June 23, 2020

Thai Enquirer Summary

Political News

As highly anticipated, Deputy Prime Minister Prawit Wongsuwan has accepted the

invitation from a group of core party members to become the new leader of the Phalang

Pracharat Party (PPRP), the core leader of the coalition.

A group of MPs went to meet Gen Prawit at the party’s head office at the

Ratchada One Office Building to extend the invitation.

Virat said the group decided to invite Gen Prawit to become the party new leader

yesterday (June 22), rather than to wait for the party’s meeting today (June 23)

because the meeting also coincided with the weekly Cabinet meeting.

General Prawit will replace Uttama Savanayana who lost the party leadership

after the dissolution of the party’s executive board following the mass resignation

of 18 board members.

Anucha is expected to succeed Energy Minister Sontirat Sontijirawong as the

party’s secretary-general.

Political observers said that Gen Prawit could take the next step to purge rebel

factions to put pressure on Prime Minister Prayut Chan-o-cha to reshuffle the

Cabinet, especially of Grade A portfolios such as the Energy and Interior

portfolios.

There are reports that the party plans to adjust the structure of the party’s

executive board, with the number of executive committee members poised to be

reduced to 29, from 34, while the number of party deputy leaders is expected to

increase to 9 to cover core leaders of all factions. The appointments of these

positions are expected after the party’s general meeting on June 27 to select a new

executive board.

Under the party law, a party is required to appoint no more than 45 executive

committee members. Under the new structure, Gen Prawit will take over the party

leadership, with Anucha as secretary-general, Santi Prompat as party director.

Gen Prawit is expected to appoint 9 deputy party leaders reserved for:

Industry Minister Suriya Juangroongruangkit

Justice Minister Somsak Thepsuthin

Deputy Finance Minister Santi Prompat who doubles as party director

Education Minister Nuttapol Teepsuwan

Minister of Digital Economy and Society Buddhipongse Punnakanta

Deputy Agriculture Minister Thammanat Prompao

Incumbent deputy party leader Paiboon Nititawan;

Chon Buri MP Suchart Chomklin

Party list MP and government chief whip Virat Ratanasate.

In response to pending leadership changes at the Phalang Pracharat Party (PPRP) which

fuelled speculation of an imminent cabinet reshuffle, Prime Minister and Defence

Minister Gen Prayut Chan-o-cha still denied plans to reshuffle his cabinet. He told

reporters to go back to ask politicians who spread such a rumour about a cabinet

reshuffle.

Following the Phalang Pracharat Party (PPPR)’s landslide win in the by-election in

Lampang’s Constituency 4, former Election Commission (EC) member Somchai

Srisutthiyakorn claimed that the by-election is mired with vote-buying.

Somchai said he had a video clip evidence in which he obtained from Pol Gen

Sereepisuth Temeeyaves, the leader of the Seri Ruam Thai Party.

Vote-buying was rampant in the Sunday’s by-election as one of the clips showed

vote-buying took place 1 day before the by-election (June 19) in Moo 11 of Lom

Rat sub-district in Thoen district, the former EC member said. The clip showed

that a canvasser handed out stacks of 300-baht banknotes to voters in the area.

Somchai said he found a witness who can identify the canvasser in question.

Somchai said he already submitted evidence to the provincial EC office in

Lampang and called for the main EC to look into the matter. This allegedly

violated Section 73 (1) of the election of MPs law, Somchai said.

The Public Sector Anti-Corruption Commission (PACC) said it found irregularities in

budget spending by local administration organisations (LAOs) for procurement projects

for medical supplies necessary for the prevention of the COVID-19 outbreak.

PACC secretary-general Pol Lt Col Wannop Somjintanakul said the PACC

inspected budget spending for procurement projects of medical supplies needed to

control the spread of Covid-19 by 73 local administration organisations in 37

provinces. The PACC found irregularities at 28 of the organisations in 17

provinces.

The PACC identified buying at inflated prices and buying without providing price

referencing or with false price referencing as the 2 most common irregularities.

So far, the PACC has forwarded 3 suspected corruption cases to the National

Anti-Corruption Commission (NACC) for further legal action.

Prime Minister and Defence Minister Prayut Chan-o-cha came out to warm those who are

contemplating on joining a commemoration ceremony on June 24 to mark the 88th

anniversary of the Siamese Revolution of 1932 not to instigate turmoil.

