Thailand: taking a baht
Article Abstract:
The Thai stock market saw a rise in share prices from 1989 to 1993, but foreign investors are concerned about the impact of the Thai baht on the market in 1996. The baht's value is linked to a basket of currencies and the baht is seen as undervalued. The government is concerned that a high value for the baht would hit Thai exports. High levels of foreign investment have led to high interest rates to offset inflationary pressures. Exports have been hit by lower demand and a rise in the value of the dollar which in turn affects the baht. These economic problems undermine confidence in Thai stocks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Thailand's baht bargains
Article Abstract:
The Thai baht has been devalued, a move which initially led to rises in stock prices, though prices later fell. Thailand may not solve its problems through devluation alone, and the educational infrastructure is seen as poor by Abtrust. Companies which have borrowed in US dollars due to high Thai interest rates face problems following the devaluation. The government has promised some aid, though this may not be appropriate, Abtrust argues. Some stocks have become increasingly attractive as a result of the devaluation.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Getting rougher
Article Abstract:
Thai stock prices have dropped by 40% in 1st half 1997 and could drop further if political unrest results from a financial crisis. The Thai financial system appears to be in need of restructuring with finance house closures in addition to some closures of banks. There is also a need to devalue the Thai baht so that interest rates can be lowered to aid manufacturing companies. Exchange regulations brought in to support the baht have tended to deter foreign investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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