1.73% with 6% dividend yield), SPRC at 16.10 baht (down from an analyst target of 16.70), and TFG at 9.05 baht after falling from 11 baht over three months.