Gen Prayut believed that a majority of Thais have a general sense of right and

wrong and that this is not the time to stir up unrest.

Meanwhile, security agencies are said to ready themselves to handle planned

protests by civic groups on June 24, Defence Ministry spokesman Lt Gen

Kongcheep Tantravanich said after a Defence Council meeting yesterday (June

22). The Defence Ministry spokesman also warned the public not to break the

law.

Various civic groups are reported to invite the public to join commemoration

activities to be held at 05.00 hrs on June 24 at the Democracy Monument to mark

the June 24, 1932 Siamese Revolution.

The opposition Pheu Thai Party is said to prepare a line-up of 61 MPs for the upcoming

debate on the fiscal 2021 budget of 3.3 trillion baht.

Spokesman Anusorn Iamsa-ard said the party is holding a workshop to get 61

MPs fit for the coming parliamentary debate on the new budget bill. Anusorn also

claimed that there will be a tendency for a House dissolution after the budget bill

sails through parliament. Pheu Thai is keeping a close watch on the situation,

Anusorn said.

The Senate voted to pass the budget transfer bill to reallocate 88.452 billion baht to the

government’s central budget fund to fight Covid-19 and rehabilitate the economy.

The budget transfer bill passed in the Upper House yesterday (June 22) with 217

votes in its favour with no objection and 3 abstentions.

Economic News

B. Grimm Power Plc (BGRIM) is in talks on merger and acquisition (M&A) deals for 4-5

power purchase agreements (PPAs).

These PPAs include 2-3 PPAs in the country, 1 in Vietnam and 1 in Malaysia, 1

BGRIM CEO Preeyanart Soontornwata said. The company also expects to

complete deals in several other projects in the 2nd

half of this year.

As for the 2020 operating results, BGRIM maintained its growth target projection

at 10-15% from the previous year, Preeyanart said, pointing that the COVID-19

pandemic and a global economic recession would not have much impact on the

company.

The Fiscal Policy Office (FPO) is set to propose registration guidelines for the 3 stimulus

packages for domestic tourism including Tiew Pan Suk (Trips to share happiness), Kum

Lang Jai (Moral support), Rao Pai Tiew Gun (Let’s go travel together) to the Cabinet on

June 30 for consideration so that the FPO can proceed with the opening of registration on

July 1, FPO Director-General Lavaron Sangsnit announced.

Lavaron ensured that registration methods for these packages should be made as

simple as possible for the public and tourism businesses, adding that his agency

has to improve the online registration platform to ensure that applicants’ data

links with tourism businesses, in line with guidelines approved by the Cabinet.

Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the TAT

had joined with the FPO to create the registration platform, which will vetted by

the committee on stimulus loans before being proposed to the Cabinet.

The TAT is currently waiting for the government’s guidelines on the “travel

bubble” policy. The TAT has laid out plans to increase the number of foreign

tourists after the Covid-19 outbreak is resolved, to generate revenue to the

country.”

Kasikorn Research Centre (KResearch) expects the Bank of Thailand (BoT)’s Monetary

Policy Committee (MPC) to maintain its policy rate at 0.50% at its next meeting on June

24 to see the effects of the monetary and fiscal measures introduced earlier.

Such monetary and fiscal policies are the 25 basis point policy rate cut in May

and the central bank’s measures to help debtors through state mechanisms such as

debt moratorium, low interest for loans and debt restructuring programs.

Meanwhile, KResearch viewed that the Central Bank’s order to commercial banks

to cut their interest rate ceiling on loans to retail customers could lead to a loss of

1-2 billion baht for commercial banks in the 3rd

quarter of the year.

Sornchai Suneta, Managing Director of the Chief Investment Officer at Siam

Commercial bank, said he anticipates the MPC to make another cut later on in

2020 but it will not go as far down to a flat rate as the global economy has already

shown signs of improving after the 2nd

quarter.

“At the same time, lowering the rate would not help the economy at the

moment when other monetary policies such as quantitative easing

measures are more effective anyway,” Sornchai said.

Tim Leelahaphan, a Thailand economist at Standard Chartered Bank, concurred

with Sornchai as he pointed that the MPC will maintain the rate because the vote

was a close 4:3 last time.

