Biggest Thai Fund Sees Buying Opportunity After Stock Rout
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Thailand’s largest money manager said a recent slump that sent the benchmark stock index into a correction has made the equity market attractive.
Tourism and commerce companies in particular offer a bargain, Win Phromphaet, the head of investment at Social Security Office, wrote in his blog. Thai companies can endure an economic slowdown as they have high cash reserves and low debt, while the government and the Bank of Thailand have room to increase stimulus, he said.