Cannabis plants on display at an expo in Buri Ram province.
Hemp and cannabis-related businesses have become an investment trend in Thailand after the Food and Drug Administration (FDA) opened up the market to products using the plants non-psychoactive ingredients.
Firms that announced plans to produce hemp products have seen healthy bumps in their share prices. But the industry has yet to prove there is demand among Thai consumers, and more established players overseas have struggled to turn profits.
Risks abound investing in this untested industry, and analysts warn shareholders may lose money if many of these businesses fail as a result of inconsistent regulations or a lack of economy of scale.
Fed reassurances fail to calm nervous investors
published : 6 Mar 2021 at 04:00
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Recap: Global stocks in developed and developing markets alike came under pressure again on Friday after reassurances by the chief of the US Federal Reserve failed to soothe investors concerns about a recent surge in borrowing costs. Oil prices also leapt after the Opec and its allies surprised the market by deciding to keep output unchanged.
The SET index moved in a range of 1,487.99 and 1,543.48 points this week and bucked the downbeat trend yesterday by closing up 10.00 points at 1,544.11, an increase of 3.16% from the previous week, in heavy daily turnover averaging 101.08 billion baht.
1 Sinovac Biotech s coronavirus vaccines are displayed at the Suvarnabhumi Airport Free Zone. The doses are the first lot of Covid-19 vaccines to arrive in Thailand. (Photo by Wichan Charoenkiatpakul)
Tourism-related stocks were sold off to take profit on Wednesday following the first shipment of Covid-19 vaccines to the country in what analysts are calling selling on fact , after speculation in advance of shipment caused shares to surge over the past few weeks.
Analysts believe tourism-related stocks including hotel operators, airlines, airports and hospitals will face a loss of at least 12 billion baht this year, likely not seeing profits until 2022.
Asia Aviation (AAV) shares, among the top 10 in trading volume, fell 0.74%, down 0.02 baht to close at 2.68 baht.
US stimulus hopes keep equities aloft
published : 13 Feb 2021 at 04:00
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Recap: Global stocks and emerging markets hovered near record highs as investors bet on more US pandemic relief spending, despite signs of fresh US-China tension, while European stocks fell with retail and energy shares posting losses.
The SET index moved in a range of 1,503.19 and 1,529.49 points before ending a holiday-shortened week at 1,508.35 on Thursday, up 0.8% from the previous week, in daily turnover averaging 92.12 billion baht.
Foreign investors were net buyers of 3.11 billion baht. Brokerage firms bought 2.82 billion, while retail investors purchased 1.42 billion baht. Institutional investors were net sellers of 7.35 billion baht worth of shares.