“They would maintain but they could also be aggressive in term of GDP

prediction for the year as they did last time,” Tim said. “Maintaining the

rate this Wednesday means they will have room to lower it in the 3

quarter,” he added.

The Stock Exchange of Thailand (SET) Index closed at 1,352.18 yesterday (June 22),

down 18.64 points or 1.3%. Total transaction volume was 65.772 billion baht with an

index high of 1,367.98 and a low of 1,347.60.

The bourse was dragged down by commercial bank stocks and non-banking-entity

stocks which are under pressure from the Bank of Thailand (BoT)’s directive to

suspend payment of interim dividends and buyback of shares to strengthen their

capital in response to the Covid-19 fallout.

Investors were worried about a 2nd wave of Covid-19 after the number of new

cases rose sharply, especially in Brazil, the US and India, a stock analyst said,

adding that positive sentiment like a rebound of energy and petroleum stocks as a

result of rising crude oil prices and mass buy-offs in super savings funds for tax

deduction could push up the market.

The price of crude oil rose almost US$40 per barrel after the number of active oil

rigs in the US dropped by 10 to 189, while the Opec+ grouping is working on

cutting oil production.

In related to the BoT’s move to order commercial banks to hold off interim

dividend payments and share buyback, BOT deputy governor Ronadol Numnonda

came out to defend the move as part of the bank’s pre-emptive measures to

prevent a financial crisis like the one in 1997.

“We have learned from the 1997 crisis that we should not let the situation

get out of hand. At that time, bad loans skyrocketed to 50% of total bank

loans because no pre-emptive measures had been taken. Today, we are

implementing preventive measures and bad debts are just 3.05% of total

bank loans,” Ronadol said.

Retail tobacco prices are expected to rise from October this year due to the new tax

increase.

With the increase of cigarette tax from 20% to 40% is set to come into effect from

October 1, local cigarette manufacturers and importers are set to adjust up their

retail cigarette prices from 60 baht to 90-93 baht immediately.

Panupol Ratanakanjanapat, Governor of the Tobacco Authority of Thailand

(TOAT), previously the Thai Tobacco Monopoly, voiced concern over a hike of

the new excise tax which will double the retail prices of cigarettes, causing an

influx of illicit tobacco products and posting adverse effects on more than

100,000 tobacco growers in 19 provinces.

The TOAT Governor called on the government to delay the excise tax hike for

now as the hike will force the TOAT to purchase lesser quantity of tobacco leaves

than before.

Bank of Thailand (BoT) governor applications may be extended after only 4 applicants

have applied for the job.

Reports are coming out that the application for the governor of the Bank of

Thailand that ended on June 16 would now be extended because there were only 4

candidates who applied for the job and none of the good names that were

rumoured have applied for the job.

The BoT’s selection committee decided that 4 applicants are not enough. Out of

the 4, 2 are outsiders. The other 2 candidates are central bank deputy governors

Mathee Supapongse and Ronadol Numnonda. Former head of institutional

business at Ayudhya JF Asset Management Tongjai Thanachanan and former

chief investment officer and head of fixed income at Ayudhya JF Asset

Management Suchart Techaposai were reported to be the other 2 applicants.

Committee chairman Rangsan Sriworasart said the committee’s next meeting on

June 25 will decide whether the application deadline should be extended. If not,

the applicants were scheduled to present their vision for the job on June 29, and a

short list of suitable candidates will be forwarded to the Finance Minister by July

2.

The aim is also to extend the deadline as the new Finance Minister will then be

able to select the BoT governor because the Cabinet reshuffle is set to take place

soon.

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General News

The Government’s Centre for COVID-19 Situation Administration (CCSA) reported 3

new COVID-19 cases and zero fatalities over the last 24 hours, bringing up the tallies to

3,151 COVID-19 cases and 58 fatalities. A total of 3,022 patients have recovered and

discharged from hospitals.

The 3 new cases, all Thai returnees aged between 11 and 34 years old, returned

from India on June 15 and are undergoing 14-day quarantine at a state facility.

As no new cases of local transmission have been detected for 28 days, the CCSA

is looking to gradually ease COVID-19 restrictions on foreigners, says (CCSA)

spokesman, Thaweesilp Wissanuyothin, adding that business people,

professionals and skilled workers, expats with Thai families and medical tourists

may be allowed to re-enter Thailand again next week.

