Thai Market Has Room to Catch Up After Election: Ongkunarak

The video discusses the Thai stock market's recent underperformance and the potential positive impact of upcoming elections. Historically, elections have boosted the Thai equity market, and this trend is expected to continue. The target index for year-end is set at 1720, based on a 10-year average P/E ratio. Key sectors like tourism and consumer private consumption are expected to drive GDP growth. The political landscape is complex, with multiple parties likely to form a coalition, making it challenging to implement populist policies. Despite concerns about public debt and inflation, the consumer sector is expected to thrive due to policies like cash handouts and minimum wage increases. The central bank is expected to manage inflation effectively, with only a slight interest rate hike anticipated.

What challenges do political parties face in delivering their promised policies in the current economic environment?

In what ways are consumer-related sectors expected to influence the stock market rally regardless of the election outcome?