Market Roundup 25 January 2024

Thailand’s SET Index closed at 1,376.09 points, decreased 5.10 points or 0.37% with a trading value of 41 billion. The analyst stated that the traders in the Thai stock market took profit in today’s session after a high surge a day prior.

The selloff in DELTA weighed the market down after financial results from tech companies overseas were lower than expected. 

The analyst expected the market to move in a sideways trend, while recommending investors to monitor the US GDP.


The share price of Airports of Thailand took a hit this morning from the report that the Treasury Department is considering raising rent on the leased government property (Ratchaphatsadu Land), which could have a direct impact on the Thai airport operator.

The Treasury Department is restructuring the Ratchaphatsadu Land’s rental contract and is set to officially announce the plan in 2Q24, as it will be effective when the current contract ends. The rental contracts for each sector started and ended in different periods, such as AOT, which signed the rental contract in 2021 until 2025. As the new contract is expected to be announced this year, the new price, if higher, will be collected in accordance with the newer contract in 2026. The new draft has been prepared for discussion.

However, several sources close to the matter said that the land fees between the Treasury and AOT will not be raised.


The Bank of Korea (BOK) showed that the country’s GDP for 4Q23 edged up 0.6% QoQ, and the export figures were 2.6% higher. Though the imports grew 1%, it brought a net growth contribution of 0.8 percentage points, which was up from 0.5 percentage points in the previous quarter.

However, slow domestic demand, high interest rates, and the dull recovery of exports after a year-long slump in the semiconductor industry raised some concerns for analysts.