Some 700 business executives registered to enter the country, skilled workers

(22,000), permanent residents (2,000) and medical tourists (30,000), Thaweesilp

said.

Short-term businessmen (who attend meetings or sign business contracts or

agreements), government guests (who attend ceremonies or specific seminars) and

tourists under travel bubbles plan are among those allowed to enter the kingdom

without undergoing 14-day quarantine. Tourists from China, Japan, and South

Korea could be among the first group entering the kingdom.

The proposal will be discussed during the CCSA meeting this Friday (June 26).

On the global front

The number of cases is heading toward 9.2 million soon

The United States continues to remain as the epicentre of the epidemic

The US saw just over 31,390 cases yesterday

The mortality has seen a decline to 362 yesterday

Political News Headlines in Thai Media

Chulalongkorn University has appointed Professor Dr Bundhit Eua-arporn to continue as

president of the university on Saturday despite not winning the popular vote, causing

dissatisfaction among the students.

o Link- https://www.thaienquirer.com/14744/former-student-council-president-says-

students-and-communities-should-be-represented-in-choosing-university-president/

Thailand’s government on Monday said that it had discovered three new cases of

coronavirus in the last 24 hours. This is the 28th straight day of no new local transmitted

cases in Thailand.

o Link- https://www.thaienquirer.com/14731/thailand-discovers-three-new-case-of-

coronavirus-on-monday-all-in-state-quarantine/

Police in Khon Kaen province were stationed today at landmarks associated with the

1932 democratic revolt ahead of its anniversary on Wednesday.

o Link- https://www.khaosodenglish.com/politics/2020/06/22/police-surround-political-

sites-ahead-of-revolt-anniversary/

Deputy Prime Minister Prawit Wongsuwon has agreed to take up the position of Palang

Pracharath Party (PPRP) leader, chief government whip Wirat Rattanaset said on

Monday.

o Link- https://www.bangkokpost.com/thailand/politics/1939224/prawit-accepts-invite-

to-lead-pprp

Investigators will issue arrest warrants for three people who are said to be involved in an

alleged jailbreak plan involving former deputy minister for commerce Banyin

Tangpakorn this week.

o Link- https://www.bangkokpost.com/thailand/general/1939248/three-people-face-

arrest-after-banyins-escape-plot-foiled

The Public Sector Anti-Corruption Commission (PACC) has proposed four measures for

preventing corruption in the planned spending of 400 billion baht set aside for funding

Covid-19 related rehabilitation projects.

o Link- https://www.bangkokpost.com/thailand/general/1939324/strategy-laid-out-to-

guard-relief-spend

Former Democrat MP Watchara Phetthong yesterday petitioned the National Anti-

Corruption Commission (NACC) to investigate Office of the Attorney General (AOG)

officials accused of malfeasance over a decision not to appeal against the acquittal of

Panthongtae "Oak" Shinawatra.

o Link- https://www.bangkokpost.com/thailand/general/1939368/petition-sent-over-

oaks-acquittal

A sergeant who exposed corruption in the army has been granted bail from a military

court for the charge of unauthorised absence.

o Link- https://www.bangkokpost.com/thailand/general/1939140/army-whistle-blower-

granted-bail-for-absence-charge

Economic News Headlines in Thai Media

The Thai Bankers’ Association (TBA) said on Monday that they support the Bank of

Thailand (BOT)’s move to stop banks from paying interim dividends for the first half of

2020 and suspend share buybacks.

o Link- https://www.thaienquirer.com/14734/banking-association-supports-central-

bank-preventative-measures/

Analysts said the Bank of Thailand’s Monetary Policy Committee (MPC) will likely hold

the country’s benchmark lending rate at 0.5 per cent at its next meeting on Wednesday.

o Link- https://www.thaienquirer.com/14765/analysts-said-mpc-will-maintain-rate-at-

its-next-meeting-the-bullet-is-not-needed-this-time/

The Eastern Economic Corridor Office (EECO) said on Monday that they will introduce

a “business bubble” scheme to the Center for Covid-19 Situation Administration

(CCSA)’s meeting on Friday.

o Link- https://www.thaienquirer.com/14758/japanese-and-south-korean-

businesspeople-within-the-eec-could-be-the-first-group-of-foreigners-to-enter-

thailand-with-the-new-business-bubble/

Adam Smith once thought that more trade would mean less war. So did Kant. Liberals (in

the classical sense of the word) believed that increasing economic interdependence would

provide incentives to avoid war and encourage cooperation rather than conflict.

o Link- https://www.thaienquirer.com/14721/weaponized-interdependence-the-new-us-

china-financial-war/

Investors and businessmen based in Thailand, along with medical tourists, would

probably be the first foreigners allowed in when the kingdom gradually reopens its doors

to outsiders, the Centre for Covid-19 Situation Administration (CCSA) confirmed

yesterday.

o Link- https://www.bangkokpost.com/thailand/general/1939220/ccsa-mulls-reopening-

doors

Operators of nightlife entertainment venues have cried foul over a set of proposed

regulations to be enforced when they reopen, saying many social-distancing rules will

threaten their livelihoods.

o Link- https://www.bangkokpost.com/thailand/general/1939228/nightspots-cry-foul-

at-curbs-list

The Bank of Thailand is requiring commercial banks to run a new round of stress tests

that takes the pandemic's impact into account and report the results next month, while

strengthening capital buffers will be discussed in case the outcome shows capital

adequacy ratios (CAR) are below 11.5%.

o Link- https://www.bangkokpost.com/business/1939272/bot-orders-stress-tests-from-

banks

Saha Group, the country's biggest consumer goods conglomerate, expects domestic

consumer consumption to stay bearish in the next few years because of the crisis, which

has gutted domestic employment.

o Link- https://www.bangkokpost.com/business/1939276/saha-braced-for-slow-sales-

in-years-ahead

The Board of Investment (BoI) and Eastern Economic Corridor (EEC) Office have been

ordered to speed up rejigging promotional privileges for five new S-curve industries to

make them more enticing for foreign investment.

o Link- https://www.bangkokpost.com/business/1939348/boi-eec-to-hurry-new-s-

curve-perks

Energy firm Bangchak Corporation (BCP) will delay its production of lithium carbonate,

a major raw material for battery and energy storage products, for another six months

because of the impact from the pandemic, but still plans to use it as a new revenue

generator in energy storage or electric vehicle (EV) businesses.

o Link- https://www.bangkokpost.com/business/1939540/bcp-shelves-new-lithium-

blueprint

Thai Oil (TOP), an oil refinery arm under PTT, hopes high-quality products from a new

refinery complex, the Clean Fuel Project (CFP), can strengthen competitiveness and

better deal with oil price fluctuation.

o Link- https://www.bangkokpost.com/business/1939320/top-looks-to-high-quality-

products

The application deadline for the Bank of Thailand's next governor is likely to be extended

after a selection committee determined four applicants was not enough.

o Link- https://www.bangkokpost.com/business/1939344/bot-chief-application-to-be-

extended

SET-listed SVOA, a computer and IT distributor, is gearing up for cloud computing,

biometric technology and artificial intelligence (AI) in a bid to ride the digital wave

arising from the pandemic.

o Link- https://www.bangkokpost.com/business/1939528/svoa-casts-a-wide-net-in-

hopes-of-pandemic-boon

Issues to be watched out for

June 24, 2020 – The Bank of Thailand (BoT) is set to announce its forecast of the

country’s gross domestic product (GDP) of this year.

June 25, 2020 – The deadline for the Office of Attorney General (OAG) whether to appeal

or not appeal the lower court’s acquittal of Panthongtae “Oak” Shinawatra, son of former

prime minister Thaksin Shinawatra, for alleged money laundering.

June 27, 2020 – The Phalang Pracharat Party (PPRP) to hold a general assembly to select

a new executive board.

June 30, 2020 – The budget transfer bill to reallocate 88 billion baht to a central fund to

fight Covid-19 and rehabilitate the economy will be tabled before parliament and have its

first reading.

June 30, 2020 – The Civil Aviation Authority of Thailand (CAAT) is expected to lift ban

on incoming flights.

June 30, 2020 – The government is expected to lift lockdown restrictions imposed under

the emergency decree.

July 2020 – The Expressway of Thailand (EXAT)’s planned opening schedule of the new

Motorway Route 7 Section from Pattaya to Map Ta Phut.

July 1-3, 2020 – The House is set to deliberate on the draft budget bill for the 2021 fiscal

year.

July 2, 2020 – The shortlist of candidates for the new governor of the Bank of Thailand

(BoT) will be concluded.

August, 17, 2020 – The first day of hearings for Thai Airways International Plc (THAI)’s

bankruptcy case.

August 29, 2020 – The deadline for farmers to return the banned agri-chemicals, paraquat

and chlorpyrifos, in their possession to sellers.

September 2020 – Recruitment of new board members of the National Broadcasting and

Telecommunication Commission (NBTC) is set to kick off.

September 21, 2020 – The National Economic and Social Development Council (NESDC,

formerly known as the National Economic and Social Development Board or NESDB) is

to revise the 20-year national strategy at an annual meeting to respond to the COVID-19

crisis.

September 30, 2020 – The Stock Exchange of Thailand (SET) is set to extend the revised

equity short-selling regulations from June 30 to September 30 as stock market volatility

remains high in the wake of the Covid-19 pandemic.

October, 2020 – The bidding for construction and operation for the 140-billion-baht

Orange Line western extension linking the Thailand Cultural Centre with Bang Khun

Non.

October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to

the coronavirus outbreak.

Key Data

SET Index 1,352.18 -18.64

Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html

Global Commodities

Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/

Energy -Link - http://www.bloomberg.com/energy/

Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND

Global Equity Market’s Movements

Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/

Asian Equity Markets Movement

Link - http://www.bloomberg.com/markets/stocks/world-indexes/

Information on June 22, 2020

Buying, Selling or Transfer of shares by Owners/Management

Stock Code Volume Value Action

ABICO 3,200,000 4.81 Purchase

ARROW 12,000 7.18 Purchase

BCPG 775,000 16.13 Sale

EP 50,000 3.62 Purchase

JMT 300,000 20.27 Purchase

LPH 21,000 4.77 Purchase

MJD 150,100 1.74 Sale

MC 79,200 10.3 Sale

MEGA 10,000 38.25 Sale

PRIME 500,000 0.41 Purchase

RPH 2,000 5.25 Purchase

RS 50,000 14 Purchase

SINGER 5,000 12.79 Sale

SINGER 2,000 12.77 Purchase

SISB 10,000 9.8 Sale

TM 20,000 2.37 Purchase

TTI 100 20.5 Purchase

TSR 6,000 2.28 Purchase

AUCT 800 7 Purchase

AUCT 100,000 7.22 Sale

AUCT 120,200 7.88 Sale

UTP 149,100 11.4 Sale

XD, XE or XM or other notifications

For list of Companies that have dividend payment and AGM meeting schedules click on

http://www.set.or.th/set/calendarofevents.do

Trading Breakdown on the Stock Exchange of Thailand

Daily as of 22 Jun 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 4,346.48 6.61 8,042.14 12.23 -3,695.66 -

Proprietary

Trading

6,760.87 10.28 6,730.00 10.23 30.87 -

Foreign Investors 19,968.49 30.36 23,074.64 35.08 -3,106.15 -

Local Individuals 34,696.53 52.75 27,925.59 42.46 6,770.94 -

Monthly Cumulative between 1 - 22 Jun 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 117,853.58 9.29 119,057.40 9.38 -1,203.82 -

Proprietary

Trading

119,765.12 9.44 115,353.93 9.09 4,411.19 -

Foreign Investors 407,338.46 32.1 420,585.60 33.15 -13,247.14 -

Local Individuals 623,904.44 49.17 613,864.67 48.38 10,039.77 -

Yearly Cumulative since 1 Jan - 22 Jun 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 926,955.07 11.56 860,572.80 10.73 66,382.27 -

Proprietary

Trading

807,865.79 10.07 805,984.11 10.05 1,881.68 -

Foreign Investors 2,826,474.55 35.24 3,033,650.79 37.82 -

207,176.25

-

Local Individuals 3,459,576.98 43.13 3,320,664.68 41.4 138,912.30 -

Total Trading Value 65,772.37 Million Baht.

Background Information –  

The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the

Election Commission of Thailand. Elections took place on March 24, 2019

https://www.ect.go.th/ect_th/news_all.php?cid=24

List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf

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without the prior written permission. The opinions expressed are only those of the writer’s and is analysed

based on the situation.